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Ohio Bonds Issue for Coal Research and Development Amendment (1985)

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Ohio Bonds Issue for Coal Research and Development Amendment

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Election date

November 5, 1985

Topic
Bond issues and Fossil fuel energy
Status

ApprovedApproved

Type
Legislatively referred constitutional amendment
Origin

State legislature



Ohio Bonds Issue for Coal Research and Development Amendment was on the ballot as a legislatively referred constitutional amendment in Ohio on November 5, 1985. It was approved.

A “yes” vote supported this constitutional amendment to:

  • authorize the state to borrow up to $100 million and issue bonds to fund coal research and development in Ohio;
  • allow the state to provide grants or loans to individuals, businesses, and institutions for projects that promote the use of Ohio coal; and
  • allow the state to receive a share of any profits, royalties, or other financial returns from the coal research it helps fund.

A “no” vote opposed allowing the state to issue bonds for coal research and development.


Election results

Ohio Bonds Issue for Coal Research and Development Amendment

Result Votes Percentage

Approved Yes

1,439,344 64.06%
No 807,647 35.94%
Results are officially certified.
Source


Text of measure

Ballot title

The ballot title for Bonds Issue for Coal Research and Development Amendment was as follows:

To adopt Section 15 of Article VIII of the Constitution of the State of Ohio

 To encourage greater use of Ohio coal and to allow the state to issue bonds to finance coal research, this amendment would: 

  1. Permit the enactment of legislation to provide for research and development efforts to discover more economical, efficient, and environmentally acceptable uses of coal;
  2. Authorize the state to borrow money and to issue bonds and other obligations for the purpose of enabling Ohio individuals, businesses in Ohio, and Ohio educational and scientific institutions to engage in such research and development, and to permit the state to share in any royalties or profits that may result from the state's financial participation in such research and development;
  3. Limit the total principal amount of bonds and other obligations issued by the state according to laws passed under this section to one hundred million dollars outstanding at any time; and permit the full faith and credit of the state to be pledged for the repayment of such bonds or obligations issued or guarantees made according to laws passed under this section.

Shall the proposed amendment be adopted?


Constitutional changes

See also: Article VIII, Ohio Constitution

The ballot measure added Section 15 to Article VIII of the Ohio Constitution. The following underlined text was added:[1]

Note: Hover over the text and scroll to see the full text.

Section 15. Laws may be passed authorizing the state to borrow money and to issue bonds and other obligations for the purpose of making grants and making or guaranteeing loans for research and development of coal technology that will encourage the use of Ohio coal, to any individual, association, or corporation doing business in this state, or to any educational or scientific institution located in this state, notwithstanding the requirements, limitations, or prohibitions of any other section of Article VIII or of Sections 6 and 11 of Article XII of the Constitution. The aggregate principal amount of the money borrowed and bonds and other obligations issued by the state pursuant to laws passed under this section shall not exceed one hundred million dollars outstanding at any time. The full faith and credit of the state may be pledged for the payment of bonds or other obligations issued or guarantees made pursuant to laws passed under this section.

Laws passed pursuant to this section also may provide for the state to share in any royalties, profits, or other financial gain resulting from the research and development.[2]

Path to the ballot

See also: Amending the Ohio Constitution

A 60% vote is required during one legislative session for the Ohio State Legislature to place a constitutional amendment on the ballot. That amounts to a minimum of 60 votes in the Ohio House of Representatives and 20 votes in the Ohio State Senate, assuming no vacancies. Amendments do not require the governor's signature to be referred to the ballot.

See also


Footnotes

  1. The Delaware Gazette, "Proposed Amendment," October 21, 1985
  2. Note: This text is quoted verbatim from the original source.

External links