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Ohio Bonds for Low-Cost Housing Amendment (1982)

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Ohio Bonds for Low-Cost Housing Amendment

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Election date

November 2, 1982

Topic
Bond issues and Housing
Status

ApprovedApproved

Type
Legislatively referred constitutional amendment
Origin

State legislature



Ohio Bonds for Low-Cost Housing Amendment was on the ballot as a legislatively referred constitutional amendment in Ohio on November 2, 1982. It was approved.

A "yes" vote supported authorizing the state to issue revenue bonds to make financing available for low-cost housing. 

A "no" vote opposed authorizing the state to issue revenue bonds to make financing available for low-cost housing. 


Election results

Ohio Bonds for Low-Cost Housing Amendment

Result Votes Percentage

Approved Yes

1,827,453 57.40%
No 1,356,336 42.60%
Results are officially certified.
Source


Text of measure

Ballot title

The ballot title for Bonds for Low-Cost Housing Amendment was as follows:

To adopt Section 14 (or 15) of Article VIII of the Constitution of the State of Ohio

This proposed amendment would:

  1. Allow the state to issue revenue bonds to make financing available at lower than current interest rates for buying, building, or improving privately owned multi-unit housing for the elderly and privately-owned owner occupied single family housing;
  2. Allow the state to make loans to or through residential mortgage lenders, and to purchase loans from such lenders for multi-unit housing for the elderly and single-family housing;
  3. Allow the legislature to pass laws implementing the above program;
  4. Provide that tax money should not be obligated or pledged for the payment of these bonds.

If adopted, this amendment shall take immediate effect.

Shall the proposed amendment be adopted?


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


External links

Footnotes