Oklahoma Bonds for State Capitol Building Amendment (2014)

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Not on Ballot
Proposed ballot measures that were not on a ballot
This measure was not put
on an election ballot


The Oklahoma Bonds for State Capitol Building Amendment did not appear on the November 4, 2014 ballot in Oklahoma as a legislatively referred constitutional amendment. The measure, upon voter approval, would have authorized the state to issue up to $120 million in bonds to pay for repairing and refurbishing the Oklahoma State Capitol Building. The amendment would have required that the bonds be repaid with revenues from the General Revenue Fund of the State Treasury and in not more than 30 years.[1]

Ultimately, HJR 1033, the legislation to put the amendment on the ballot, passed the Oklahoma Legislature. However, HJR 1033 was altered to amend a state statute, rather than the Oklahoma Constitution. Therefore, a ballot question was no longer required since the legislation was a statute.[2]

Text of measure

Ballot title

The proposed ballot question read as follows:[1]

“
BALLOT TITLE
Legislative Referendum No. _____ State Question No. _____

THE GIST OF THE PROPOSITION IS AS FOLLOWS:

This measure amends the Oklahoma Constitution. It would add a new Section 44 to Article 10. It would authorize the State of Oklahoma to incur debt. The debt would be for purposes of repairs and refurbishment of the State Capitol Building. Bonds could be issued in an amount needed to provide up to One Hundred Twenty Million Dollars ($120,000,000.00) for this purpose. The bonds would have to be repaid in not more than thirty (30) years. The repayment would be made using monies from the General Revenue Fund of the State Treasury. The repayment for the bonds would be made before any other money was deposited into the General Revenue Fund. The State Treasurer would make payment to the Oklahoma Building Bonds Commission that issued the bonds. The payments could be monthly or annually or such other period as provided by the documents that allow the bonds to be issued. The State Treasurer would make a report of the bond payments to the State Board of Equalization. The report would be as frequent as required for good accounting practices and based upon the requirements contained in the documents that allow the bonds to be issued.

SHALL THE PROPOSAL BE APPROVED?

FOR THE PROPOSAL — YES _____________

AGAINST THE PROPOSAL — NO _____________ [3]

”
The Oklahoma State Capitol in Oklahoma City

Path to the ballot

See also: Amending the Oklahoma Constitution

A simple majority vote was required in both chambers of the Oklahoma Legislature in order to place the proposed constitutional amendment on the ballot.

See also

Footnotes

  1. ↑ 1.0 1.1 Oklahoma Legislature, "Engrossed House Joint Resolution No. 1033," accessed April 25, 2014
  2. ↑ Oklahoma Legislature, "Enrolled House Joint Resolution No. 1033," accessed May 28, 2014
  3. ↑ Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
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