Oklahoma State Question 469, Interest Rates Referendum (1970)
| Oklahoma State Question 469 | |
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| Election date |
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| Topic State and local government budgets, spending, and finance |
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| Status |
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| Type Veto referendum |
Origin |
Oklahoma State Question 469 was on the ballot as a veto referendum in Oklahoma on November 3, 1970. It was defeated.
A "yes" vote supported granting the State Treasurer sole authority to determine public fund deposits in approved banks and requiring a minimum of 4.10% annual interest on time deposits. |
A "no" vote opposed granting the State Treasurer sole authority to determine public fund deposits in approved banks and requiring a minimum of 4.10% annual interest on time deposits. |
Election results
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Oklahoma State Question 469 |
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| Result | Votes | Percentage | ||
| Yes | 215,869 | 39.24% | ||
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334,217 | 60.76% | ||
Text of measure
Ballot title
The ballot title for State Question 469 was as follows:
| “ | Shall House Bill No. 1129 of the First Session of the 32nd Legislature, vesting the State Treasurer with sole authority to determine amount of public funds to be deposited in any bank approved by Depository Board, and requiring no less than 4.10% per annum interest from time deposits only, providing penalty for State Treasurer or any bank official to knowingly violate act, and repealing all conflicting laws be approved by the people? | ” |
Path to the ballot
In Oklahoma, the number of signatures required for a veto referendum was equal to 5% of the votes cast in the last general election. In 2010, voters approved State Question 750, which changed the signature requirement to be based on the preceding gubernatorial election. A simple majority vote is required for voter approval.
See also
External links
Footnotes
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