Oklahoma State Question 369, Oklahoma Veterans Loan Authority Amendment (July 1956)
| Oklahoma State Question 369 | |
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| Election date |
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| Topic State and local government budgets, spending, and finance and Veterans policy |
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| Status |
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| Type Legislatively referred constitutional amendment |
Origin |
Oklahoma State Question 369 was on the ballot as a legislatively referred constitutional amendment in Oklahoma on July 3, 1956. It was defeated.
A "yes" vote supported authorizing the legislature to create the Oklahoma Veterans Loan Authority, with the power to issue up to $50 million in general obligation bonds for loans to resident veterans for purchasing or improving farms or homes. |
A "no" vote opposed authorizing the legislature to create the Oklahoma Veterans Loan Authority, with the power to issue up to $50 million in general obligation bonds for loans to resident veterans for purchasing or improving farms or homes. |
Election results
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Oklahoma State Question 369 |
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| Result | Votes | Percentage | ||
| Yes | 133,248 | 36.08% | ||
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236,021 | 63.92% | ||
Text of measure
Ballot title
The ballot title for State Question 369 was as follows:
| “ | Shall an amendment to the Constitution of the State of Oklahoma authorizing the Legislature to create an "Oklahoma Vertrans Loan Authority" with power to issue general obligation bonds of the State, with total unpaid principal not exceeding Fifty Million Dollars ($50,000,000.00) at any time, to obtain funds to be loaned by said Authority to resident veterans of the armed services of the United States of America for purchasing or improving farms or homes, and with any such bonds to be paid from sources other than ad valorem taxation, prescribed by the Legislature, in not more than thirty-five (35) years, from date of issuance, be approved by the people? | ” |
Path to the ballot
- See also: Amending the Oklahoma Constitution
A simple majority vote is required during one legislative session for the Oklahoma State Legislature to place a constitutional amendment on the ballot. That amounts to a minimum of 51 votes in the Oklahoma House of Representatives and 24 votes in the Oklahoma State Senate, assuming no vacancies. Amendments do not require the governor's signature to be referred to the ballot.
See also
External links
Footnotes
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