Oklahoma State Question 474, Industrial Finance Bonds Amendment (March 1970)
| Oklahoma State Question 474 | |
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| Election date |
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| Topic Bond issues |
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| Status |
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| Type Legislatively referred constitutional amendment |
Origin |
Oklahoma State Question 474 was on the ballot as a legislatively referred constitutional amendment in Oklahoma on March 17, 1970. It was defeated.
A "yes" vote supported authorizing additional State Industrial Finance Bonds, increasing the total limit to $60 million, and permitting loans for tourism and rural water districts. |
A "no" vote opposed authorizing additional State Industrial Finance Bonds, increasing the total limit to $60 million, and permitting loans for tourism and rural water districts. |
Election results
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Oklahoma State Question 474 |
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| Result | Votes | Percentage | ||
| Yes | 82,761 | 33.77% | ||
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162,333 | 66.23% | ||
Text of measure
Ballot title
The ballot title for State Question 474 was as follows:
| “ | Shall a Constitutional Amendment amending Article X, Oklahoma Constitution, by adding new section, 34A, authorizing issuance and sale of State industrial Finance Bonds, in addition to Twenty Million Dollars ($20,000,000.00) heretofore authorized, not exceeding Ten Million Dollars ($10,000,000.00) at any one time; authorizing legislature to approve additional Sixty Million Dollars ($60,000,000.00 outstanding at any one time, for same purposes heretofore authorized, adding to purposes by authorizing legislature to approve loan of One Million Dollars ($1,000,000.00) for Tourism and Three Million Dollars ($3,000,000.00) for Rural Water Districts; providing bonds backed by full faith and credit of State and for repayment, 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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