Oklahoma State Question 489, Municipal Indebtedness Amendment (August 1972)
| Oklahoma State Question 489 | |
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| Election date |
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| Topic Bond issues and County and municipal governance |
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| Status |
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| Type Legislatively referred constitutional amendment |
Origin |
Oklahoma State Question 489 was on the ballot as a legislatively referred constitutional amendment in Oklahoma on August 22, 1972. It was approved.
A "yes" vote supported limiting the maximum annual indebtedness of cities and towns to 10% of the value of their taxable properties. |
A "no" vote opposed limiting the maximum annual indebtedness of cities and towns to 10% of the value of their taxable properties. |
Election results
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Oklahoma State Question 489 |
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| Result | Votes | Percentage | ||
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242,369 | 51.26% | ||
| No | 230,433 | 48.74% | ||
Text of measure
Ballot title
The ballot title for State Question 489 was as follows:
| “ | Shall a Constitutional Amendment amending Article X, Section 26, of the Oklahoma Constitution by providing the maximum indebtedness that may be incurred in any year by any city or town of the State shall not exceed, in the aggregate, ten percent (10%) of the valuation of the taxable properties therein, 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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