Oklahoma State Question 490, Allowable Loan for School Funds Amendment (August 1972)
| Oklahoma State Question 490 | |
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| Election date |
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| Topic Education and State and local government budgets, spending, and finance |
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| Status |
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| Type Legislatively referred constitutional amendment |
Origin |
Oklahoma State Question 490 was on the ballot as a legislatively referred constitutional amendment in Oklahoma on August 22, 1972. It was defeated.
A "yes" vote supported increasing the allowable loan amount from 50% to 70% of the reasonable valuation of farmland from the permanent common school and other educational funds |
A "no" vote opposed increasing the allowable loan amount from 50% to 70% of the reasonable valuation of farmland from the permanent common school and other educational funds. |
Election results
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Oklahoma State Question 490 |
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| Result | Votes | Percentage | ||
| Yes | 223,794 | 47.83% | ||
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244,077 | 52.17% | ||
Text of measure
Ballot title
The ballot title for State Question 490 was as follows:
| “ | Shall a Constitutional Amendment amending Section 6, Article XI, Oklahoma Constitution, to increase from Fifty Percent (50%) to Seventy Percent (70%) the percentage of the reasonable valuation of farm land which may be loaned on such land out of the permanent common school and other educational funds and authorizing investment in United States Guaranteed Securities 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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