Oklahoma State Question 552, Municipal Revenue Bonds Amendment (1980)
| Oklahoma State Question 552 | |
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| Election date |
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| Topic Bond issues and Utility policy |
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| Status |
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| Type Legislatively referred constitutional amendment |
Origin |
Oklahoma State Question 552 was on the ballot as a legislatively referred constitutional amendment in Oklahoma on November 4, 1980. It was defeated.
A "yes" vote supported allowing municipalities or joint agencies to issue revenue bonds or incur debt for public utilities without constitutional debt limits |
A "no" vote opposed allowing municipalities or joint agencies to issue revenue bonds or incur debt for public utilities without constitutional debt limits. |
Election results
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Oklahoma State Question 552 |
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| Result | Votes | Percentage | ||
| Yes | 344,633 | 36.28% | ||
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605,173 | 63.72% | ||
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- Results are officially certified.
- Source
Text of measure
Ballot title
The ballot title for State Question 552 was as follows:
| “ | Shall a Constitutional amendment adding Section 27C to Article 10 of the Oklahoma Constitution; authorizing municipalities or joint agencies formed by two or more municipalities to issue Revenue Bonds or incur other debt to finance public utilities; providing that constitutional and statutory limitations shall not apply to the debt incurred; requiring voter approval of such joint agencies; authorizing the governing body of the municipality, or the directors of such agencies and the governing bodies of the participating municipalities, to authorize such debt by vote of their membership; providing the power to contract; and providing that such debt and contractual obligations shall be a limited obligation payable only from the revenues or funds pledged for payment thereof and shall not be an indebtedness of the municipality or joint agency be adopted 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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