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Oklahoma State Question 610, Development Finance Authority Bond Issues Amendment (September 1988)
| Oklahoma State Question 610 | |
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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 610 was on the ballot as a legislatively referred constitutional amendment in Oklahoma on September 20, 1988. It was approved.
A "yes" vote supported authorizing the Oklahoma Development Finance Authority to issue up to $100 million in general bonds for an economic development credit enhancement reserve fund, used to back debts issued by the Authority, with repayment funded by the legislature. |
A "no" vote opposed authorizing the Oklahoma Development Finance Authority to issue up to $100 million in general bonds for an economic development credit enhancement reserve fund, used to back debts issued by the Authority, with repayment funded by the legislature. |
Election results
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Oklahoma State Question 610 |
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| Result | Votes | Percentage | ||
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163,913 | 58.32% | ||
| No | 117,133 | 41.68% | ||
Text of measure
Ballot title
The ballot title for State Question 610 was as follows:
| “ | This measure would add a new Section 42 to Article X of the Oklahoma Constitution. It would allow the Oklahoma Development Finance Authority to issue bonds. The bonds would be general obligation bonds. Not more than One Hundred Million Dollars worth of bonds could be issued. Any such bonds issued would be used to provide a reserve fund for the Authority. The fund would be the economic development credit enhancement reserve fund. The fund could only be used to pay debts issued by the Authority after all other pledged monies and reserve funds are used to the extent allowed by law to pay the debts. The Legislature would provide for the monies to pay for the bonds. | ” |
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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