Oklahoma State Question 665, Educational Fund Bond Guarantees and Investment Regulations Amendment (1994)

Oklahoma State Question 665
Election date November 8, 1994
Topic Education and State and local government budgets, spending, and finance
Status Approved
Type Legislatively referred constitutional amendment	Origin State legislature

Oklahoma State Question 665 was on the ballot as a legislatively referred constitutional amendment in Oklahoma on November 8, 1994. It was approved.

A "yes" vote supported amending the Oklahoma State Constitution to allow the Legislature to pass laws enabling the use of permanent common school fund and other educational funds to guarantee bonds issued by public school districts and higher education institutions, with provisions for repayment and regulations on investment procedures and types.

A "no" vote opposed amending the Oklahoma State Constitution to allow the Legislature to pass laws enabling the use of permanent common school fund and other educational funds to guarantee bonds issued by public school districts and higher education institutions, with provisions for repayment and regulations on investment procedures and types.

Election results

Oklahoma State Question 665
Result		Votes	Percentage
Yes		471,348	52.56%
No		425,460	47.44%

Results are officially certified.

Source

Text of measure

Ballot title

The ballot title for State Question 665 was as follows:

“

This measure amends the Oklahoma Constitution. It amends Section 15 of Article 10 and Section 6 of Article 11. The Legislature may pass laws to provide for the use of the permanent common school fund and other educational funds to guarantee certain bonds. The bonds are issued by public school districts and colleges or universities. The permanent school fund or other educational funds would be repaid any money, plus interest, paid because of the guarantees. Laws would be passed to provide a way for public school districts to pay back the state any money, plus interest, the state had to pay on behalf of the school districts. Laws would also be passed for procedures to guarantee bonds issued by a college or a university. The measure requires the Legislature to pass laws on how the money in the permanent school fund and other educational funds may be invested. It states the purposes for which investments may be made and the degree of care required for investments. It removes language, which, at present, allows certain types of investments. It also removes language which, at present, requires certain investments to be given preference. Shall this amendment 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

1994 Measures

• 1994 Measures
• Education on the ballot
• State and local government budgets on the ballot
• spending on the ballot
• and finance on the ballot
• 1994 legislative sessions

Oklahoma

• Oklahoma ballot measures
• Oklahoma ballot measure laws

News and analysis

• Ballot measure lawsuits
• Ballot measure readability
• Ballot measure polls

External links

• Oklahoma State Questions