Oklahoma State Question 693, Economic Development Bonds Amendment (2002)
| Oklahoma State Question 693 | |
|---|---|
|
|
|
| Election date |
|
| Topic Bond issues and Public economic investment policy |
|
| Status |
|
| Type Legislatively referred constitutional amendment |
Origin |
Oklahoma State Question 693 was on the ballot as a legislatively referred constitutional amendment in Oklahoma on November 5, 2002. It was approved.
A "yes" vote supported allowing local governments to issue bonds for economic or community development with voter approval, repaid through a sales tax of up to $0.01, and permitting the creation of regional economic development districts authorized to issue bonds. |
A "no" vote opposed allowing local governments to issue bonds for economic or community development with voter approval, repaid through a sales tax of up to $0.01, and permitting the creation of regional economic development districts authorized to issue bonds. |
Election results
|
Oklahoma State Question 693 |
||||
|---|---|---|---|---|
| Result | Votes | Percentage | ||
|
|
489,883 | 51.34% | ||
| No | 464,248 | 48.66% | ||
Text of measure
Ballot title
The ballot title for State Question 693 was as follows:
| “ | This measure amends the Oklahoma Constitution. It amends Section 35 of Article 10. The amendment allows local governments to issue bonds for economic or community development. Voter approval would be required to issue bonds. Local governments could pass a special sales tax to repay the bonds. The tax rate could not be more than one cent ($0.01). The tax could not be repealed until the bonds were repaid. When not needed for bond repayment the tax could be suspended. This measure would also allow regional economic development districts to be created by laws. The districts could issue bonds. The procedures by which regional economic development district bonds could be issued may be specified by the Legislature. | ” |
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
 |
State of Oklahoma Oklahoma City (capital) |
|---|---|
| Elections |
What's on my ballot? | Elections in 2025 | How to vote | How to run for office | Ballot measures |
| Government |
Who represents me? | U.S. President | U.S. Congress | Federal courts | State executives | State legislature | State and local courts | Counties | Cities | School districts | Public policy |
