Texas Proposition 6, Max Interest Rates for State Bonds Amendment (1982)
| Texas Proposition 6 | |
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| Election date |
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| Topic Bond issue requirements |
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| Status |
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| Type Legislatively referred constitutional amendment |
Origin |
Texas Proposition 6 was on the ballot as a legislatively referred constitutional amendment in Texas on November 2, 1982. It was approved.
A "yes" vote supported the amendment to increase the maximum allowed interest rate on state-issued general obligation bonds to a weighted 12%. |
A "no" vote opposed the amendment to increase the maximum allowed interest rate on state-issued general obligation bonds to a weighted 12%. |
Election results
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Texas Proposition 6 |
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| Result | Votes | Percentage | ||
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1,263,986 | 60.32% | ||
| No | 831,382 | 39.68% | ||
Text of measure
Ballot title
The ballot title for Proposition 6 was as follows:
| “ | The constitutional amendment to change the maximum interest ceiling allowable on public bonds from six percent to 12 percent. | ” |
Full Text
The full text of this measure is available here.
Path to the ballot
- See also: Amending the Texas Constitution
A two-thirds vote was needed in each chamber of the Texas State Legislature to refer the constitutional amendment to the ballot for voter consideration.
The constitutional amendment was introduced into the Texas State Legislature as Senate Joint Resolution 6 during the 2nd called legislative session in 1982.[1]
See also
External links
Footnotes
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State of Texas Austin (capital) |
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