Your feedback ensures we stay focused on the facts that matter to you most—take our survey.
West Virginia Economic Development Amendment, Amendment 1 (2002)
From Ballotpedia
| Voting on Administration of Government | ||||||
|---|---|---|---|---|---|---|
| ||||||
| Ballot Measures | ||||||
| By state | ||||||
| By year | ||||||
| Not on ballot | ||||||
|
| West Virginia Constitution |
|---|
|
| Preamble |
| Articles |
| I • II • III • IV • V • VI • VII • VIII • IX • X • XI • XII • XIII • XIV |
The West Virginia Economic Development Amendment, also known as Amendment 1, was on the ballot in West Virginia on November 5, 2002, as a legislatively referred constitutional amendment, where it was approved.
Election results
| Amendment 1 (2002) | ||||
|---|---|---|---|---|
| Result | Votes | Percentage | ||
 Yes | 217,589 | 57% | ||
| No | 164,621 | 43% | ||
Text of measure
The language that appeared on the ballot:
| “ | To amend the State Constitution to permit the Legislature by general law to authorize county commissions and municipalities to use a new economic development tool to help create jobs. This tool will permit county commissions and municipalities to assist in financing economic development or redevelopment projects by redirecting specific new property tax revenues from an approved project, or project area or district. These redirected revenues will be used to pay-off revenue bonds or other obligations issued to finance some or all of the cost of the project. This amendment authorizes the financing of some or all of the cost of qualified economic development and redevelopment projects through issuance of county and municipal revenue bonds or other obligations, payable from property taxes assessed on the enhanced value of property located in the economic development or redevelopment project area or district. This proposed amendment does not apply to taxes from excess levies, bond levies or other special levies. Upon payment-in-full of the bonds or other obligations, the property tax revenues revert to the appropriate levying bodies. The term of the bonds or other obligations may not exceed thirty years.[1] | ” |
| —National Conference on State Legislatures[2] | ||
See also
External links
Footnotes
- ↑ Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
- ↑ ncsl.org, "Ballot Measures Database," accessed August 25, 2015
 |
State of West Virginia Charleston (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 |
