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Alaska Proposition 5, Transportation Construction Bond Measure (1974)

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Alaska Proposition 5

Flag of Alaska.png

Election date

November 5, 1974

Topic
Bond issues and Highways and bridges
Status

ApprovedApproved

Type
Bond issue
Origin

State legislature



Alaska Proposition 5 was on the ballot as a bond issue in Alaska on November 5, 1974. It was approved.

A "yes" vote supported authorizing $37,300,000 in general obligation bonds for highway, ferry, and local service road and trail construction.

A "no" vote opposed authorizing $37,300,000 in general obligation bonds for highway, ferry, and local service road and trail construction.


Election results

Alaska Proposition 5

Result Votes Percentage

Approved Yes

55,138 60.14%
No 36,545 39.86%
Results are officially certified.
Source


Text of measure

Ballot title

The ballot title for Proposition 5 was as follows:

BONDING PROPOSITION NO. 5 (CH. 122 SLA 1974)

State General Obligation Highway, Ferry and Local Service Road and Trail Construction Bonds $37,300,000

Shall the State of Alaska issue its general obligation bonds in the principal amount of not more than $37,300,000 for the purpose of paying the cost of highway, ferry and local service road and trail construction?

Full Text

The full text of this measure is available here.


Path to the ballot

In Alaska, voter approval is required for state bond issues. Exceptions are made for bond issues for capital improvements, housing loans for veterans, or bond issues made for the purpose of "repelling invasion, suppressing insurrection, defending the State in war, meeting natural disasters, or redeeming indebtedness outstanding at the time this constitution becomes effective." State bond issues require the governor's signature to be referred to the ballot.

A simple majority vote is required during one legislative session for the Alaska State Legislature to place a bond issue on the ballot. That amounts to a minimum of 21 votes in the Alaska House of Representatives and 11 votes in the Alaska State Senate, assuming no vacancies.

See also


Footnotes