Montana Limitation of Municipal Indebtedness Amendment (1950)
| Montana Limitation of Municipal Indebtedness Amendment | |
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| Topic Debt limits and State and local government budgets, spending, and finance |
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| Status |
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| Type Legislatively referred constitutional amendment |
Origin |
Montana Limitation of Municipal Indebtedness Amendment was on the ballot as a legislatively referred constitutional amendment in Montana on November 7, 1950. It was approved.
A "yes" vote supported limiting the amount of debt a city, town, township, or school district can become indebted to more than 5% in the aggregate of the value of taxable property therein, including existing debt. The value of taxable property will be taken from the last assessment for county and state taxes. All bonds or obligations that are more than 5% of that value, given by or on behalf of such city, town, township, or school district, are void. The legislative assembly can extend the limit by authorizing municipal corporations to submit the question, such as to construct a sewerage system or get a water supply, to the relevant voters. The municipality will own and control the said water supply and use the revenue to pay off the debt. |
A "no" vote opposed limiting the amount of debt a city, town, township, or school district can become indebted to more than 5% in the aggregate of the value of taxable property therein, including existing debt. The value of taxable property will be taken from the last assessment for county and state taxes. All bonds or obligations that are more than 5% of that value, given by or on behalf of such city, town, township, or school district, are void. The legislative assembly can extend the limit by authorizing municipal corporations to submit the question, such as to construct a sewerage system or get a water supply, to the relevant voters. The municipality will own and control the said water supply and use the revenue to pay off the debt. |
Election results
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Montana Limitation of Municipal Indebtedness Amendment |
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| Result | Votes | Percentage | ||
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85,300 | 55.83% | ||
| No | 67,491 | 44.17% | ||
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- Results are officially certified.
- Source
Text of measure
Ballot title
The ballot title for Limitation of Municipal Indebtedness Amendment was as follows:
| “ | For the amendment Against the amendment | ” |
Full Text
The full text of this measure is available here.
Path to the ballot
- See also: Amending the Montana Constitution
A two-thirds (66.67%) vote is required of all members of the legislature during one legislative session for the Montana State Legislature to place a constitutional amendment on the ballot. Since Montana has 150 legislators (100 Representatives and 50 Senators), at least 100 members must vote in favor of a constitutional amendment for it to pass. Amendments do not require the governor's signature to be referred to the ballot.
See also
External links
Footnotes
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State of Montana Helena (capital) |
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