Ohio proposes broad bond authority for public capital improvements
The General Assembly proposes amending Article VIII to add Section 21 authorizing state and agency bonds for highways water pollution control higher education parks and more. It sets annual and total debt limits designates fund sources and safeguards including tax exemptions and renewal of prior bonds with federal participation and requires voter approval in November 1968. The measure also addresses revenue obligations and home exemption provisions and specifies tax and fiscal terms.
MENTIONED IN THIS ARTICLE
General Assembly
State of
Ohio
World War Compensation Fund
Ohio constitutional amendment on state debt for highways and public works
Text outlines proposed Article VIII Section 21 adding authority to issue bonds and notes for highways and other capital improvements. Limits include annual and total issuance caps for highways, water pollution control, higher education, parks, and more. Revenue obligations may be issued without levy of excises or taxes and not counted against existing debt limits.
MENTIONED IN THIS ARTICLE
State of
Ohio
General Assembly
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