Ohio proposes broad bond powers for public capital improvements
The measure amends Article VIII to authorize issuing bonds and notes by the state and state agencies for highways water pollution control higher education parks and other capital projects with caps on annual principal and aggregate outstanding obligations. It also details revenue pledges excises tax treatment and conditions for revenue obligations and notes linked to future funding and federal participation.
MENTIONED IN THIS ARTICLE
Ohio
General Assembly
State of
World War Compensation Fund
Ohio ballot amends Constitution to authorize new capital bonds
The proposal adds Section 21 to the Ohio Constitution authorizing bonds and notes for highways and other public capital improvements. It sets annual and total issuance limits, specifies allocations for water pollution control, higher education, parks, ab orts, and state buildings, and allows revenue obligations secured by pledged receipts not counted as state debts.
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Ohio
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Igher
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