Our Campaigns - Amendment #2: General Obligation Bond Race

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Amendment #2: General Obligation Bond

RACE DETAILS

Parents

> United States > Alabama > Constitutional Amendments > 2012 Constitutional Amendments > Amendment #2: General Obligation Bond

Office

Constitutional Amendment

Honorific

Constitutional Amendment - Abbr:

Type

Referendum

Filing Deadline

January 01, 2012 - 12:00pm Central

Polls Open

November 06, 2012 - 06:00am Central

Polls Close

November 06, 2012 - 11:00pm Central

Term Start

December 01, 2012 - 12:00pm

Term End

December 31, 2999 - 12:00pm

Contributor

Crimson90

Last Modified

Crimson90 November 06, 2022 09:08pm

Data Sources

[Link]
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Description

Proposing an amendment to the Constitution of Alabama of 1901, as amended, to allow issuance by the State from time to time of general obligation bonds under the authority of Section 219.04 and Section 219.041 to the Constitution of Alabama of 1901, as amended, so long as the aggregate principal amount of all such general obligation bonds at any time outstanding is not in excess of $750 million. This amendment would replace the maximum aggregate principal limitations currently contained in said Sections 219.04 and 219.041. The proposed amendment would also allow issuance by the State of general obligation refunding bonds under the authority of Sections 219.04 and 219.041 to the Constitution of Alabama of 1901, as amended, subject to certain minimum savings thresholds and limitations of maximum average maturity. (Proposed by Act 2012-567)

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