Loading chat...
OH HJR9
Joint Resolution
Status
11/9/2016
Primary Sponsor
Ron Amstutz
Click for details
AI Summary
-
Proposes a constitutional amendment to authorize Ohio to issue general obligation bonds for mental health and developmental disabilities facilities, parks and recreation, and state agency housing.
-
Allows the General Assembly to authorize bond issuance and refunding of previously issued obligations under the same purposes, subject to limitations in the proposed Section 2t of Article VIII.
-
Bonds must mature no later than December 31 of the twenty-fifth calendar year after issuance, or if refunding prior debt, by December 31 of the twenty-fifth year after the original debt date.
-
Pledges the state's full faith, credit, revenue, and taxing power to guarantee bond repayment, with debt service exempt from certain constitutional spending restrictions and bond income exempt from state taxation.
-
Requires voter approval by majority vote at the November 7, 2017 general election; takes effect immediately upon adoption by voters.
Legislative Description
Authorize bond issues for facilities
Last Action
Refer to Committee: Government Accountability and Oversight
11/16/2016