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OH HJR9

Joint Resolution

Status

Introduced

11/9/2016

Primary Sponsor

Ron Amstutz

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Origin

House of Representatives

131st General Assembly (2015-2016)

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

Committee Referrals

Government Accountability and Oversight11/16/2016

Full Bill Text

No bill text available