OH HJR14

Proposes constitutional amendment to authorize Ohio to issue up to $1 billion in general obligation bonds for sewer and water capital improvements for municipalities, counties, townships, and other governmental entities.

Limits bond issuance to $100 million per fiscal year, plus any unissued amounts from prior years, with bonds maturing within 20 years of issuance.

Defines eligible improvements as waste water treatment systems, water supply systems, storm water and sanitary collection/storage/treatment facilities, and related real property and equipment, including acquisition, construction, planning, and equipping costs.

Pledges state's full faith and credit, revenue, and taxing power to debt service payments, and exempts bond obligations and interest from state taxation.

Requires voter approval at the November 6, 2018 general election, with immediate effect upon adoption by majority of voting electors.