OH HJR4

Proposes constitutional amendment adding Section 2t to Article VIII of Ohio Constitution to authorize state bond issuance for unemployment compensation purposes.

Allows General Assembly to issue bonds to pay unemployment benefits when the unemployment compensation fund is or will be depleted.

Allows General Assembly to issue bonds to finance or assist in financing repayment of outstanding federal government advances to the unemployment compensation program, but only if federal interest rates exceed rates the state would obtain.

Pledges state's full faith, credit, revenue, and taxing power to pay debt service on bonds issued under this section with automatic appropriation authority and exemption from certain constitutional limitations on spending.

Makes bonds tax-exempt within the state and requires voter approval at special election on May 8, 2018; takes immediate effect if adopted by majority of voters.