OH SJR4

Proposes to amend Ohio's constitution to authorize the issuance of general obligation bonds for sewer and water capital improvements by municipalities, counties, townships, and other governmental entities.

Limits total bond issuance to $1 billion in principal amount, with no more than $100 million per fiscal year (plus any unused amounts from prior years).

Bonds must mature within 20 years of issuance and are backed by the full faith, credit, revenue, and taxing power of the state; debt service is exempt from certain constitutional spending limitations.

Eligible improvements include wastewater treatment systems, water supply systems, and stormwater/sanitary collection and treatment facilities, including land acquisition, construction, planning, and equipment costs.

Proposal requires approval by three-fifths of both legislative houses and must be adopted by a majority of voters at the November 6, 2018 general election.