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OH SJR6

Joint Resolution

Status

Prefiled

N/A

Primary Sponsor

Randall Gardner

Click for details

Origin

Senate

132nd General Assembly (2017-2018)

AI Summary

  • Proposes constitutional amendment to authorize issuance of up to $1 billion in state general obligation bonds for clean water improvements including water treatment systems, wastewater treatment, water quality research, and agricultural best management practices.

  • Limits bond issuance to $100 million principal per fiscal year, plus any unused amount from prior fiscal years.

  • Allocates bond proceeds based on each watershed's proportion of phosphorous loading, with minimum 50% of funds directed to western Lake Erie basin counties.

  • Bonds mature within 20 years and are backed by full faith and credit of the state; interest and investment income are tax-exempt within Ohio.

  • Requires voter approval at November 6, 2018 general election; if approved, amendment takes effect immediately.

Legislative Description

Issue bonds for clean water improvements

Finance and Appropriations

Last Action

Refer to Committee: Finance

5/10/2018

Committee Referrals

Finance5/10/2018

Full Bill Text

No bill text available