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OH SJR6
Joint Resolution
Status
N/A
Primary Sponsor
Randall Gardner
Click for details
AI Summary
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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.
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Limits bond issuance to $100 million principal per fiscal year, plus any unused amount from prior fiscal years.
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Allocates bond proceeds based on each watershed's proportion of phosphorous loading, with minimum 50% of funds directed to western Lake Erie basin counties.
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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.
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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