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OK HJR1069

Joint Resolution

Status

Introduced

2/6/2012

Primary Sponsor

Mike Reynolds

Click for details

Origin

House of Representatives

2012 Regular Session

AI Summary

  • Proposes a constitutional amendment to add Section 25A to Article X, restricting how Oklahoma can incur debt by making Section 25 of Article X the exclusive method for most state obligations.

  • Prohibits state entities from incurring debt that requires legislative appropriations beyond one fiscal year or uses tax revenues unless previously approved by voters, with an exception for revenue bonds repaid through user fees and charges.

  • Amendment applies only to obligations incurred on or after January 1, 2013, and does not affect debt issued before that date.

  • Includes specific ballot title language describing the measure's effects on state bonding authority and revenue bond usage.

  • Directs the Chief Clerk of the House to file the resolution with the Secretary of State and Attorney General immediately upon passage.

Legislative Description

Oklahoma Constitution; indebtedness; ballot title; filing.

Public Finance

Last Action

Second Reading referred to Rules

2/7/2012

Committee Referrals

Rules2/7/2012

Full Bill Text

No bill text available