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OK HJR1069
Joint Resolution
Status
2/6/2012
Primary Sponsor
Mike Reynolds
Click for details
AI Summary
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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.
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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.
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Amendment applies only to obligations incurred on or after January 1, 2013, and does not affect debt issued before that date.
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Includes specific ballot title language describing the measure's effects on state bonding authority and revenue bond usage.
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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