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AL Amendment 6 - Bonding

RACE DETAILS

Parents

> United States > Alabama > Constitutional Amendments > 2022 Constitutional Amendments > Amendment 6 - Bonding

Office

Constitutional Amendment

Honorific

Constitutional Amendment - Abbr:

Type

Referendum

Filing Deadline

May 01, 2022 - 12:00am Central

Polls Open

November 08, 2022 - 07:00am Central

Polls Close

November 08, 2022 - 07:00pm Central

Term Start

November 09, 2022 - 12:00pm

Term End

December 31, 9999 - 11:55pm

Contributor

Mr. Matt

Last Modified

RBH November 29, 2022 05:40pm

Data Sources

[Link]

Description

Authorize Certain Cities to Use Special Property Tax Revenue to Pay for Capital Improvements Directly Amendment

Proposing an amendment to the Constitution of Alabama of 1901, as amended, each municipality authorized under Amendment No. 8 to the Constitution of Alabama of 1901, now appearing Section 216.01 of the Recompiled Constitution of Alabama of 1901, as amended, to levy and collect the ad valorem tax pursuant to Amendment No. 8 for the purpose of paying bonds and the interest thereon, and may also levy and collect such ad valorem tax and utilize such funds for capital improvements on a pay-as-you-go basis at a rate not exceeding the rate then lawfully permitted for the municipality to directly pay the costs of public capital improvements, as well as to pay the principal and interest on bonds, warrants, or other securities issued to finance or refinance the costs of the improvements; and to ratify, validate, and confirm the levy and collection of such tax levied and collected for any of these purposes prior to the ratification of this amendment.

[Link]