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  Amendment #2: General Obligation Bond
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Parents > United States > Alabama > Constitutional Amendments > 2012 Constitutional Amendments > Amendment #2: General Obligation Bond
OfficeConstitutional Amendment
HonorificConstitutional Amendment - Abbr:
Type Referendum
Filing Deadline January 01, 2012 - 12:00pm Central
Polls Open November 06, 2012 - 06:00am Central
Polls Close November 06, 2012 - 11:00pm Central
Term Start December 01, 2012 - 12:00pm
Term End December 31, 2999 - 12:00pm
ContributorCrimson90
Last ModifiedCrimson90 November 06, 2022 09:08pm
Data Sources[Link]
[Link]
Description Proposing an amendment to the Constitution of Alabama of 1901, as amended, to allow issuance by the State from time to time of general obligation bonds under the authority of Section 219.04 and Section 219.041 to the Constitution of Alabama of 1901, as amended, so long as the aggregate principal amount of all such general obligation bonds at any time outstanding is not in excess of $750 million. This amendment would replace the maximum aggregate principal limitations currently contained in said Sections 219.04 and 219.041. The proposed amendment would also allow issuance by the State of general obligation refunding bonds under the authority of Sections 219.04 and 219.041 to the Constitution of Alabama of 1901, as amended, subject to certain minimum savings thresholds and limitations of maximum average maturity. (Proposed by Act 2012-567)
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Certified Votes 1,145,034 (69.41%) 504,610 (30.59%)  
Margin0 (0.00%) -640,424 (-38.82%)  
Predict Avg.0.00% 0.00%  
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