Proposed constitutional amendment to require voter approval for dedicated revenue source for State transportation system bonds.
This concurrent resolution proposes to amend the State Constitution to require voter approval of a dedicated revenue source anytime the State or any State entity borrows money by issuing bonds for the purposes of paying or financing the cost of planning, acquisition, engineering, construction, reconstruction, repair, and rehabilitation of the State’s transportation system. The amendment specifies that the dedicated revenue source must be identified and approved by a majority of the legally qualified voters of the State.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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