2002 Initiative Petition Approved for Circulation in Missouri
2002-18 RE: Bonded Indebtedness
State Legislative Chairman
Raytown, MO 64138
Mr. Swofford can be reached by calling (816) 221-5666.
Petition sample form approved for circulation on May 18, 2001.
Official ballot title certified by Secretary of State on September 12, 2001.
OFFICIAL BALLOT TITLE AS CERTIFIED BY SECRETARY OF STATE
Shall article VI, section 26(b) of the Missouri Constitution be amended to require a simple majority instead of a four-sevenths or two-thirds majority vote of the qualified electors of a school district to become indebted in an amount not to exceed fifteen percent of the value of taxable tangible personal property in such school district?
The fiscal impact of this proposal is unknown, as it will depend on the number of ballot issues proposed and the number of ballot issues passed each year.
FULL TEXT OF PROPOSITION AS SUBMITTED BY PETITIONER
THE PROPOSED AMENDMENT TO THE CONSTITUTION OF MISSOURI
Be it resolved by the people of the State of Missouri that the Constitution be amended:
Section A. Section 26(b), article VI, Constitution of Missouri, is repealed and one new section adopted in lieu thereof, to be known as section 26(b), to read as follows:
Section 26(b). Any county, city, incorporated town or village or other political corporation or subdivision of the state, by vote of the qualified electors thereof voting thereon, may become indebted in an amount not to exceed five percent of the value of taxable tangible property therein as shown by the last completed assessment for state or county purposes, except that a school district by a vote of the qualified electors voting thereon may become indebted in an amount not to exceed fifteen percent of the value of such taxable tangible property. For elections referred to in this section the vote required shall be four-sevenths at the general municipal election day, primary or general elections and two-thirds at all other elections; except that for school districts the vote required shall be a simple majority at the general municipal election day or general elections.
EXPLANATION: New matter to be included in the amendment to the Constitution of Missouri is show underlined.