30 | 33 | | RESOLUTION NO. 36 By: Montgomery of the Senate |
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32 | 35 | | and |
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33 | 36 | | |
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34 | 37 | | Boatman of the House |
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36 | 39 | | |
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37 | 40 | | |
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39 | 42 | | |
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40 | 43 | | [ proposed amendment to Section 35 of Article X of |
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41 | 44 | | the Oklahoma Constitution - levy appropriations for |
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42 | 45 | | community and economic development - ballot title - |
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43 | 46 | | filing ] |
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45 | 48 | | |
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47 | 50 | | |
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48 | 51 | | BE IT RESOLVED BY THE SENATE AND THE HOUSE OF REPRESENTATIVES OF THE |
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49 | 52 | | 2ND SESSION OF THE 58TH OKLAHOMA LEGISLATURE: |
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50 | 53 | | SECTION 1. The Secretary of State shall refer to the people for |
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51 | 54 | | their approval or rejection, as and in the manner provided by law, |
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52 | 55 | | the following proposed amendment to Section 35 of Article X of the |
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53 | 56 | | Oklahoma Constitution to read as follows: |
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54 | 57 | | Section 35. (a) Any incorporated town and any county may |
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55 | 58 | | issue, by and with the consent of the majority of the registered |
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56 | 59 | | voters of said municipality or county voting on the question at an |
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57 | 60 | | election held for the purpose, bonds in sums provided by such |
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58 | 61 | | majority at such election for economic development or communi ty |
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59 | 62 | | development purposes, as may be defined by law, within or near the |
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60 | 63 | | said municipality or county holding the election. |
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87 | 91 | | (b) Such bonds shall bear interest at a rat e as set by law and |
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88 | 92 | | shall be sold in a manner prescribed by law. |
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89 | 93 | | (c) Any incorporated town an d any county may appropriate, by |
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90 | 94 | | and with the consent of the majority of the registered voters of |
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91 | 95 | | said municipality or county v oting on the question at an electio n |
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92 | 96 | | held for the purpose, proceeds in sums provided by such majority at |
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93 | 97 | | such election for qualified economic development or community |
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94 | 98 | | development purposes including economic or industrial development |
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95 | 99 | | authorities or agencies, as may be defined by law, within or near |
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96 | 100 | | the municipality or county holding the election. |
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97 | 101 | | (d) To provide for the payment o f all such appropriations or |
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98 | 102 | | bonds outstanding, principal, and interest as they mature, the |
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99 | 103 | | municipality or county may: |
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100 | 104 | | (1) levy a special tax, paya ble annually, in a total amount not |
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101 | 105 | | to exceed five (5) mills on the dollar for the issuance of bonds , as |
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102 | 106 | | provided in subsection (a) of this section, and two (2) mills of the |
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103 | 107 | | five (5) mills on the dollar for appropriations, as provided in |
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104 | 108 | | subsection (c) of this section , in addition to the legal rate |
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105 | 109 | | permitted, on the real and personal taxable property therein; |
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106 | 110 | | provided, however, that in no event shall the real and personal |
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107 | 111 | | taxable property in any city or town be subject to a special tax in |
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108 | 112 | | excess of five (5) mills for b onds and appropriations issued |
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109 | 113 | | hereunder; |
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136 | 141 | | (2) levy a special sales tax, payable as may be prescr ibed by |
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137 | 142 | | law, in a total amount not to exceed one cent ($0.01) on the dollar, |
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138 | 143 | | in addition to the legal rat e permitted, upon the sale of tangible |
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139 | 144 | | personal property and services, not otherwise exempted by law; |
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140 | 145 | | (3) apportion revenues pursuant to Section 6C of Article X of |
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141 | 146 | | the Constitution, in a manner prescribed by law; or |
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142 | 147 | | (4) implement any combination of paragra phs (1) through (3) of |
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143 | 148 | | this subsection. |
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144 | 149 | | Provided, however, that the source or sources of revenue and the |
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145 | 150 | | irrevocable pledge thereof shall be set forth in the ballot. |
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146 | 151 | | (d) (e) Such bonds shall be issued under terms prescribed by |
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147 | 152 | | law. |
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148 | 153 | | (e) (f) (1) The governing body o f the municipality or the |
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149 | 154 | | county commissioners of the county shall exercise jurisdiction over |
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150 | 155 | | the sale or exchange of any such bonds voted by the elect ors at an |
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151 | 156 | | election held for that purpose and shall expend economically the |
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152 | 157 | | funds so provided. |
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153 | 158 | | (2) In the expenditure and use of proceeds from the sale of |
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154 | 159 | | said bonds, the said governing body is hereby authorized and |
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155 | 160 | | directed to coordinate its industrial dev elopment plans and projects |
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156 | 161 | | insofar as practicable with similar plans and projects of local |
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157 | 162 | | industrial development agencies and the Oklahoma Industrial F inance |
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158 | 163 | | Authority, as set forth in Section 34 of Article X of the |
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159 | 164 | | Constitution, so as to supplement fund s to be derived from these and |
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186 | 192 | | other sources, including federal aid available to economically |
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187 | 193 | | depressed areas, if any; and to the extent that federal req uirements |
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188 | 194 | | shall require subordination of liens securing loans from the |
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189 | 195 | | Oklahoma Industrial Finance Auth ority or from other sources, as a |
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190 | 196 | | condition to the obtaining of such federal aid, the same is hereby |
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191 | 197 | | approved and authorized. |
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192 | 198 | | (f) (g) The election on the proposed appropriation or the |
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193 | 199 | | issuance of such bonds shall be held at such time as the governing |
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194 | 200 | | body of the municipality may designate by ordinance, or as the |
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195 | 201 | | county commissioners of the county may designate by order, which |
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196 | 202 | | ordinance or order shall state the sum total of issue or |
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197 | 203 | | appropriation, the dates of the appropriations or maturities |
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198 | 204 | | thereof, and shall fix the date of election so that it shall not |
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199 | 205 | | occur earlier than thirty (30) days after the passage of the said |
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200 | 206 | | ordinance or the granting of said order. All elections called |
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201 | 207 | | pursuant to this section shall be conducted by the appropriate |
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202 | 208 | | county election board or boards pursuant to the general election |
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203 | 209 | | laws of the state. The said election shall be held and conducted, |
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204 | 210 | | the vote thereof canvassed, and the re sult thereof declared under |
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205 | 211 | | the law and in the manner now or hereafter provided for municipal |
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206 | 212 | | elections when the election is held by a municipality, and in the |
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207 | 213 | | manner now or hereafter provided for county elections when the |
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208 | 214 | | election is held by a county, so far as the same may be applicable, |
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209 | 215 | | except as herein otherwise provided. Notice of the election shall |
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236 | 243 | | be given by the mayor of the municipality or by the county |
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237 | 244 | | commissioners of the county by advertisement weekly for at least |
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238 | 245 | | four times in some newspaper h aving a bona fide circ ulation in the |
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239 | 246 | | said municipality or county, with the last publication to be not |
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240 | 247 | | less than ten (10) days prior to the date of the said election. |
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241 | 248 | | Only registered voters of the said municipality or county shall have |
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242 | 249 | | a right to vote at t he said election. The result of the said |
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243 | 250 | | election shall be proclaimed by the mayor of the municipality or by |
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244 | 251 | | the county commissioners of the county, and the result as proclaimed |
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245 | 252 | | shall be conclusive, unless attacked in the courts within thirty |
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246 | 253 | | (30) days after the date of such p roclamation. |
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247 | 254 | | (g) (h) The tax levies or revenue apportionment associated with |
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248 | 255 | | bonds issued pursuant to this section and the pledge thereof, may |
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249 | 256 | | not be revoked during the term of such bonds; provided, however, the |
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250 | 257 | | municipality or county ma y, from time to time, s uspend the |
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251 | 258 | | collection of such levy or apportioned revenues when not required |
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252 | 259 | | for the payment of its bonds. |
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253 | 260 | | (h) (i) The Legislature may provide by law for the creation of |
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254 | 261 | | regional economic development districts, comprised of two or more |
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255 | 262 | | municipalities or counti es, or a combination of one or more |
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256 | 263 | | municipalities and counties, and may specify the terms and |
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257 | 264 | | conditions under which the bonds or appropriations authorized in |
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258 | 265 | | this section may be issued by municipalities and counties located |
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259 | 266 | | within such districts. The provisions of paragr aph (f) of this |
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286 | 294 | | section shall not apply to any appropriations or bonds issued in |
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287 | 295 | | accordance with this paragraph unless such provisions are made |
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288 | 296 | | expressly applicable by law. |
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289 | 297 | | SECTION 2. The Ballot Title for the proposed Constitutional |
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290 | 298 | | amendment as set forth in SECTION 1 of this resolution shall be in |
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291 | 299 | | the following form: |
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292 | 300 | | BALLOT TITLE |
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293 | 301 | | Legislative Referendum N o. ____ State Question No. ____ |
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294 | 302 | | THE GIST OF THE PROPOSITION IS AS FOLLOWS: |
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295 | 303 | | This measure amends Section 35, Article 10 of the Oklahoma |
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296 | 304 | | Constitution, which authorizes municipal and county levies of |
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297 | 305 | | tax to provide payments on the issuance of bonds for community |
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298 | 306 | | and economic development purposes. The amendment expands the |
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299 | 307 | | use of these levies to include appropriations funds for |
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300 | 308 | | community economic and development purposes including |
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301 | 309 | | appropriations to economic or industrial development authorities |
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302 | 310 | | or agencies. Approval of the appropriations are subject to the |
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303 | 311 | | same requirements as those for the issuance of b onds. The |
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304 | 312 | | amendment provides the same options for tax levies as those for |
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305 | 313 | | the issuance of bonds, except the levy for real and personal |
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306 | 314 | | property is limited to two mills on the dollar. |
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307 | 315 | | SHALL THE PROPOSAL BE APPROVED? |
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308 | 316 | | FOR THE PROPOSAL — YES _____________ |
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309 | 317 | | AGAINST THE PROPOSAL — NO _____________ |
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310 | 318 | | |
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