TITLE

Arizona to Vote on Boost in Bonding Capacity

AUTHOR(S)
Watts, Jim
PUB. DATE
August 2006
SOURCE
Bond Buyer;8/1/2006, Vol. 358 Issue 32435, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that voters in Arizona will be asked in November 2006 to increase the general obligation (GO) bonding capacity available to local governments for transportation and public safety projects. Passed by the Legislature on the final day of its 2006 session, Proposition 104 would amend Article IX, Section 8 of the state constitution so that cities, towns, counties, and rural fire and emergency districts could issue GO bonds for those purposes at up to 20% of the secondary property valuations.
ACCESSION #
21888522

 

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