Alaska Proposition 1, University Construction Bond Measure (1962)
| Alaska Proposition 1 | |
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| Election date |
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| Topic Bond issues and Education |
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| Status |
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| Type Bond issue |
Origin |
Alaska Proposition 1 was on the ballot as a bond issue in Alaska on November 3, 1962. It was approved.
A "yes" vote supported issuing $5.95 million in bonds for the purpose of constructing buildings for the University of Alaska. |
A "no" vote opposed issuing $5.95 million in bonds for the purpose of constructing buildings for the University of Alaska. |
Election results
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Alaska Proposition 1 |
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| Result | Votes | Percentage | ||
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42,747 | 76.07% | ||
| No | 13,447 | 23.93% | ||
Text of measure
Ballot title
The ballot title for Proposition 1 was as follows:
| “ | Shall the State of Alaska issue its general obligation bonds in the principal sum of not to exceed $5,950,000 bearing interest not to exceed 6% per annum and maturing in not to exceed 30 years from the date of issue for the purpose of paying part or all of the cost of acquiring, constructing, equipping, and making necessary improvements to the academic and related facilities of the University of Alaska? | ” |
Path to the ballot
In Alaska, voter approval is required for state bond issues. Exceptions are made for bond issues for capital improvements, housing loans for veterans, or bond issues made for the purpose of "repelling invasion, suppressing insurrection, defending the State in war, meeting natural disasters, or redeeming indebtedness outstanding at the time this constitution becomes effective." State bond issues require the governor's signature to be referred to the ballot.
A simple majority vote is required during one legislative session for the Alaska State Legislature to place a bond issue on the ballot. That amounts to a minimum of 21 votes in the Alaska House of Representatives and 11 votes in the Alaska State Senate, assuming no vacancies.
See also
External links
Footnotes
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State of Alaska Juneau (capital) |
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