Arkansas Amendment 1 (1998)
From Ballotpedia
Arkansas Amendment 1, also known as the The city and county government short-term financing amendment was on the November 7, 1998 election ballot in Arkansas.
This measure was a legislatively-referred constitutional amendment.
Contents |
1998 election results
| Arkansas Amendment 1 | ||||
|---|---|---|---|---|
| Yes or no | Percentage | |||
| Yes | 48% | |||
 No
| 52% | |||
| Total votes | 100% precincts | |||
Text of the proposal
The language that appeared on the ballot:
Provides that municipalities and counties may incur short-term financing obligations having a term not to exceed five years and bearing interest at either a fixed or variable rate, for the purpose of acquiring, constructing, installing or renting real property or tangible personal property having an expected useful life of more than one year.
