Oklahoma, USA, regional Obligatory referendum [LOR] - Submission to the people - Authorization of debt

General Typology

Instrument
Obligatory referendum [LOR]
Location
Oklahoma, USA
Political level
regional
Local Name:
Submission to the people - Authorization of debt
Normative Level:
constitutional
Legally Binding:
yes
Legally Defined:

SECTION X-25
Authorization of debt - Annual tax - Submission to voters - Final passage.
Except the debts specified in sections twenty-three and twenty-four of this article, no debts shall be hereafter contracted by or on behalf of this State, unless such debt shall be authorized by law for some work or object, to be distinctly specified therein; and such law shall impose and provide for the collection of a direct annual tax to pay, and sufficient to pay, the interest on such debt as it falls due, and also to pay and discharge the principal of such debt within twenty-five years from the time of the contracting thereof. No such law shall take effect until it shall, at a general election, have been submitted to the people and have received a majority of all the votes cast for and against it at such election. On the final passage of such bill in either House of the Legislature, the question shall be taken by yeas and nays, to be duly entered on the journals thereof, and shall be: "Shall this bill pass, and ought the same to receive the sanction of the people?"

References: Constitution of the State of Oklahoma 1907 (accessed 8 August 2017)

Subject Matter:

To authorize debt

Actors

Author:
Lagislature
Initiator:
Law
Decision maker:
Electorate

Requirements

Available Time:
Turnout Quorum:
No turnout quorum found in legal source
Approval Quorum:
Majority of votes cast
Geographical Quorum:
No geographical quorum found in legal source
Excluded Issues:

Debts specified in sections twenty-three and twenty-four of constitution

Other Formal Requirements:

Procedural Elements

Wording Of Ballot Question:
Interaction With Authorities:
Supervision And Support:
Transparency And Finance:

Practice

Archive:
Remarks: