Be it resolved by the House of Representatives of the State of Arizona, the Senate concurring:
1. Article
IX, section 8, Constitution of Arizona, is proposed to be amended as follows if
approved by the voters and on proclamation of the Governor:
START_STATUTE8. Local debt limits; assent of taxpayers
Section 8. (1)
No county, city, town, school district, or other municipal corporation shall
for any purpose become indebted in any manner to an amount exceeding six per
centum of the taxable property in such county, city, town, school district, or
other municipal corporation, without the assent of a majority of the property
taxpayers, who must also in all respects be qualified electors, therein voting
at an election provided by law to be held for that purpose, the value of the
taxable property therein to be ascertained by the last assessment for state and
county purposes, previous to incurring such indebtedness; except, that in
incorporated cities and towns assessments shall be taken from the last
assessment for city or town purposes; provided, that under no circumstances
shall any county or school district become indebted to an amount exceeding
fifteen per centum of such taxable property, as shown by the last assessment
roll thereof; and provided further, that any incorporated city or town, with
such assent, may be allowed to become indebted to a larger amount, but not
exceeding twenty per centum additional, for supplying such city or town with
water, artificial light, or sewers, when the works for supplying such water,
light, or sewers are or shall be owned and controlled by the municipality, and
for the acquisition and development by the incorporated city or town of land or
interests therein for open space preserves, parks, playgrounds and recreational
facilities, Public safety, law
enforcement, fire and emergency services facilities and streets and
transportation facilities.
(2) The
provisions of section 18, subsections (3), (4), (5) and (6) of this article
shall not apply to this section. END_STATUTE
2. The
Secretary of State shall submit this proposition to the voters at the next
general election as provided by article XXI, Constitution of Arizona.
