Article VIII.
Taxation and Finance

Section 13. Reserve to the treasury

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196819671874

Reserve to the treasury

Summary:

Election Date: April 23, 1968

Votes For Ratification: 1022706

Votes Against Ratification: 614110

Percent for Ratification: 62%

Percent Against Ratification: 38%

Notes:

Amendment Source: PA 1967 Question 2

Effective Date Source:

196819671874

Reserve to the treasury

The moneys held as necessary reserve shall be limited by law to the amount required for current expenses, and shall be secured and kept as may be provided by law. Monthly statements shall be published showing the amount of such moneys, where the same are deposited, and how secured.

Summary:

Election Date: May 16, 1967

Votes For Ratification: 1227214

Votes Against Ratification: 638361

Percent for Ratification: 66%

Percent Against Ratification: 34%

Notes:

Amendment Source: 1967 JR 5

Effective Date Source:

196819671874

Reserve to the treasury

The moneys held as necessary reserve shall be limited by law to the amount required for current expenses, and shall be secured and kept as may be provided by law. Monthly statements shall be published showing the amount of such moneys, where the same are deposited, and how secured.

Summary:

Election Date:

Votes For Ratification:

Votes Against Ratification:

Percent for Ratification: %

Percent Against Ratification: %

Notes:

Amendment Source:

Effective Date Source: