Vote Smart's Synopsis:

Vote to pass a joint resolution that amends the state constitution to limit voter-approval requirements for cities, counties, and public hospitals to incur debt.

Highlights:

- Allows counties and municipalities, upon getting majority approval from the voters, to incur debt to purchase, construct, or refurbish revenue-generating public facilities that are paid for with revenue derived from the fees of the facility (Sec. 1). - Allows public hospitals to incur debt without voter approval for health care operations, so long as tax revenue is not used for repayment (Sec. 1). - Allows counties and municipalities to enter into multiyear contracts for goods, services, output or leasehold interests, so long as the contract does exceed five years and is paid for with revenue derived from user fees, or if the county or municipality can terminate the contract on an annual basis (Sec. 1).

Full Bill Text