A constitutional amendment to authorize the use of revenue bonds to develop and lease property for use by nonprofit enterprises as determined by law.

Nebraska Ballot Measure - Proposed Amendment No. 1

Election: May 11, 2010 (Special)
Outcome: Passed

Yes: 129018  (52.5%)
No: 116708  (47.5%)

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Measure Text

A vote FOR this amendment will authorize the Legislature to permit counties, cities, and villages to acquire, own, develop, and lease or finance real and personal property for use by nonprofit enterprises for nonsectarian, nondevotional, and nonreligious purposes and to issue revenue bonds for such purpose; will prohibit the use of condemnation for acquiring such property and operation of such property as a business by the county, city, or village; and will not authorize the county, city, or village to impose any tax to repay the obligations represented by such revenue bonds.

A vote AGAINST this amendment will not authorize the Legislature to permit counties, cities, and villages to acquire, own, develop, and lease or finance real and personal property for use by nonprofit enterprises or to issue revenue bonds for such purpose.

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