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Measure Details

Proposed Amendment No. 4

Louisiana Ballot Measure - Act No. 873

Election: Nov. 4, 2014 (General)
Outcome: Failed

Categories:
Transportation
Constitution
Finance and Banking

Yes
430,027
(32.48%)

No
894,105
(67.52%)

Summary

Present Constitution prohibits the funds, credit, property or things of value of the state or of any political subdivision from being loaned, pledged or donated, except as otherwise provided by the present constitution and provides certain authorized uses of public funds.

Proposed Constitutional Amendment retains present constitution and authorizes the investment of public funds to capitalize a state infrastructure bank and the loan, pledge, guarantee or donation of public funds by a state infrastructure bank for eligible transportation projects.

Measure Text

Do you support an amendment to authorize the investment of public funds to
capitalize a state infrastructure bank and the loan, pledge, guarantee, or donation
of public funds by a state infrastructure bank for eligible transportation projects?

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