October 20, 2010 Edition

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Ballot issue facts shared

The University of Arkansas Division of Agriculture Public Policy Center has released the following quick facts regarding three ballot issues for the statewide General Election.

Proposed Constitutional Amendment No. 1 provides a constitutional right to hunt, fish, trap and harvest wildlife.

  • State regulation must be consistent with promotion of sound wildlife conservation and management practices and other rules as set forth by the Arkansas Game and Fish Commission.

  • Does not change powers of AGFC or any common law or statute relating to trespass, private property rights, eminent domain, public ownership of property or firearms unrelated to hunting.

  • Set public hunting, fishing and trapping as a preferred means of managing and controlling non-threatened species.

  • Allow use of traditional methods for harvesting wildlife.

Proposed Constitutional Amendment No. 2 concerns interest rate limits and the issuance of government bonds for energy efficiency projects.

  • Remove all interest rate caps on bonds issued or loans made by governmental entities in Arkansas.

  • Remove state imposed interest rate limits on loans made by FDIC-insured institutions subject to federal regulations.

  • Keep 17 percent as maximum annual interest rate charged on other loans or contracts.

  • Eliminate cap of five percent above federal discount rate for all bonds and loans.

  • Give constitutional authority to all government entities in Arkansas to issue energy efficiency project bonds, subject to laws adopted by Arkansas General Assembly.

Proposed Constitutional Amendment No. 3 lowers the threshold for issuing state bonds to attract major industries.

  • Remove limits in Amendment 82 on size of economic development projects eligible for support through issuance of general obligation bonds.

  • Amendment 82 currently allows bond issue for infrastructure and other needs to attract prospective companies planning to invest at least $500 million and hire 500 new employees.

  • Empower Arkansas General Assembly to establish criteria for determining the financing eligibility for economic development projects.

  • Costs associated with the bonds will continue to be paid using general or special revenues appropriated by Arkansas General Assembly.

For more information, including opposing and supporting arguments, contact the Lawrence County Extension Office or visit www.ppc.uaex.edu.

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