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128th General Assembly, Regular Session, pt. 3 1 (2009-2010)

handle is hein.ssl/ssoh0282 and id is 1 raw text is: A (128th General Assembly) (Substitute Senate Joint Resolution Nmb 1) JOINT RESOLUTION Proposing to enact Section 2r of Article VIII of the Constitution of the State of Ohio to provide compensation to veterans of the Persian Gulf, Afghanistan, and Iraq conflicts. Be it resolved by the General Assembly of the State of Ohio, three-fifths of the members elected to each house concurring herein, that there shall be submitted to the electors of the state, in the manner prescribed by law at the general election to be held on November 3, 2009, a proposal to enact Section 2r of Article VIII of the Constitution of Ohio to read as follows: ARTICLE VIII Section 2r. (A) Upon the request of the department of veterans services. the Ohio public facilities commission shall proceed to issue and sell. from time to time. bonds or other obligations of the state in such amounts as are necessary to provide all or part of the funds as may be required to pay the compnation established by. and the exeses of administering, this section. The original principal amount of obligations so issued shall not exceed two hundred million dollars. pvided that obligations issued under this section to retire or refund obligations previously issued under this section shall not be counted against that issuance limitation. The full faith and credit. revenue. and taxing power of the state is hereby pledged for payment of debt service on such obligations issued under this section. and the state covenants to continue the levy. collection. and application of sufficient state excises. taxes. and revenues to the extent needed for those purposes: provided that moneys referred to in Section 5a of Article XII of the Constitution of the State of Ohio may not be pledged or used for the payment of debt service. As used in this section. debt service means principal and interest and other accreted amounts payable on the obligations authorized by this section. Each obligation so issued shall mature not later than the thirty-first day of December of the fifteenth calendar year after its issuance. except that obligations issued to refund obligations under this section shall mature not later than the thirty-first day of December of the fifteenth calendar year after

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