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

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                           (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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