State Question 764 would allow the Oklahoma Water Resources Board to issue up to $300 million in bonds to pay for certain water resource and sewage treatment programs. The Legislature would be responsible for funding debt service on the loans from the state budget.
• A Yes vote — enables the Water Resources Board to issue bonds
• A No vote — would keep the Water Resources Board from issuing bonds
State Question 765 would eliminate the Department of Human Services, the Oklahoma Human Services Commission, and the director allowing the Legislature to create a department to administer and carry out laws to provide for the care of the aged and the needy.
A Yes vote — abolishes DHS and allows lawmakers to reinvent the agency
A No vote — would leave DHS intact as it currently operates
State Question 766 would make all intangible property exempt from taxes. Currently only an enumerated list of intangible property is exempt from taxation such as stocks and bonds. This amendment would exempt other items such as patents, contracts, mineral interests, and trademarks.
• A Yes vote — exempts all intangible property from taxation
• A No vote — maintains only certain intangible property as exempt from taxation