Shall Newport Beach City Charter Section 1109 be amended to require at least fifty-five percent (55%) voter approval prior to issuing Certificates of Participation or Lease Revenue Bonds greater than fifty million dollars ($50,000,000.00) to finance capital projects?
2, Orange County • 2018 • M
Passed
Result: 79.9% yes, 20.1% no (38,250 votes cast)
AI-generated plain-language summary
This charter amendment requires at least 55% voter approval before the city can issue Certificates of Participation or Lease Revenue Bonds exceeding $50 million to finance capital projects. The measure passed with nearly 80% support from voters.