CA: Authorize bonds for public infrastructure capital improvement

This constitutional amendment authorizes the state of Ohio to issue up to $2.5 billion in general obligation bonds to fund public infrastructure projects for municipalities, counties, and townships. The funds are restricted to specific capital improvements such as roads, bridges, water and wastewater systems, and waste disposal facilities, with a requirement that up to $250 million be issued each fiscal year. If voters approve the measure, the state can provide these funds through grants or loans to local governments, and the debt will be repaid using the state's taxing power over a period of up to thirty years.