Ohio would be forced to issue $13 billion in bonds and pay $650 million in management fees over 10 years if a proposed constitutional amendment makes the ballot and voters approve it.
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Constitutional amendment proposed by the Ohio Energy Initiative Commission, LLC:
Require the state to issue $13 billion in bonds over 10 years to fund energy projects
Pay $65 million a year in management fees to the commission
Authorize the commission to decide which projects get funded
Prohibit the Ohio General Assembly from determining how or which projects are funded