The1992Virginia State Elections took place onElection Day, November 3, 1992, the same day as theU.S. Presidential and theU.S. House elections in the state. The only statewide elections on the ballot were one constitutionalreferendum to amend theVirginia State Constitution and threegovernment bondreferendums. Because Virginia state elections are held on off-years, no statewide officers or state legislative elections were held. All referendums werereferred to the voters by theVirginia General Assembly.[1]
This amendment asked voters to approve the creation of the Virginia Revenue Stabilization Fund. ThisFund accumulates money in years when revenuesurpluses grow at above-average rates and can be appropriated in future years when revenues fall short of projected forecasts. After this amendment passed, 10 percent of the Commonwealth's average annualtax revenues was devoted to this fund. This was later expanded to 15 percent in2010.
| Choice | Votes | % |
|---|---|---|
 Yes | 1,568,958 | 72.63 |
| No | 591,385 | 27.37 |
| Total votes | 2,160,343 | 100.00 |
| Source:- Official Results | ||
The Parks and Recreational Facilities Act allows the Commonwealth to sell a maximum of about $95,365,000dollars in bonds for the purpose of raising funds to pay for capital projects atstate-supported parks and recreational facilities.
| Choice | Votes | % |
|---|---|---|
| Yes | 1,466,686 | 66.99 |
| No | 722,840 | 33.01 |
| Total votes | 2,189,526 | 100.00 |
| Source:- Official Results | ||
Voters were asked the following question:
"Shall Chapters 849 and 892, Acts of the General Assembly of 1992, authorizing the issuance of general obligation bonds of the Commonwealth of Virginia In the maximum amount of $45,173,000 pursuant to Article X, Section 9 (b) of the Constitution of Virginia for capital projects formental health facilities, take effect?"
| Choice | Votes | % |
|---|---|---|
| Yes | 1,414,728 | 67.61 |
| No | 677,720 | 32.39 |
| Total votes | 2,092,448 | 100.00 |
| Source:- Official Results | ||
The Educational Facilities Act allows the Commonwealth to sell a maximum of about $472,406,000dollars in bonds for the purpose of raising funds to pay for capital projects atstate-supported colleges,universities,museums and other educational facilities.
| Choice | Votes | % |
|---|---|---|
| Yes | 1,560,499 | 73.74 |
| No | 555,624 | 26.26 |
| Total votes | 2,116,123 | 100.00 |
| Source:- Official Results | ||
