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Constitutional Initiative (CI) 66 and 67, amendments to the Montana constitution, red received lodge and montana the most attention. CI-66 required voter approval realestate of new taxes or fees or increases red and lodge in existing taxes montana or realestate and red and lodge fees. CI-67 required a new tax or fee, or an increase in an existing montana tax or fee, to realestate and red be approved lodge and montana and realestate and red and lodge and montana and realestate by a two-thirds vote of the legislature red and lodge and montana or a vote in excess of two-thirds for the realestate local governing red body levying the tax. lodge CI-67 also contained a budget cap. A two-thirds vote of the legislature would be required montana for appropriations in excess of the actual expenditures in the previous year.
Gem realestate River is red not presently lodge in a position to repay the Notes if a lawful demand is made by holders of the Notes prior to the September 30, 1998 montana due date. The company realestate has an additional red US $1.9 million dollars in unsecured convertible debt outstanding $400,000 of which is due lodge September 30, 1998 and US $1.5 of montana which realestate is not due until October 31, 2000.
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