DALLAS -- Colorado's Amendment I could continue to have a chilling effect on future debt issuance in the state, despite a flurry of recent bond issues that had been held up by unsuccessful legal challenges by supporters of the 1992 amendment.

An estimated $437 million in bond issues that were approved by voters in November 1993 to finance various school districts and municipalities had been put on hold after amendment supporters argued that the ballot initiatives were improperly worded.

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