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Real estate amendment passes in Georgia

5:01 AM, Nov 7, 2012   |    comments
(Atlanta Business Chronicle photo)
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(WXIA) -- The second proposed amendment on Georgia's ballot passed Tuesday, allowing state entities to enter into multi-year rental agreements.

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MORE | Complete election results

With 99 percent of precincts reporting, 64 percent of voters approved the amendment while 36 percent voted against it.

Supporters had argued that it would allow the state to negotiate longer leases, which lessen costs. 

RELATED | What do the ballot amendments really mean?

Currently state entities can only lease properties for one year. 

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