Start Description. Proposes amendment to the State Constitution to allow proposal & approval of laws by initiative without legislative or gubernatorial approval; prescribes requirements for such initiatives; requires extraordinary vote of Legislature to amend or repeal laws approved by voters; provides for Supreme Court review of initiative petitions; & requires ballot statements for such initiatives to include statement of economic impact. End Description. Bill TEXT Points. This Bill has been listed with the following Subjects from Texts:Supreme CourtLegislatureLegislation End Bill TEXT Points.