INITIATIVE NO. 276 ‑- LIMITATIONS ON ELECTORAL CAMPAIGN EXPENDITURES (1) The provisions of § 14 (2) of Initiative No. 276 setting limits upon campaign expenditures in connection with ballot propositions apply to excess property tax levy campaigns in all school districts including those having less than 5,000 registered voters. (2) Section 14 (2) of Initiative No. 276 does not limit the total amounts which may be expended by all political committees either in support of, or in opposition to, a school district's excess levy proposition; instead, it separately limits the combined expenditures of all such committees working for the proposition and those of all such committees working against it. (3) The limitation set forth in § 14 (2) of Initiative No.276 for less than state‑wide ballot propositions is based upon the number of voters registered in the constituency in which the election is being held ‑ without regard to the number of voters actually voting on the proposition in question.