An unofficial referendum on use of Fobaproa funds was held in Mexico on 30 August 1998.Mexico, 30 August 1998: Use of Fobaproa funds Direct Democracy It was organised by the opposition Party of the Democratic Revolution (PRD), who proposed that only small- and medium-sized businesses would be compensated by the funds. Slightly over 97% voted in favour of the PRD's proposal, and the Chamber of Deputies subsequently agreed to the change on 12 December by a vote of 325 to 159.
Results ChoiceVotes%Government proposal26,4880.89PRD proposal2,903,00497.05Other proposal61,6172.06Invalid/blank votes69,603–Total3,060,712100.00Registered voters/turnout Source: Direct Democracy
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