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Oregon Funds for Veterans' Loans, Measure 2 (1958)

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The Oregon Funds for Veterans' Loans Amendment, also known as Measure 2, was on the November 4, 1958 ballot in Oregon as a legislatively-referred constitutional amendment, where it was defeated. The measure would have increased the issuance of bonds amount from four percent to six percent of assessed valuation of property within the state to raise funds for farm and home loans for veterans of World War II and the Korean War.[1]

Election results

Oregon Measure 2 (1958)
ResultVotesPercentage
Defeatedd No318,68557.84%
Yes 232,246 42.16%

Election results via: Oregon Blue Book

Text of measure

The language appeared on the ballot as:[1]

2. INCREASING FUNDING FOR WAR VETERANS' LOANS - Purpose: To increase from four percent to six percent of the assessed valuation of all the property in the state as the maximum limitation on the amount of state bonds that may be issued to raise funds to make farm and home loans to World War II and Korean War veterans.

(ESTIMATE OF INCREASED INDEBTEDNESS: The Constitution of Oregon now authorizes the borrowing on the credit of the State of approximately $150,000,000 for farm and home loans to veterans. This amendment would increase the total authorized to approximately $225,000,000. Interest on the additional $75,000,000 would be approximately $2,500,000 per annum. Loan repayments by veterans are expected to be adequate to pay the interest and retire any state bonds issues under the proposed authorization.)

YES □

NO □

[2]

See also

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References

  1. 1.0 1.1 Oregon State Library, "State of Oregon Official Voters' Pamphlet," accessed November 21, 2013
  2. Note: This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.