The Oregon Increase Debt Limitation for Veterans’ Loans Amendment, also known as Measure 3, was on the May 17, 1977 ballot in Oregon as a legislatively-referred constitutional amendment, where it was approved. The measure increased the debt limitation for the issuance of bonds for veterans’ farm and home loans from six percent to eight percent of the true cash value of property within the state.
| Oregon Measure 3 (May 1977)|
| Yes|| 250,783|| 70.10%|
Election results via: Oregon Blue Book
Text of measure
The language appeared on the ballot as:
3. AUTHORIZES ADDITIONAL VETERANS’ FUND USES
Purpose: Proposed constitutional amendment increases the authorized debt limitation of the state, for the issuance of bonds whose proceeds are to be used for veterans’ farm and home acquisition loans, from six percent to eight percent of the true cash value of property in the state.