The Oregon Indebtedness for Power Development Amendment, also known as Measure 4, was on the November 6, 1962 ballot in Oregon as a legislatively-referred constitutional amendment, where it was approved. The measure based the debt limit regarding power development on one and a half percent of trust cash value of all taxable property within the state. Prior, the debt limit for such was based on six percent of assessed valuation of all taxable property within the state.
| Oregon Measure 4 (1962)|
| Yes|| 298,255|| 58.83%|
Election results via: Oregon Blue Book
Text of measure
The language appeared on the ballot as:
4. POWER DEVELOPMENT DEBT LIMIT AMENDMENT - Purpose: Amends constitutional debt limit for power development purposes from 6% assessed valuation to 1 1/2% true cash value of all taxable property in state.
- State Senator Al Flegel
- State Representative Richard Eymann
- State Representative W.O. Kelsay