Oregon Loan Eligibility of Veterans, Measure 1 (1968)
The Oregon Loan Eligibility of Veterans Amendment, also known as Measure 1, was on the November 5, 1968 ballot in Oregon as a legislatively-referred constitutional amendment, where it was approved. The measure authorized state farm and home loans to veterans who had 210 days of active duty service, 90 days of service during war dates or were discharged due to a disability.
|Oregon Measure 1 (1968)|
Election results via: Oregon Blue Book
Text of measure
The language appeared on the ballot as:
This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.
1. CONSTITUTIONAL AMENDMENT BROADENING VETERANS LOAN ELIGIBILITY - Purpose: Article XI-A amended authorizing farm and home loans to Oregon Veterans with 210 days of active duty service, part of which service occurred after January 31, 1955, or discharged for disability. Application to be made within 20 years after leaving service. World War II and Korean veterans qualify where part of 90 day service occur within war dates.
“ESTIMATE OF FINANCIAL EFFECTS: An estimated 60,000 additional Veterans would be made eligible for Oregon Veterans' farm and home loans upon passage of this amendment, and an approximate 9,000 each year thereafter. To meet the loan needs of this new group, additional bonds would have to be sold in the amount of $3,500,000 prior to June 30, 1969, and $10,000,000 for the following two-year period. This money, plus interest, would be repaid by the Veteran borrowers, so there would be no cost to the State or the taxpayers.”
- State Senator L.W. Newbry
- State Representative Norman R. Howard
- State Representative Leo M. Thornton
- Oregon 1968 ballot measures
- 1968 ballot measures
- List of Oregon ballot measures
- History of Initiative & Referendum in Oregon
- Oregon Blue Book Initiative, Referendum and Recall: 1958-1970
- Oregon State Constitution
- State of Oregon Official Voters' Pamphlet 1968
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