Oregon Public Universities Receive Equity for Publicly Created Technology, Ballot Measure 11 (May 2002)
This measure passed at the May 2002 Primary Election.
Net bond proceeds, which may not exceed $200 million, would finance statewide medical and technology research, and other capital costs, for Oregon Health and Science University (OHSU). Bond proceeds may not be used for OHSU operating expenses.
The measure limits the amount of the indebtedness incurred under this measure to one-half of one percent of the real market value of all property in the state. Measure specifies sources of repayment: General Fund, lottery funds, tobacco settlement funds, and amounts appropriated from other sources, but not including ad valorem property taxes.
Authorizes Less Expensive General Obligation Bond Financing For OHSU Medical Research And Other Capital Costs
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