SLP Badge Transparent.png
Read the
State Legislative Tracker
New edition available now!




Oregon War Veterans' Fund Bonding Limits, Measure 5 (1970)

From Ballotpedia
Jump to: navigation, search
Voting on
State and Local
Government Budgets
Spending & Finance
State finance.jpg
Policy
Budget policy
Ballot Measures
By state
By year
Not on ballot
Oregon Constitution
Flag of Oregon.png
Articles
PreambleIIIIIIIVVVIVIIVIIIIXXX-AXIXI-AXI-BXI-CXI-DXI-EXI-F(1)XI-F(2)XI-GXI-HXI-I(1)XI-I(2)XI-JXI-KXI-LXI-MXI-NXI-OXI-PXIIXIIIXIVXVXVIXVIIXVIII

The Oregon War Veterans' Fund Bonding Limits Amendment, also known as Measure 5, was on the November 3, 1970 ballot in Oregon as a legislatively-referred constitutional amendment, where it was approved. The measure increased bonding limits for the Oregon War Veterans’ Fund from 3% to 4% of the true cash value of all property within the state.[1]

Election results

Oregon Measure 5 (1970)
ResultVotesPercentage
Approveda Yes 481,031 78.27%
No133,56421.73%

Election results via: Oregon Blue Book

Text of measure

The language appeared on the ballot as:[1]

5. VETERANS' LOAN AMENDMENT - Purpose: Amends Oregon Constitution to increase bonding limits for the Oregon War Veterans’ Fund from 3% to 4% of the true cash value of all property in the state. This fund is financed by bonds issued by the state, the proceeds of which are loaned to eligible veterans for farm and home purchases.

“ESTIMATE OF FISCAL EFFECTS: This amendment would increase the bonding limits of the Oregon War Veterans fund from 3% to 4% of the true cash value of all property in the State and thus provide in 1971 an estimated $180 million in additional bonding capacity. These additional funds would enable the eligible veterans to receive loans for farm and home purchases. The loan repayments by the veterans are expected to be adequate to pay the interest and retire any state bonds issued under the proposed amendment."

YES □

NO □ [2]

Support

Supporters

  • State Senator W.H. Holmstrom[1]
  • State Representative Doug Graham
  • State Representative Norman R. Howard

See also

BallotpediaAvatar bigger.png
Suggest a link

External links

References

  1. 1.0 1.1 1.2 Oregon State Library, "State of Oregon Official Voters' Pamphlet," accessed December 2, 2013
  2. Note: This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.