Article XI-I(2), Oregon Constitution

Oregon Constitution
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Article XI-I(2) of the Oregon Constitution is entitled Multifamily Housing for Elderly and Disabled and consists of four sections.

Section 1

Text of Section 1: State Empowered to Lend Credit for Multifamily Housing for Elderly and Disabled Persons In the manner provided by law and notwithstanding the limitations contained in section 7, Article XI of this Constitution, the credit of the State of Oregon may be loaned and indebtedness incurred in an amount not to exceed, at any one time, one-half of one percent of the true cash value of all taxable property in the state to provide funds to be advanced, by contract, grant, loan or otherwise, for the purpose of providing additional financing for multifamily housing for the elderly and for disabled persons. Multifamily housing means a structure or facility designed to contain more than one living unit. Additional financing may be provided to the elderly to purchase ownership interest in the structure or facility.

Amendments

• Created through H.J.R. 61, 1977, and adopted by the people May 23, 1978.
• Amendment proposed by S.J.R. 34, 1979, and adopted by the people May 20, 1980.
• Amendment proposed by H.J.R. 1, 1981, and adopted by the people May 18, 1982.

Section 2

	Text of Section 2: Sources of Revenue The bonds shall be payable from contract or loan proceeds; bond reserves; other funds available for these purposes; and, if necessary, state ad valorem taxes.

Amendments

• Created through H.J.R. 61, 1977, and adopted by the people May 23, 1978.

Section 3

	Text of Section 3: Bonds Bonds issued pursuant to section 1 of this Article shall be the direct obligations of the state and shall be in such form, run for such periods of time and bear such rates of interest as shall be provided by law. The bonds may be refunded with bonds of like obligation.

Amendments

• Created through H.J.R. 61, 1977, and adopted by the people May 23, 1978.

Section 4

	Text of Section 4: Legislation to Effectuate Article The Legislative Assembly shall enact legislation to carry out the provisions of this Article. This Article shall supersede all conflicting constitutional provisions.

Amendments

• Created through H.J.R. 61, 1977, and adopted by the people May 23, 1978.

See also

• State constitution
• Constitutional article
• Constitutional amendment
• Constitutional revision
• Constitutional convention
• Amendments
  • Initiated constitutional amendment
  • Legislatively-referred constitutional amendment
  • Publication requirements for proposed state constitutional amendments
  • Rules about constitutional conventions in state constitutions
  • State constitutional articles governing state legislatures

External links

Suggest a link

• Oregon State Legislature, "Constitution of Oregon"
• State of Oregon Blue Book, "Constitution of Oregon: 2011 Version"

Additional reading

• Johnson, David Alan. (1992). Founding the Far West: California, Oregon, and Nevada, 1840-1890, Berkley, California: University of California Press
• Carey, Charles Henry. (1922). History of Oregon, Portland, Oregon: The Pioneer Historical Publishing Company