Article XI-Q, Oregon Constitution

Oregon Constitution
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Preamble • I • II • III • IV • V • VI • VII • VIII • IX • X • X-A • XI • XI-A • XI-B • XI-C • XI-D • XI-E • XI-F(1) • XI-F(2) • XI-G • XI-H • XI-I(1) • XI-I(2) • XI-J • XI-K • XI-L • XI-M • XI-N • XI-O • XI-P • XI-Q • XII • XIII • XIV • XV • XVI • XVII • XVIII

Article XI-Q of the Oregon Constitution is entitled Real or Personal Owned or Operated by State and consists of four sections.

Note: Article XI-Q was designated as “Article XI-P” by S.J.R. 48, 2010, and adopted by the people Nov. 2, 2010.

Section 1

Text of Section 1: State empowered to lend credit for real or personal property to be owned or operated by state; refinancing authority (1) 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 to finance the costs of: (a) Acquiring, constructing, remodeling, repairing, equipping or furnishing real or personal property that is or will be owned or operated by the State of Oregon, including, without limitation, facilities and systems; (b) Infrastructure related to the real or personal property; or (c) Indebtedness incurred under this subsection. (2) 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 to refinance: (a) Indebtedness incurred under subsection (1) of this section. (b) Borrowings issued before the effective date of this Article to finance or refinance costs described in subsection (1) of this section.

Amendments

• Created through S.J.R. 48, 2010, and adopted by the people Nov. 2, 2010.

Section 2

Text of Section 2: Limit on indebtedness; general obligation of state (1) Indebtedness may not be incurred under section 1 of this Article if the indebtedness would cause the total principal amount of indebtedness incurred under section 1 of this Article and outstanding to exceed one percent of the real market value of the property in this state. (2) Indebtedness incurred under section 1 of this Article is a general obligation of the State of Oregon and must contain a direct promise on behalf of the State of Oregon to pay the principal, premium, if any, and interest on the obligation. The full faith and credit and taxing power of the State of Oregon must be pledged to payment of the indebtedness. However, the State of Oregon may not pledge or levy an ad valorem tax to pay the indebtedness.

Amendments

• Created through S.J.R. 48, 2010, and adopted by the people Nov. 2, 2010.

Section 3

	Text of Section 3: Legislation to effectuate Article The Legislative Assembly may enact legislation to carry out the provisions of this Article.

Amendments

• Created through S.J.R. 48, 2010, and adopted by the people Nov. 2, 2010.

Section 4

	Text of Section 4: Relationship to conflicting provisions of Constitution This Article supersedes conflicting provisions of this Constitution.

Amendments

• Created through S.J.R. 48, 2010, and adopted by the people Nov. 2, 2010.

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