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Oregon Measure 3, Bonds for Local Energy Projects Amendment (May 1980)
| Oregon Measure 3 | |
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| Election date |
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| Topic Bond issues and Energy |
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| Status |
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| Type Legislatively referred constitutional amendment |
Origin |
Oregon Measure 3 was on the ballot as a legislatively referred constitutional amendment in Oregon on May 20, 1980. It was approved.
A "yes" vote supported authorizing the issuance and sale of state bonds up to one-half of one percent of value of taxable property in the state for small scale local energy project loans. |
A "no" vote opposed authorizing the issuance and sale of state bonds up to one-half of one percent of value of taxable property in the state for small scale local energy project loans. |
Election results
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Oregon Measure 3 |
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| Result | Votes | Percentage | ||
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394,466 | 58.65% | ||
| No | 278,125 | 41.35% | ||
Text of measure
Ballot title
The ballot title for Measure 3 was as follows:
| “ | STATE BONDS FOR SMALL SCALE LOCAL ENERGY PROJECT LOAN FUND QUESTION—Shall state sell bonds, backed by credit of state, for loan fund for small scale local energy projects? PURPOSE— Constitutional amendment would authorize state to sell bonds, backed by state credit, up to one-half of one percent of value of taxable property in Oregon, to create a loan fund to finance small scale local energy projects. All loans from fund must be secured. If loan repayments are not enough to repay debt, measure requires annual levy on property in Oregon, or other funds made available by legislature, to repay bond principal and interest. ESTIMATE OF FINANCIAL EFFECTS— Based on the Department of Revenue’s certified statement of Oregon’s 1979 taxable property this constitutional amendment would establish a maximum bonding limitation of $295.1 million to provide for the Small Scale Local Energy Project Program. | ” |
Full Text
The full text of this measure is available here.
Path to the ballot
- See also: Amending the Oregon Constitution
A simple majority vote is required during one legislative session for the Oregon State Legislature to place a constitutional amendment on the ballot. That amounts to a minimum of 31 votes in the Oregon House of Representatives and 16 votes in the Oregon State Senate, assuming no vacancies. Amendments do not require the governor's signature to be referred to the ballot.
See also
External links
Footnotes
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State of Oregon Salem (capital) |
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