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Oregon Measure 15, Bonds for Seismic Rehabilitation of Public Education Buildings Amendment (2002)
| Oregon Measure 15 | |
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| Election date |
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| Topic Bond issues and Earthquake infrastructure |
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| Status |
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| Type Legislatively referred constitutional amendment |
Origin |
Oregon Measure 15 was on the ballot as a legislatively referred constitutional amendment in Oregon on November 5, 2002. It was approved.
A "yes" vote supported authorizing the issuance and sale of general obligation bonds for seismic rehabilitation of public education buildings. |
A "no" vote opposed authorizing the issuance and sale of general obligation bonds for seismic rehabilitation of public education buildings. |
Election results
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Oregon Measure 15 |
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| Result | Votes | Percentage | ||
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671,640 | 55.63% | ||
| No | 535,638 | 44.37% | ||
Text of measure
Ballot title
The ballot title for Measure 15 was as follows:
| “ | AMENDS CONSTITUTION: AUTHORIZES STATE TO ISSUE GENERAL OBLIGATION BONDS FOR SEISMIC REHABILITATION OF PUBLIC EDUCATION BUILDINGS (DEFINED) RESULT OF “YES” VOTE: “Yes” vote would allow state to issue general obligation bonds for seismic rehabilitation of public education buildings (defined): prescribes sources for repayment; authorizes implementing legislation. RESULT OF “NO” VOTE: “No” vote would reject authorization for state to issue general obligation bonds for seismic rehabilitation of public education buildings. SUMMARY: Amends Constitution. Currently, the state constitution forbids the legislature from loaning the state's credit in excess of $50,000, with some exceptions. Measure would allow the state to issue general obligation bonds to assess need for seismic rehabilitation and to conduct seismic rehabilitation of public education buildings. “Public education buildings” defined as buildings owned by State Board of Higher Education, school district, education service district, community college district, or community college service district. Limits amount of indebtedness to one-fifth of one percent of the real market value of all property in the state. 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 implementing legislation. Other provisions. ESTIMATE OF FINANCIAL IMPACT: There is no financial effect on state or local government expenditures or revenues. | ” |
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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