Oregon Measure 4, Bonds for Creation of Domestic Water Fund Amendment (May 1978)
| Oregon Measure 4 | |
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| Election date |
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| Topic Bond issues and Water |
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| Status |
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| Type Legislatively referred constitutional amendment |
Origin |
Oregon Measure 4 was on the ballot as a legislatively referred constitutional amendment in Oregon on May 23, 1978. It was defeated.
A "yes" vote supported authorizing bonded indebtedness up to one-half percent of the true cash value of property in the state to acquire local government obligations linked to public water systems. |
A "no" vote opposed authorizing bonded indebtedness up to one-half percent of the true cash value of property in the state to acquire local government obligations linked to public water systems. |
Election results
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Oregon Measure 4 |
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| Result | Votes | Percentage | ||
| Yes | 148,822 | 29.72% | ||
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351,843 | 70.28% | ||
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- Results are officially certified.
- Source
Text of measure
Ballot title
The ballot title for Measure 4 was as follows:
| “ | DOMESTIC WATER FUND CREATED —Purpose: Amends state constitution to permit bonded indebtedness up to one-half percent true cash value of property in the state. Funds raised from such bonds to be used by state to acquire local government obligations issued to pay for public water systems. Bonds will be repaid by local governments using the Fund, or by replacement revenue provided by the Legislature. Bonds guaranteed by statewide ad valorem tax in case of default. Enabling legislation required. "ESTIMATE OF FINANCIAL EFFECTS: Based on an estimate of Oregon’s 1978 taxable property this constitutional amendment would establish a maximum bonding limitation of $221.2 million to provide for the Domestic Water Fund.” | ” |
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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