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Oregon Measure Nos. 306-307, Licensing and Acquisition Provisions of the Hydroelectric Commission Referendum (1948)
| Oregon Measure Nos. 306-307 | |
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| Election date |
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| Topic Administration of government and Energy |
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| Status |
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| Type Veto referendum |
Origin |
Oregon Measure Nos. 306-307 was on the ballot as a veto referendum in Oregon on November 2, 1948. It was defeated.
A "yes" vote supported requiring the hydroelectric commission to establish the maximum rate of return and amortization in licensing and authorizing the state or any municipality to take over any hydroelectric project at fair value, not exceeding net investment. |
A "no" vote opposed requiring the hydroelectric commission to establish the maximum rate of return and amortization in licensing and authorizing the state or any municipality to take over any hydroelectric project at fair value, not exceeding net investment. |
Election results
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Oregon Measure Nos. 306-307 |
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| Result | Votes | Percentage | ||
| Yes | 173,004 | 41.68% | ||
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242,100 | 58.32% | ||
Text of measure
Ballot title
The ballot title for Measure Nos. 306-307 was as follows:
| “ | BILL AMENDING LICENSING AND ACQUISITION PROVISIONS OF HYDROELECTRIC COMMISSION ACT - Purpose: Amending hydroelectric commission act of Oregon requiring commission to set forth the maximum rate of return and amortization in license; providing that state or any municipality thereof shall have right to take over any project at expiration of the original license upon payment of fair value not exceeding net investment; if not taken over, commission may issue new license under then existing laws or extend original license according to the terms and conditions thereof for periods of five years; providing further, upon payment of just compensation state has right to acquire project during any license period of condemnation. | ” |
Full Text
The full text of this measure is available here.
Path to the ballot
The number of signatures required for a veto referendum was equal to 5% of the total votes cast in the last Supreme Court justice election.
See also
External links
Footnotes
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State of Oregon Salem (capital) |
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