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Oregon Measure 1, Indebtedness for Water Development Fund Amendment (1977)
| Oregon Measure 1 | |
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| Election date |
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| Topic State and local government budgets, spending, and finance and Water |
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| Status |
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| Type Legislatively referred constitutional amendment |
Origin |
Oregon Measure 1 was on the ballot as a legislatively referred constitutional amendment in Oregon on November 8, 1977. It was approved.
A "yes" vote supported permitting state bonded indebtedness up to 1.5% true cash value of property within the state to create the Water Development Fund to finance loans for water development projects. |
A "no" vote opposed permitting state bonded indebtedness up to 1.5% true cash value of property within the state to create the Water Development Fund to finance loans for water development projects. |
Election results
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Oregon Measure 1 |
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| Result | Votes | Percentage | ||
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124,484 | 51.14% | ||
| No | 118,953 | 48.86% | ||
Text of measure
Ballot title
The ballot title for Measure 1 was as follows:
| “ | WATER DEVELOPMENT LOAN FUND CREATED Purpose: Proposed constitutional amendment permits state bonded indebtedness, limited to one and one half percent true cash value of property in state, to create Water Development Fund. Fund would finance loans for irrigation and drainage projects and water development projects. Secured repayment required. Bonds to be repaid by loan repayment, or, if repayments inadequate, by ad valorem tax levied on all taxable property, or by supplementary or replacement revenue provided by Legislature. 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 $658.5 million to provide for the Water Development 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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