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Oregon Measure 10, Private Investment in Public University Technology Amendment (May 2002)
| Oregon Measure 10 | |
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| Election date |
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| Topic Education |
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| Status |
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| Type Legislatively referred constitutional amendment |
Origin |
Oregon Measure 10 was on the ballot as a legislatively referred constitutional amendment in Oregon on May 21, 2002. It was approved.
A "yes" vote supported allowing Oregon’s public universities and colleges to receive stock in exchange for technology they create. |
A "no" vote opposed allowing Oregon’s public universities and colleges to receive stock in exchange for technology they create. |
Election results
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Oregon Measure 10 |
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| Result | Votes | Percentage | ||
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608,640 | 77.47% | ||
| No | 177,004 | 22.53% | ||
Text of measure
Ballot title
The ballot title for Measure 10 was as follows:
| “ | AMENDS CONSTITUTION: ALLOWS PUBLIC I U UNIVERSITIES TO RECEIVE EQUITY IN PRIVATE COMPANIES AS COMPENSATION FOR PUBLICLY CREATED TECHNOLOGY RESULT OF “YES” VOTE: “Yes” vote allows Oregon public universities to receive equity (stock) for technology that schools create and to hold certain stocks invested in Oregon technology development. RESULT OF “NO” VOTE: “No” vote rejects proposal allowing Oregon public universities to receive equity (stock) for technology that schools create or hold stocks invested in Oregon technology development. SUMMARY: Currently, the Oregon Constitution prohibits the state from subscribing to or being interested in the stock of any company. The Constitution provides exceptions to that provision, allowing public colleges and universities to receive, hold, dispose of and receive dividends from stocks donated or bequeathed for higher education purposes. This measure amends the Oregon Constitution, allowing public colleges and universities to be compensated with stock when private companies use technology the schools created. The measure also allows public colleges and universities to hold stock received before December 5, 2002, if that stock was received as a state asset invested in the creation or development of technology within Oregon. The measure does not permit the use of taxpayer money for speculation or investment in the stock market. 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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