Oregon Measure 12, Bonds for Community Development Amendment (1974)
| Oregon Measure 12 | |
|---|---|
|
|
|
| Election date |
|
| Topic Bond issues and Public economic investment policy |
|
| Status |
|
| Type Legislatively referred constitutional amendment |
Origin |
Oregon Measure 12 was on the ballot as a legislatively referred constitutional amendment in Oregon on November 5, 1974. It was defeated.
A "yes" vote supported authorizing the issuance and sale of bonds up to at 1% of the state's taxable property value to assist cities and counties with community development projects, such as housing, water supplies, streets, lighting, etc. to meet federal financing qualifications. |
A "no" vote opposed authorizing the issuance and sale of bonds up to at 1% of the state's taxable property value to assist cities and counties with community development projects, such as housing, water supplies, streets, lighting, etc. to meet federal financing qualifications. |
Election results
|
Oregon Measure 12 |
||||
|---|---|---|---|---|
| Result | Votes | Percentage | ||
| Yes | 277,723 | 42.43% | ||
|
|
376,747 | 57.57% | ||
Text of measure
Ballot title
The ballot title for Measure 12 was as follows:
| “ | COMMUNITY DEVELOPMENT FUND BONDS - Purpose: Constitutional amendment permitting state bonding to assist cities and counties for Community Development Projects (housing, water supplies, streets, lighting, site preparation, etc.). The purpose of this measure is to assist local government in meeting match requirements in order to qualify for federal financing of community development projects. Total bonds cannot exceed 1% of value of taxable property in the state. Bonds are to be financed in manner specified by legislature or otherwise by state property tax. "ESTIMATE OF FINANCIAL EFFECTS: Based on an estimate of Oregon’s 1974 taxable property, this constitutional amendment would establish a maximum bonding limitation of $276 million for the Community 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
 |
State of Oregon Salem (capital) |
|---|---|
| Elections |
What's on my ballot? | Elections in 2025 | How to vote | How to run for office | Ballot measures |
| Government |
Who represents me? | U.S. President | U.S. Congress | Federal courts | State executives | State legislature | State and local courts | Counties | Cities | School districts | Public policy |
