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Oregon Measure 13, Bonding Limits for War Veterans' Loans Amendment (1960)
| Oregon Measure 13 | |
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| Election date |
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| Topic State and local government budgets, spending, and finance |
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| Status |
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| Type Legislatively referred constitutional amendment |
Origin |
Oregon Measure 13 was on the ballot as a legislatively referred constitutional amendment in Oregon on November 8, 1960. It was approved.
A "yes" vote supported setting constitutional bonding limits for war veterans’ loans from four percent to three percent true cash value of all property in the state. |
A "no" vote opposed setting constitutional bonding limits for war veterans’ loans from four percent to three percent true cash value of all property in the state. |
Election results
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Oregon Measure 13 |
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| Result | Votes | Percentage | ||
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415,931 | 60.94% | ||
| No | 266,630 | 39.06% | ||
Text of measure
Ballot title
The ballot title for Measure 13 was as follows:
| “ | WAR VETERANS' BONDING AND LOAN AMENDMENT - Purpose: Amends constitutional bonding limits for war veterans’ loans from four percent assessed valuation to three percent true cash value of all property in the state. ESTIMATE OF INCREASED INDEBTEDNESS: The Constitution of Oregon now authorizes the borrowing on the credit of the State of approximately $150,000,000 for farm and home loans to veterans. This amendment would increase the total authorized to approximately $285,000,000. Interest on the additional $135,000,000 would be approximately $34,000 per annum on each $1,000,000 needed. Loan repayments by veterans are expected to be adequate to pay the interest and retire any state bonds issued under the proposed authorization.) | ” |
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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