Oregon Measure 13, Education Endowment Fund Amendment (May 2002)
| 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 May 21, 2002. It was defeated.
A "yes" vote supported converting the education endowment fund into an education stability fund and transferring $220 million to the School Fund. |
A "no" vote opposed converting the education endowment fund into an education stability fund and transferring $220 million to the School Fund. |
Election results
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Oregon Measure 13 |
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| Result | Votes | Percentage | ||
| Yes | 376,605 | 47.76% | ||
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411,923 | 52.24% | ||
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- Results are officially certified.
- Source
Text of measure
Ballot title
The ballot title for Measure 13 was as follows:
| “ | AMENDS CONSTITUTION: AUTHORIZES USING EDUCATION FUND PRINCIPAL IN SPECIFIED CIRCUMSTANCES; TRANSFERS $220 MILLION TO SCHOOL FUND RESULT OF “YES’’ VOTE: “Yes’’ vote converts education endowment fund to stability fund; authorizes, conditions using fund principal for education; transfers $220 million from fund to School Fund. RESULT OF “NO” VOTE: “No” vote rejects: converting education endowment fund to stability fund; authorizing, conditioning use of fund principal; transferring $220 million from fund to School Fund. SUMMARY: Amends constitution. Under existing law, the state deposits a portion of state lottery proceeds into the education endowment fund; fund’s earnings are used for public education, student assistance; principal is retained in fund. Measure converts education endowment fund to education stability fund. Measure authorizes legislature to use any portion of education stability fund principal for public education if three-fifths of the members of each house of legislature approve, and either (1) legislature makes required finding as to decline in projected state revenue or in seasonally adjusted nonfarm employment, or (2) Governor declares emergency. On May 1, 2003, measure transfers $220 million from stability fund to State School Fund to be used as provided by law for moneys in State School Fund. Other provisions. ESTIMATE OF FINANCIAL IMPACT: The education stability fund will be reduced by $220 million in May 2003. This amount will go into the State School Fund to be distributed to school districts at that time. Earnings on this education stability fund will be reduced by an estimated $10.7 million per year beginning in mid-2003. This measure has no financial effect on 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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