Oregon Measure 2, Increase Funds for Veterans' Loans Amendment (1958)
| Oregon Measure 2 | |
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| Topic State and local government budgets, spending, and finance and Veterans policy |
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| Status |
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| Type Legislatively referred constitutional amendment |
Origin |
Oregon Measure 2 was on the ballot as a legislatively referred constitutional amendment in Oregon on November 4, 1958. It was defeated.
A "yes" vote supported increasing bond issuances from four percent to six percent of assessed property value to raise funds for farm and home loans for World War II and the Korean War veterans. |
A "no" vote opposed increasing bond issuances from four percent to six percent of assessed property value to raise funds for farm and home loans for World War II and the Korean War veterans. |
Election results
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Oregon Measure 2 |
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| Result | Votes | Percentage | ||
| Yes | 232,246 | 42.16% | ||
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318,685 | 57.84% | ||
Text of measure
Ballot title
The ballot title for Measure 2 was as follows:
| “ | INCREASING FUNDING FOR WAR VETERANS' LOANS - Purpose: To increase from four percent to six percent of the assessed valuation of all the property in the state as the maximum limitation on the amount of state bonds that may be issued to raise funds to make farm and home loans to World War II and Korean War veterans. (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 $225,000,000. Interest on the additional $75,000,000 would be approximately $2,500,000 per annum. Loan repayments by veterans are expected to be adequate to pay the interest and retire any state bonds issues 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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