Oregon Measure 4, Bonds for Pollution Control Projects Amendment (May 1970)
| Oregon Measure 4 | |
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| Election date |
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| Topic Bond issues and Environment |
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| Status |
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| Type Legislatively referred constitutional amendment |
Origin |
Oregon Measure 4 was on the ballot as a legislatively referred constitutional amendment in Oregon on May 26, 1970. It was approved.
A "yes" vote supported authorizing the issuance and sale of bonds up to one percent of true cash value of all taxable property in the state for pollution control projects. |
A "no" vote opposed authorizing the issuance and sale of bonds up to one percent of true cash value of all taxable property in the state for pollution control projects. |
Election results
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Oregon Measure 4 |
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| Result | Votes | Percentage | ||
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292,234 | 57.75% | ||
| No | 213,835 | 42.25% | ||
Text of measure
Ballot title
The ballot title for Measure 4 was as follows:
| “ | POLLUTION CONTROL BONDS—Purpose: Authorizes bonds up to one percent of true cash value of taxable property in state to provide funds to municipal corporations, cities, counties and agencies of state, or combinations thereof, to construct facilities for control of pollution on land, in air and water of state, such facilities to be at least 70 percent self-supporting and self-liquidating from revenues, gifts, federal grants, user charges, assessments and fees. Supersedes conflicting charter requirements. ESTIMATE OF FINANCIAL EFFECTS: This amendment would allow the state to sell bonds to establish a fund from which loans, advances or grants could be made to local governments to finance pollution abatement and control facilities. Based on the 1971 estimate of Oregon’s taxable property, a maximum of $200 million of bonds could be authorized by the Legislature. The 1969 Legislative Session has authorized up to $50 million of the total limit established by this measure. Average principal and interest payments to amortize a $50 million bond issue over 30 years would be approximately $4 million a year. It is intended that (a maximum of) only 30 percent ($1.2 million a year) of this total cost would be a charge against the state and (at least) 70 percent ($2.8 million a year) of the cost of paying off the bonds would be a charge against local governments which constructed the facilities. The local portion of bond repayments would be financed from federal grants and user fees and assessments—not from property taxes. This amendment would also make it possible for the state to lend its superior credit rating to local governments so that local governments would gain the advantage of lower interest rates. | ” |
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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