Oregon Measure 4, Bonds for Water Development Fund Amendment (May 1974)
| Oregon Measure 4 | |
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| Election date |
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| Topic Bond issues and Water |
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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 28, 1974. It was defeated.
A "yes" vote supported authorizing the issuance and sale of bonds up to 1.5% of true cash value of all property in the state for a water development fund. |
A "no" vote opposed authorizing the issuance and sale of bonds up to 1.5% of true cash value of all property in the state for a water development fund. |
Election results
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Oregon Measure 4 |
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| Result | Votes | Percentage | ||
| Yes | 198,563 | 37.69% | ||
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328,221 | 62.31% | ||
Text of measure
Ballot title
The ballot title for Measure 4 was as follows:
| “ | AUTHORIZES BONDS FOR WATER DEVELOPMENT FUND— Purpose: This constitutional amendment authorizes the state to issue, sell and refinance bonds, up to 1 1/2 % of true cash value of all property in the state, to create the Water Development Fund. Proceeds would finance loans for construction of municipal and private irrigation and water development projects, and for their operation and maintenance when necessary for state security. The bonds would be funded as the legislature may provide, or by state-wide ad valorem taxes. “ESTIMATE OF FINANCIAL EFFECTS: Based on an estimate of Oregon’s 1975 taxable property, this constitutional amendment would establish a maximum bonding limitation of $406 million for the Water Development Fund.” | ” |
Full Text
The full text of this measure is available here.
Path to the ballot
A simple majority vote is required during one legislative session for the Oregon State Legislature to place a state statute 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. Statutes 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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