Oregon Measure 5, Increase Veterans' Loan Bonding Amendment (May 1974)
| Oregon Measure 5 | |
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| Election date |
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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 5 was on the ballot as a legislatively referred constitutional amendment in Oregon on May 28, 1974. It was approved.
A "yes" vote supported increasing maximum the issuance and sale of bonds for the War Veterans’ Fund from four percent to six percent of true cash value of all property in the state. |
A "no" vote opposed increasing the maximum issuance and sale of bonds for the War Veterans’ Fund from four percent to six percent of true cash value of all property in the state. |
Election results
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Oregon Measure 5 |
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| Result | Votes | Percentage | ||
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381,559 | 69.82% | ||
| No | 164,953 | 30.18% | ||
Text of measure
Ballot title
The ballot title for Measure 5 was as follows:
| “ | INCREASES VETERANS’ LOAN BONDING AUTHORITY— Purpose: This constitutional amendment increases the amount of indebtedness which the state may incur for the Oregon War Veterans’ Fund, proceeds of which are used for farm and home loans to veterans, from four percent of true cash value of all property in the state, to six percent of such value. “ESTIMATE OF FINANCIAL EFFECTS: Based on an estimate of Oregon’s 1974 taxable property, this constitutional amendment would increase the maximum bonding limitation by $497 million for the Oregon War Veterans’ 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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