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Oregon Measure 55, Guaranteed Earnings on Tuition Trust Fund Amendment (1998)
| Oregon Measure 55 | |
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| Election date |
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| Topic Education and 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 55 was on the ballot as a legislatively referred constitutional amendment in Oregon on November 3, 1998. It was defeated.
A "yes" vote supported authorizing the state to guarantee earnings under tuition trust fund program. |
A "no" vote opposed authorizing the state to guarantee earnings under tuition trust fund program. |
Election results
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Oregon Measure 55 |
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| Result | Votes | Percentage | ||
| Yes | 456,464 | 44.07% | ||
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579,251 | 55.93% | ||
Text of measure
Ballot title
The ballot title for Measure 55 was as follows:
| “ | AMENDS CONSTITUTION: PERMITS STATE TO GUARANTEE EARNINGS ON PREPAID TUITION TRUST FUND RESULT OF “YES" VOTE: Vote “Yes” to authorize state to guarantee earnings under tuition trust fund program. RESULT OF “NO” VOTE: Vote “No" to refuse authorization to guarantee earnings under tuition trust fund program. SUMMARY: Amends Constitution. Measure approval makes effective the Post-secondary Education Expense Program adopted by 1997 Legislature. Program allows payment of undergraduate tuition before enrollment at lower than highest prevailing rate at time of enrollment; establishes trust fund. Measure permits state to exceed constitutional debt limit to authorize indebtedness at 1/2 of one percent of true cash value of all property in state to guarantee minimum benefits on contributions to prepaid tuition trust fund. State may issue bonds; may borrow from Common School Fund, if necessary. ESTIMATE OF FINANCIAL IMPACT: It is estimated that this measure will require approximately $1,200,000 in total start up costs, in state funds, over the first four years of its operation. | ” |
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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