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Oregon Measure 6, Increase Bond Indebtedness for Higher Education Amendment (1960)
| Oregon Measure 6 | |
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| Election date |
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| Topic 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 6 was on the ballot as a legislatively referred constitutional amendment in Oregon on November 8, 1960. It was approved.
A "yes" vote supported allowing the state to increase its bonded indebtedness to construct additional self-liquidating higher education facilities. |
A "no" vote opposed allowing the state to increase its bonded indebtedness to construct additional self-liquidating higher education facilities. |
Election results
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Oregon Measure 6 |
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| Result | Votes | Percentage | ||
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467,557 | 66.67% | ||
| No | 233,759 | 33.33% | ||
Text of measure
Ballot title
The ballot title for Measure 6 was as follows:
| “ | STATE BONDS FOR HIGHER EDUCATION FACILITIES - Purpose: To amend Constitution to permit the state to increase its bonded indebtedness to construct additional self-liquidating higher education facilities. (ESTIMATE OF INCREASED INDEBTEDNESS: The State presently has outstanding the maximum amount of bonds authorized by the Constitution for self- liquidating higher education building projects. This amendment would increase the total allowable to approximately $71,500,000 and permit the issuance of approximately $47,500,000 of new bonds based on the application of the limit to the true cash valuation of January 1, 1960. Principal and interest on the additional $47,500,000 would be approximately $2,600,000 per annum over a 30 year period. Payments by students and other users of higher education facilities are expected to be adequate for the payment of the interest and the retirement of any bonds issued under this 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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