Section 4e.

(1) On the effective date of this section, all of the moneys in the school capital matching subaccount formerly created under subsection (8) of section 4 of this Article are transferred to the school capital matching fund created under section 4, Article XI-P of this Constitution. Moneys transferred under this section may be used as provided in section 4, Article XI-P of this Constitution.
(2) This section is repealed January 2, 2011.

Summary: Allows votes to approve local district bonds for school capital costs; allows the state to issue bonds and use revenue to help local school districts pay for capital costs

Election Date: May 18, 2010

Votes For Ratification: 498073

Votes Against Ratification: 267052

Percent for Ratification: 65%

Percent Against Ratification: 35%

Notes:

Amendment Source: OR 2010 Primary VIP 68

Effective Date Source: