Section 3. Sources of revenue

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Sources of revenue

Ad valorem taxes shall be levied annually upon all the taxable property in the state of Oregon in sufficient amount, with the aforesaid revenues, to provide for the payment of such indebtedness and the interest thereon. The legislative assembly may provide other revenues to supplement or replace such tax levies.

Summary: Continues and modernizes the state's authority to use general obligation bonds to finance projects for community colleges and public universities

Election Date: May 18, 2010

Votes For Ratification: 546649

Votes Against Ratification: 216157

Percent for Ratification: 72%

Percent Against Ratification: 28%

Notes:

Amendment Source: OR 2010 Primary VIP 69

Effective Date Source:

Sources of revenue

Ad valorem taxes shall be levied annually upon all the taxable property in the state of Oregon in sufficient amount, with the aforesaid revenues, gifts, grants, or building fees, to provide for the payment of such indebtedness and the interest thereon. The legislative assembly may provide other revenues to supplement or replace such tax levies.

Summary: State can incur additional debt to finance buildings for higher education, and can levy tax to pay indebtedness

Election Date: November 7, 1950

Votes For Ratification: 256395

Votes Against Ratification: 192573

Percent for Ratification: 57%

Percent Against Ratification: 43%

Notes:

Amendment Source: OR 1950 VIP 302

Effective Date Source: