Section 3. Sources of revenue

Sources of revenue

Ad valorem taxes shall be levied annually upon the taxable property within the State of Oregon in sufficient amount to provide for the prompt payment of bonds issued pursuant to this Article and the interest thereon. The Legislative Assembly may provide other revenues to supplement or replace, in whole or in part, such tax levies.

Summary: Authorizing general obligation bonds for building projects, including up to $25 million for higher education and $5 million for community colleges and education centers

Election Date: May 15, 1964

Votes For Ratification: 327220

Votes Against Ratification: 252372

Percent for Ratification: 56%

Percent Against Ratification: 44%

Notes:

Amendment Source: OR 1964 Primary VIP 1

Effective Date Source: