Article XI-o.
Pension Liabilities

Section 2. Refunding obligations

Refunding obligations

Indebtedness incurred under section 1 of this Article may be refunded with like obligations.

Summary: Allows the state to incur general obligation debt for savings on pension liabilities

Election Date: September 16, 2003

Votes For Ratification: 360209

Votes Against Ratification: 291778

Percent for Ratification: 55%

Percent Against Ratification: 45%

Notes:

Amendment Source: OR 2003 VIP 29

Effective Date Source: