Oregon Ballot Measure 11 (2002)
From Ballotpedia
Oregon Ballot Measure 11 (2002) or House Joint Resolution (HJR) 19 is a legislatively-referred constitutional amendment that authorizes the sale of less expensive general obligation bonds, in place of more expensive revenue bonds previously authorized by the 2001 Legislature under the Oregon Opportunity Act.
Net bond proceeds, which may not exceed $200 million, would finance statewide medical and technology research, and other capital costs, for Oregon Health and Science University (OHSU). Bond proceeds may not be used for OHSU operating expenses.
The measure limits the amount of the indebtedness incurred under this measure to one-half of one percent of the real market value of all property in the state. Measure specifies sources of repayment: General Fund, lottery funds, tobacco settlement funds, and amounts appropriated from other sources, but not including ad valorem property taxes.[1]
Official Ballot Title
Authorizes Less Expensive General Obligation Bond Financing For OHSU Medical Research And Other Capital Costs[2]
Results
This measure passed at the May 2002 Primary Election.
Support and Opposition
No information yet
References
- ↑ Complete summary of Measure 11 from the Secretary of State
- ↑ Detailed information on this measure from the Secretary of State
