Oregon Ballot Measure 29 (2003)

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Oregon Ballot Measure 29 (2003) or House Joint Resolution (HJR) 18, was on the September 16, 2003 ballot in Oregon as a legislatively-referred constitutional amendment where it was approved.

Measure 29 authorized the State of Oregon to incur debt to finance the pension liabilities of the state at a lower cost to the state and to pay costs of issuing and incurring indebtedness. The measure authorizes the Legislative Assembly to enact implementing legislation.

  • Yes: 360,290 Approved
  • No: 291,778

The measure specifies that indebtedness authorized by the measure is a general obligation of the state, backed by the full faith and credit and taxing power of the state, except ad valorem taxing power. The measure limits the amount of indebtedness outstanding at any time to one percent of the real market value of property in the state.[1]

Official ballot title

Authorizes State Of Oregon To Incur General Obligation Debt For Savings On Pension Liabilities.[2]

See also

External links

References

  1. ↑ Online Voter Guide from Secretary of State Bill Bradbury. This information provided by the legislature of the 2003 Regular Session.
  2. ↑ Detailed information on this measure from the Sceretary of State
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