OR · constitutions
Or. Const. art. XI-M, § 2
Sources of repayment
The principal, premium, if any, interest and other amounts payable with respect to the general obligation bonds issued under section 1 of this Article must be repaid as determined by the Legislative Assembly from the following sources:
(1) Amounts appropriated for the purpose by the Legislative Assembly from the General Fund, including taxes, other than ad valorem property taxes, levied to pay the bonds;
(2) Amounts allocated for the purpose by the Legislative Assembly from the proceeds of the State Lottery or from the Master Settlement Agreement entered into on November 23, 1998, by the State of Oregon and leading United States tobacco product manufacturers; and
(3) Amounts appropriated or allocated for the purpose by the Legislative Assembly from other sources of revenue.
History
[Created through S.J.R. 21, 2001, and adopted by the people Nov. 5, 2002]
Provenance
- Source
- oregonlegislature.gov
- Retrieved
- 2026-09-24
- Edition
- 2026-09-24
- Content hash
13e6724b9273bc32db7cee0a1673638282c4fec0767264f581b320fe6935cc0c
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