Oregon Const. art. XI-L, § 2

Oregon Constitution

Article XI-L, § 2 — Sources of repayment

This text of Oregon Const. art. XI-L, § 2 (Sources of repayment) is published on Counsel Stack Legal Research, covering Oregon primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

JurisdictionOregon DocumentConstitution

ArticleXI-L

Section§ 2

CitationOregon Const. art. XI-L, § 2

Bluebook

Or. Const. art. XI-L, § 2.

Full Text

The principal, premium, if any, interest and any other amounts payable with respect to bonds issued under section 1 of this Article shall be repaid as determined by the Legislative Assembly from the following sources: (1) Amounts appropriated for such purpose by the Legislative Assembly from the General Fund, including any taxes levied to pay the bonds other than ad valorem property taxes; (2) Amounts allocated for such 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 such purpose by the Legislative Assembly from other sources of revenue.

Add this to your briefcase to access full text.

The principal, premium, if any, interest and any other amounts payable with respect to bonds issued under section 1 of this Article shall be repaid as determined by the Legislative Assembly from the following sources: (1) Amounts appropriated for such purpose by the Legislative Assembly from the General Fund, including any taxes levied to pay the bonds other than ad valorem property taxes; (2) Amounts allocated for such 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 such purpose by the Legislative Assembly from other sources of revenue.

History

Created through H.J.R. 19, 2001, and adopted by the people May 21, 2002

Cite This Page — Counsel Stack

Bluebook (online)

Oregon Const. art. XI-L, § 2, Counsel Stack Legal Research, https://law.counselstack.com/constitution/or/XI-L/2.