Article XI-N, § 2 — Sources of repayment
This text of Oregon Const. art. XI-N, § 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.
Full Text
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.
Add this to your briefcase to access full text.
History
Cite This Page — Counsel Stack
Oregon Const. art. XI-N, § 2, Counsel Stack Legal Research, https://law.counselstack.com/constitution/or/XI-N/2.