Oregon Const. art. XI-P, § 2

Oregon Constitution

Article XI-P, § 2 — Sources of repayment

Oregon Const. art. XI-P, § 2 (Sources of repayment) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

JurisdictionOregon DocumentConstitution

ArticleXI-P

Section§ 2

CitationOregon Const. art. XI-P, § 2

Bluebook

Or. Const. art. XI-P, § 2.

Full Text

The principal, interest and premium, if any, of the 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 repayment by the Legislative Assembly from the General Fund, including taxes levied to pay the bonds except ad valorem property taxes; (2) Amounts appropriated or allocated for repayment by the Legislative Assembly from other sources of revenue; or (3) Any other available moneys.

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The principal, interest and premium, if any, of the 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 repayment by the Legislative Assembly from the General Fund, including taxes levied to pay the bonds except ad valorem property taxes; (2) Amounts appropriated or allocated for repayment by the Legislative Assembly from other sources of revenue; or (3) Any other available moneys.

History

Created through H.J.R. 13, 2009, and adopted by the people May 18, 2010