Bill Text: OR SJR1 | 2013 | Regular Session | Amended

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Proposing amendment to Oregon Constitution to allow indebtedness to finance the corpus of the Oregon Student Opportunity Fund.

Spectrum: Unknown

Status: (Passed) 2013-07-08 - Filed With Secretary of State. [SJR1 Detail]

Download: Oregon-2013-SJR1-Amended.html

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     77th OREGON LEGISLATIVE ASSEMBLY--2013 Regular Session

SA to SJR 1

LC 398/SJR 1-5

                      SENATE AMENDMENTS TO
                    SENATE JOINT RESOLUTION 1

                      By COMMITTEE ON RULES

                             June 19

  On page 1 of the printed joint resolution, line 26, delete '
held in trust' and insert 'used'.
  On page 2, delete lines 12 through 16 and insert:
  ' (6) Notwithstanding subsection (1) of this section, when the
Governor declares an emergency pursuant to this subsection, the
Legislative Assembly, with the approval of four-fifths of the
members present in each house, may pass a bill to:
  ' (a) Use the moneys for any lawful purpose if the Legislative
Assembly has approved a plan to replenish the fund on appropriate
terms.
  ' (b) Use all or a portion of the moneys in the fund to pay the
principal of, interest on and premium, if any, on indebtedness
incurred under section 1 of this Article.'.
  In line 22, delete the blank and insert 'the next regular
general election held throughout this state'.
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