State empowered to lend credit for higher education building projects

CurrencyCurrent through 2021 ballot measures
CitationOr. Const. art. XI-F(1) § 1

The credit of the state may be loaned and indebtedness incurred in an amount which shall not exceed at any one time three-fourths of one percent of the true cash value of all the taxable property in the state, as determined by law to provide funds with which to acquire, construct, improve, repair, equip and furnish buildings, structures, land and other projects, or parts thereof, that the legislative assembly determines will be...

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