Article XI-G of the Oregon State Consitution

In this post, we will look at Article XI-G of the Oregon State Constitution.  This Article is entitled "Higher Education Institutions and Activities; Community Colleges".  This Article has 3 sections.  The Article complements Article XI-F(1) and provides a second means of financing higher education institutions in the state.  The scope of XI-F(1) is much more narrow than XI-G.

Section 1

There are 4 subsections, these empower borrowing against the credit of the state, direct the proceeds to be used for higher education, states that borrowed funds must be matched by other funds, and although it is not stated, these could be private funds, however obtained.  The funds can come out of the General fund if so authorized by the Legislature in an appropriates bill.  The final subsection indicates that money can also be used in combination with XI-F(1) funds, but these are not to be counted as matching funds.

Section 2

This provides for the issuance of bonds to raise funds for the expenditures in section 1.

Section 3

This provides for property taxes to be levied to pay back the funds borrowed through the issuance of bonds.