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Monday, February 6, 2017

Article XI-I(1) of the Oregon State Constitution

In this post, we take a look at Article XI-I(1) of the Oregon State Constitution which is entitled "Water Development Projects".  These projects are not water power projects as those are handled in a different Article and has 5 sections.  This Article creates a "Water Development Fund"

Section 1

This section provides the definitions of what is intended to be funded from moneys raised through bonds as described in the other sections in this Article.  The purpose is for irrigation, drainage, fish protection, and watershed restoration.  There is some wiggle room to include other projects that might come up and are authorized by law.  This Article is intended to support farmers although corporations are considered valid recipients of the money.  Also, it is prohibited to use this money for municipalities with a population larger than 30,000.

Section 2

This section is standard text for issue of bonds.

Section 3

This section provides for rolling over a bond issue.

Section 4

This section provides for ad valorem property tax to be levied in order to pay back the bonds.

Section 5

This section directs the legislature to write a law to implement the section as well as to provide authority to override county and/or municipal charters or acts of incorporation that might prevent implementation.

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