OREGON CONSTITUTION
ARTICLE XI-J
SMALL SCALE LOCAL ENERGY LOANS

Art. XI-J §1 | STATE EMPOWERED TO LOAN CREDIT FOR SMALL SCALE LOCAL ENERGY LOANS; ELIGIBILITY; USE

Notwithstanding the limits contained in sections 7 and 8, Article XI of this Constitution, the credit of the State of Oregon may be loaned and indebtedness incurred in an amount not to exceed one-half of one percent of the true cash value of all the property in the state for the purpose of creating a fund to be known as the Small Scale Local Energy Project Loan Fund. The fund shall be used to provide financing for the development of small scale local energy projects. Secured repayment thereof shall be and is a prerequisite to the advancement of money from such fund.

Art. XI-J §2 | BONDS

Bonds of the State of Oregon containing a direct promise on behalf of the state to pay the face value thereof, with the interest therein provided for, may be issued to an amount authorized by section 1 of this Article for the purpose of creating such fund. The bonds shall be a direct obligation of the state and shall be in such form and shall run for such periods of time and bear such rates of interest as provided by statute.

Art. XI-J §3 | REFUNDING BONDS

Refunding bonds may be issued and sold to refund any bonds issued under authority of sections 1 and 2 of this Article. There may be issued and outstanding at any time bonds aggregating the amount authorized by section 1 of this Article but at no time shall the total of all bonds outstanding including refunding bonds, exceed the amount so authorized.

Art. XI-J §4 | SOURCES OF REVENUE

Ad valorem taxes shall be levied annually upon all the taxable property in the State of Oregon in sufficient amount to provide for the payment of principal and interest of the bonds issued pursuant to this Article. The Legislative Assembly may provide other revenues to supplement or replace, in whole or in part, such tax levies.

Art. XI-J §5 | LEGISLATION TO EFFECTUATE ARTICLE

The Legislative Assembly shall enact legislation to carry out the provisions of this Article. This Article supersedes any conflicting provision of a county or city charter or act of incorporation.

Congratulations! You're now booked up on Article XI-J of the Oregon Constitution!

This material might help you recover from the damages that lawbreaking judges/lawyers/agencies/organizations have inflicted upon you [and/or the public] (see this example of a Florida judge who outright committed perjury).

Perhaps it'll [even] help you navigate through your state's administrative gauntlet. A gauntlet which might include – but not be limited to:

Nevertheless – and as always – please get the justice you deserve.

Sincerely,

www.TextBookDiscrimination.com

OREGON CONSTITUTIONARTICLE XI-JSMALL SCALE LOCAL ENERGY LOANS

Art. XI-J §1 | STATE EMPOWERED TO LOAN CREDIT FOR SMALL SCALE LOCAL ENERGY LOANS; ELIGIBILITY; USE

Art. XI-J §2 | BONDS

Art. XI-J §3 | REFUNDING BONDS

Art. XI-J §4 | SOURCES OF REVENUE

Art. XI-J §5 | LEGISLATION TO EFFECTUATE ARTICLE

Pages That YouMight Also Like