Bill > HJR10

This joint resolution proposes an amendment to the Oregon Constitution that would modify how state-issued bonds can be used to support school district capital costs. Currently, school districts must receive voter approval for local general obligation bonds to be eligible for state matching funds. The proposed amendment would remove this voter approval requirement, allowing school districts to more easily access state bond funds for capital improvements. Specifically, the state can issue general obligation bonds up to one-half of one percent of the real market value of real property in Oregon to provide grants or loans to school districts for capital costs. These state bonds cannot be paid from ad valorem (property) taxes, and the state would pledge its full faith and credit to repay the bonds. The proceeds can only be used for matching funds to finance capital costs of school districts, not for operating expenses. The amendment would be submitted to Oregon voters for approval or rejection at the next regular general election, giving citizens the opportunity to decide whether to remove the current voter approval prerequisite for accessing state school district capital improvement funds.

https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/HJR10