Proposes an amendment to the Oregon Constitution to specify that a section restricting certain banks does not prohibit the establishment of a bank owned or operated by the State of Oregon. Refers the proposed amendment to the people for their approval or rejection at the next regular general election.

Summary

Digest: The measure amends a section of the Constitution to make it clear that the state may start a public bank. (Flesch Readability Score: 72.3). Proposes an amendment to the Oregon Constitution to specify that a section restricting certain banks does not prohibit the establishment of a bank owned or operated by the State of Oregon. Refers the proposed amendment to the people for their approval or rejection at the next regular general election.