Digest: Amends the state Constitution. Requires a petitioner to provide a means by which added costs from an IM will be paid. Refers the amendment to the people at the next election. (Flesch Readability Score: 68.0).
Amends the Oregon Constitution to require an initiative petition to be accompanied by a signed form providing for the means by which an increase in state or county expenditures of greater than $50,000 must be paid. Provides that an initiative petition may not be placed on the ballot unless the Secretary of State makes a finding of sufficiency of the means.
Refers the proposed amendment to the people for their approval or rejection at the next regular general election.