What it does: Allows Oregon’s public universities to invest in equities.

Endorsements for: Supporters say that investing in equities would reduce “financial risk,” and could increase investment income, thereby minimizing tuition increases and improving student services.

In 2013, the legislature passed a bill granting public universities the authority to manage their finances, including investing in equities. But the state’s constitution contains a provision that “may prevent” public universities from exercising that authority, so voters need to approve the amendment to allow the practice.

Supporters include Randall Edwards, who was state treasurer from 2001-2009; the presidents of the University of Oregon, Oregon State and Eastern Oregon universities; State Sen. Mark Hass and State Rep. Mark Johnson.

Endorsements against: No letters arguing against the measure have been filed with the Secretary of State’s Office, which published its voters’ pamphlet for military and overseas voters in September.

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