Ballot Measure 38 of 2004 would have abolished Oregon's State Accident Insurance Fund (commonly known as SAIF Corporation), a nonprofit state-chartered workers' compensation provider. SAIF's assets would have been sold and the revenues from the sale would have been used to fund schools and other state services. Voters defeated the measure in the 2 November 2004 general election, with 670,935 votes in favor, and 1,037,722 votes against. It was placed on the ballot by initiative petition by the political group .