Oregon House Bill 4017 (Prior Session Legislation)

---

Completed Legislative Action
Spectrum: Partisan Bill (Republican 2-0)
Status: Failed on March 3 2018 - 100% progression
Action: 2018-03-03 - In committee upon adjournment.
Text: Latest bill text (Introduced) [PDF]

Requires school district to obtain approval from Department of Education before entering into funds diversion agreement for payment of debt service on pension obligation bonds. Provides that department may not approve funds diversion agreement unless annual debt service on pension obligation bonds of school district is no greater than 25 percent of state school moneys available to school district in current fiscal year, or if state school moneys available to school district constitute less than 25 percent of funding for school district in current fiscal year. Requires State Treasurer to provide relevant data to department. Becomes operative July 1, 2020.

Relating to bonds.

Rep. Gene Whisnant [R]

Rep. Mike Nearman [R]

Date	Chamber	Action
2018-03-03	House	In committee upon adjournment.
2018-02-05	House	Referred to Revenue.
2018-02-05	House	First reading. Referred to Speaker's desk.
2018-01-22	House	Presession Released to the Public.

Type	Source
Summary	https://olis.oregonlegislature.gov/liz/2018R1/Measures/Overview/HB4017
Text	https://olis.oregonlegislature.gov/liz/2018R1/Downloads/MeasureDocument/HB4017/Introduced