Bill Text: OR HB5201 | 2012 | Regular Session | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Relating to state financial administration; and declaring an emergency.

Spectrum: Committee Bill

Status: (Passed) 2012-03-27 - Chapter 78, (2012 Laws): Effective date March 27, 2012. [HB5201 Detail]

Download: Oregon-2012-HB5201-Introduced.html

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     76th OREGON LEGISLATIVE ASSEMBLY--2012 Regular Session

NOTE:  Matter within  { +  braces and plus signs + } in an
amended section is new. Matter within  { -  braces and minus
signs - } is existing law to be omitted. New sections are within
 { +  braces and plus signs + } .

LC 303

                         House Bill 5201

Sponsored by JOINT COMMITTEE ON WAYS AND MEANS

                             SUMMARY

The following summary is not prepared by the sponsors of the
measure and is not a part of the body thereof subject to
consideration by the Legislative Assembly. It is an editor's
brief statement of the essential features of the measure as
introduced.

  Modifies amount authorized for issuance of certificates of
participation and other financing agreements during 2011-2013
biennium.
  Declares emergency, effective on passage.

                        A BILL FOR AN ACT
Relating to state financial administration; amending section 1,
  chapter 614, Oregon Laws 2011; and declaring an emergency.
Be It Enacted by the People of the State of Oregon:
  SECTION 1. Section 1, chapter 614, Oregon Laws 2011, is amended
to read:
   { +  Sec. 1. + } The amounts authorized, as provided by ORS
286A.035, for issuance of general obligation bonds, revenue
bonds, certificates of participation and other financing
agreements of this state during the 2011-2013 biennium are as
follows:

____NOTE_TO_WEB_CUSTOMERS:__________________________________
THE FOLLOWING TABULAR TEXT MAY BE IRREGULAR.
FOR COMPLETE INFORMATION PLEASE SEE THE PRINTED MEASURE.
_______________________________________________________________

  GENERAL OBLIGATION BONDS
  General Fund Obligations
      Oregon University System
      (Art. XI-G)........ $17,608,000
      Department of Community
      Colleges and Workforce
      Development (Art. XI-G) $24,500,000
      Department of Environmental
      Quality (Art. XI-H) $16,740,000
      Oregon Military Department
      (Art. XI-M)........ $7,614,000
      Oregon Department of
      Administrative Services
      (Art. XI-Q)........ $186,685,000
  Dedicated Fund Obligations
      Department of Veterans'
      Affairs (Art. XI-A) $100,000,000
      Oregon University System
      (Art. XI-F(1))..... $84,844,570
      Water Resources Department
      (Art. XI-I(1))..... $15,000,000
      Housing and Community Services
      Department (Art. XI-I(2)) $50,000,000
      State Department of
      Energy (Art. XI-J). $150,000,000
  Total General Obligation
      Bonds.............. $652,991,570
  REVENUE BONDS
  Direct Revenue Bonds
      Housing and Community
      Services Department $300,000,000
      Department of Transportation,
      Oregon Transportation
      Infrastructure Fund $18,360,000
      Highway User Tax Bonds $663,000,000
      Oregon Business Development
      Department......... $100,000,000
      Oregon Department of
      Administrative Services
      lottery revenue bonds $222,705,000
      State Department of Energy $25,000,000
  Total Direct Revenue
      Bonds.............. $1,329,065,000
  Pass-Through Revenue Bonds
      Oregon Business Development
      Department industrial
      development bonds.. $125,000,000
      Oregon Facilities Authority $550,000,000
      Housing and Community Services
      Department......... $125,000,000
  Total Pass-Through Revenue
      Bonds.............. $800,000,000
      Total Revenue Bonds $2,129,065,000
  CERTIFICATES OF PARTICIPATION
  AND OTHER FINANCING AGREEMENTS
  Oregon Department of
        { -
Administrative Services    $....10,000,000 - }

       { +
Administrative Services    $....12,500,000 + }
____________________________________________________________
END OF POSSIBLE IRREGULAR TABULAR TEXT
____________________________________________________________
  SECTION 2.  { + This 2012 Act being necessary for the immediate
preservation of the public peace, health and safety, an emergency
is declared to exist, and this 2012 Act takes effect on its
passage. + }
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