Bill Text: OR HB5201 | 2012 | Regular Session | Introduced
NOTE: There are more recent revisions of this legislation. Read Latest Draft
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
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
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. + } ----------