Bill Text: OR SB5564 | 2010 | 1st Special 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) 2010-03-29 - Effective date, March 29, 2010. [SB5564 Detail]
Download: Oregon-2010-SB5564-Introduced.html
Bill Title: Relating to state financial administration; and declaring an emergency.
Spectrum: Committee Bill
Status: (Passed) 2010-03-29 - Effective date, March 29, 2010. [SB5564 Detail]
Download: Oregon-2010-SB5564-Introduced.html
75th OREGON LEGISLATIVE ASSEMBLY--2010 Special 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 224 Senate Bill 5564 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. Reduces amount authorized for issuance of Article XI-G bonds by Oregon University System for biennium beginning July 1, 2009. Declares emergency, effective on passage. A BILL FOR AN ACT Relating to state financial administration; amending section 1, chapter 903, Oregon Laws 2009; and declaring an emergency. Be It Enacted by the People of the State of Oregon: SECTION 1. Section 1, chapter 903, Oregon Laws 2009, 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 2009-2011 biennium are as follows: ____NOTE_TO_WEB_CUSTOMERS:__________________________________ THE FOLLOWING TABULAR TEXT MAY BE IRREGULAR. FOR COMPLETE INFORMATION PLEASE SEE THE PRINTED MEASURE. _______________________________________________________________ General Fund Obligations { - Department of Higher - } { - Educat$...144,900,479 - } { + Oregon University System (Art. X143,900,479 + } Department of Community Colleges and Workforce Development (Art. X63,233,000 Department of Environmental Quality (Art. XI-H)10,000,000 Oregon Military Department (Art. XI-M)........15,000,000 Oregon Military Department (Art. XI-N)........15,000,000 Dedicated Fund Obligations Department of Veterans' Affairs (Art. XI-A150,000,000 { - Department of Higher - } { - Education - } { + Oregon University System + } (Art.$.......488,401,244 Water Resources Department (Art. XI-I(1)).....10,000,000 Housing and Community Services Department (Art. X100,000,000 State Department of Energy (Art. XI-J)250,000,000 Total General Obligation { - Bonds $.1,246,534,723 - } { + Bonds $.1,245,534,723 + } REVENUE BONDS Direct Revenue Bonds Housing and Community Services Departmen600,000,000 Department of Transportation, Oregon Transportation Infrastructure Fun100,000,000 Highway User Tax..798,514,000 { - Economic and Community - } { + Oregon Business + } Development Depart200,000,000 Oregon Department of Administrative Services Lottery Revenue Bonds.....274,300,000 Total Direct Revenue Bonds...........1,972,814,000 Pass-Through Revenue Bonds { - Oregon Economic and Community - } { + Oregon Business + } Development Commission Industrial Development Bonds.400,000,000 Oregon Facilities 950,000,000 Housing and Community Services Department........250,000,000 Total Pass-Through Revenue Bonds...........1,600,000,000 Total Revenue Bo3,572,814,000 CERTIFICATES OF PARTICIPATION AND OTHER FINANCING AGREEMENTS Oregon Department of Administrative Ser764,780,000 ____________________________________________________________ END OF POSSIBLE IRREGULAR TABULAR TEXT ____________________________________________________________ SECTION 2. { + This 2010 Act being necessary for the immediate preservation of the public peace, health and safety, an emergency is declared to exist, and this 2010 Act takes effect on its passage. + } ----------