Bill Text: OR SB5564 | 2010 | 1st Special Session | Engrossed

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) 2010-03-29 - Effective date, March 29, 2010. [SB5564 Detail]

Download: Oregon-2010-SB5564-Engrossed.html

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     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

                           A-Engrossed

                        Senate Bill 5564
                Ordered by the Senate February 23
          Including Senate Amendments dated February 23

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.

    { - Reduces - }   { + Increases + } amount authorized for
issuance of
  { - Article XI-G - }   { + direct revenue + } bonds by
 { - Oregon University System - }  { + Department of
Transportation + } 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. X144,900,479 + }
      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.$.......488,401,244
      Water Resources Department
      (Art. XI-I(1)).....10,000,000
      Housing and Community Services
      Department (Art. X100,000,000
      State Department of
      Energy (Art. XI-J)250,000,000
  Total General Obligation
      Bonds...........1,246,534,723
  REVENUE BONDS
  Direct Revenue Bonds
      Housing and Community
      Services Departmen600,000,000
      Department of Transportation,
      Oregon Transportation
        { -
Infras$...100,000,000 - }

       { +
Infrastructure Fund + }
       { +
$ + }
   { +
160,000,000 + }
      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 - }

       { +
Bonds + }
       { +
$ + }
   { +
2,032,814,000 + }
  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 $.3,572,814,000 - }

       { +
Total Revenue Bonds + }
       { +
$ + }
   { +
3,632,814,000 + }
  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. + }
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