Bill Text: OR SB596 | 2011 | Regular Session | Introduced

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Bill Title: Relating to revenue estimates.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Failed) 2011-06-30 - In committee upon adjournment. [SB596 Detail]

Download: Oregon-2011-SB596-Introduced.html

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     76th OREGON LEGISLATIVE ASSEMBLY--2011 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 1699

                         Senate Bill 596

Sponsored by Senator ATKINSON

                             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.

  Directs Oregon Department of Administrative Services to
prepare, in January of odd-numbered year, estimate of revenue
available for next biennium and present estimate to
organizational session of Legislative Assembly.
  Directs Legislative Assembly to use January revenue estimate
for purposes of enacting legislatively adopted budget.

                        A BILL FOR AN ACT
Relating to revenue estimates; creating new provisions; and
  amending ORS 291.342.
Be It Enacted by the People of the State of Oregon:
  SECTION 1. ORS 291.342 is amended to read:
  291.342. (1) By August 15 of each year, but not earlier than 90
days from the end of the regular session, if any, of the
Legislative Assembly held in that calendar year, the Oregon
Department of Administrative Services, with the assistance of the
Department of Revenue, shall:
  (a) Ascertain by computation and estimate the total amount of
revenue available for state purposes for the current fiscal year;
and
  (b) Apportion the state tax levy on property, if any, among the
several counties in the manner provided in ORS 291.445.
  (2) In addition to the requirement in subsection (1) of this
section, the Oregon Department of Administrative Services with
the assistance of the Department of Revenue shall { + :
  (a) + } For each calendar quarter of the year ascertain by
computation and estimate the total amount of revenue available
for state purposes for the current fiscal year, as well as the
amount of revenue received quarterly, cumulated throughout the
biennium, and report its estimate  { + under this paragraph + }
to the Legislative Revenue Officer and to the Emergency Board, or
if the Legislative Assembly is in session, to the Joint Committee
on Ways and Means { + ; and
  (b) In January of an odd-numbered year, during the
organizational session of the Legislative Assembly, estimate the
total amount of revenue available for state purposes for the
current fiscal year, the amount of revenue received quarterly,
cumulated throughout the biennium, and the total anticipated
revenues available for purposes of the legislatively adopted
budget for the next biennium, and report its estimate under this

paragraph to the Legislative Revenue Officer and to the
Legislative Assembly + }.
  (3) In carrying out its duties under subsection (2) of this
section, the Oregon Department of Administrative Services shall
issue   { - quarterly - }  a statement setting forth the
methodology and assumptions used in making the revenue estimate.
 { + For the estimate under subsection (2)(a) of this section,
the department shall issue the statement quarterly. For the
estimate under subsection (2)(b) of this section, the department
shall issue the statement with the estimate. + } Nothing in this
subsection requires   { - the - }   { + a + } statement to set
forth procedures used or methods used to determine either the
methodology or the assumptions.
   { +  (4) As used in this section, 'legislatively adopted
budget ' has the meaning given that term in ORS 291.002. + }
  SECTION 2.  { + For purposes of enacting the legislatively
adopted budget, the Legislative Assembly shall use the estimate
of the total anticipated revenues available for the next biennium
prepared under ORS 291.342 (2)(b). + }
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