Bill Text: OR SB785 | 2013 | Regular Session | Introduced
Bill Title: Relating to the use of local resources for capital construction financed with public borrowing.
Sponsorship: Partisan Bill (Democrat 5)
Status: (Failed) 2013-07-08 - In committee upon adjournment. [SB785 Detail]
Download: Oregon-2013-SB785-Introduced.html
77th OREGON LEGISLATIVE ASSEMBLY--2013 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 3662
Senate Bill 785
Sponsored by Senator EDWARDS, Representative CLEM; Senator
SHIELDS, Representatives BAILEY, HOYLE
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.
Requires entities that use public financing for capital
construction to report to Legislative Assembly on use of local
goods, services and labor.
A BILL FOR AN ACT
Relating to the use of local resources for capital construction
financed with public borrowing.
Be It Enacted by the People of the State of Oregon:
SECTION 1. { + Section 2 of this 2013 Act is added to and made
a part of ORS chapter 286A. + }
SECTION 2. { + (1) The Legislative Assembly finds and declares
that the greatest economic benefit to Oregonians from the use of
public financing for capital construction follows from the
highest possible levels of use of goods, services and labor that
originate in this state.
(2) In a biennium in which a related agency spends net proceeds
of bonds for capital construction, on or before December 1 of
even-numbered years, the related agency shall report to the
Legislative Assembly in the manner provided by ORS 192.245 on the
use of goods, services and labor that originate in Oregon. At a
minimum, the report must include:
(a) The percentage, based on full-time equivalency, of the
labor force for the capital construction project that maintains
residency in this state;
(b) The percentage, based on cost, of goods and services
manufactured or produced in Oregon;
(c) Analysis of factors that affect the level of use of goods,
services and labor that originate in this state; and
(d) Recommendations, if any, for legislation that would allow
the related agency to increase the use of goods, services or
labor that originates in this state.
(3) The State Treasurer may establish standards for the
collection of data and the formatting of reports required by this
section. + }
SECTION 3. { + Section 4 of this 2013 Act is added to and made
a part of ORS chapter 287A. + }
SECTION 4. { + (1) The Legislative Assembly finds and declares
that the greatest economic benefit to Oregonians from the use of
public financing for capital construction follows from the
highest possible levels of use of goods, services and labor that
originate in this state.
(2) In a biennium in which a public body spends net proceeds of
bonds for capital construction, on or before December 1 of
even-numbered years, the public body shall report to the
Legislative Assembly in the manner provided by ORS 192.245 on the
use of goods, services and labor that originate in Oregon. At a
minimum, the report must include:
(a) The percentage, based on full-time equivalency, of the
labor force for the capital construction project that maintains
residency in this state;
(b) The percentage, based on cost, of goods and services
manufactured or produced in Oregon;
(c) Analysis of factors that affect the level of use of goods,
services and labor that originate in this state; and
(d) Recommendations, if any, for legislation that would allow
the public body to increase the use of goods, services and labor
that originate in this state.
(3) The State Treasurer, in cooperation with the Oregon
Municipal Debt Advisory Commission, may establish standards for
the collection of data and the formatting of reports required by
this section. + }
SECTION 5. { + Section 6 of this 2013 Act is added to and made
a part of ORS chapter 289. + }
SECTION 6. { + (1) The Legislative Assembly finds and declares
? that the greatest economic benefit to Oregonians from the use
of public financing for capital construction follows from the
highest possible levels of use of goods, services and labor that
originate in this state.
(2) In a biennium in which an institution spends net proceeds
of bonds for capital construction, on or before a date
established by rule of the State Treasurer adopted under
subsection (4) of this section, the institution shall report to
the Oregon Facilities Authority on the use of goods, services and
labor that originate in Oregon. At a minimum, the report must
include:
(a) The percentage, based on full-time equivalency, of the
labor force for the capital construction project that maintains
residency in this state;
(b) The percentage, based on cost, of goods and services
manufactured or produced in Oregon;
(c) Analysis of factors that affect the level of use of goods,
services and labor that originate in this state; and
(d) Recommendations, if any, for legislation that would allow
the institution to increase the use of goods, services and labor
that originate in this state.
(3) On or before December 1 of even-numbered years, the
authority shall combine the information provided by institutions
in the reports required by subsection (2) of this section and
report to the Legislative Assembly in the manner required by ORS
192.245.
(4) The State Treasurer, in cooperation with the Oregon
Facilities Authority, may establish standards for the collection
of data required by this section and the formatting of reports
required by subsection (2) of this section to facilitate the
uniformity of data reported to the Legislative Assembly in the
reports required by subsection (3) of this section. + }
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