OR HB3435 | 2017 | Regular Session
Status
Completed Legislative Action
Spectrum: Partisan Bill (Republican 3-0)
Status: Passed on August 18 2017 - 100% progression
Action: 2017-08-18 - Chapter 682, (2017 Laws): Effective date October 6, 2017.
Text: Latest bill text (Enrolled) [PDF]
Spectrum: Partisan Bill (Republican 3-0)
Status: Passed on August 18 2017 - 100% progression
Action: 2017-08-18 - Chapter 682, (2017 Laws): Effective date October 6, 2017.
Text: Latest bill text (Enrolled) [PDF]
Summary
Authorizes moneys from federal sources in county road fund of Curry County, Klamath County or Yamhill County to be loaned to taxing district within county, another county or taxing district within another county, only pursuant to legally binding intergovernmental agreement or loan agreement. Authorizes moneys from federal sources in county road fund of Curry County, Klamath County or Yamhill County to be loaned to taxing district within county, another county or taxing district within another county, only pursuant to legally binding intergovernmental agreement or loan agreement. Provides maximum limit on loan amount. Provides that rate of interest may not be less than average rate of return earned over immediately preceding 12-month period by county moneys in local government investment pool. Requires intergovernmental agreement or loan agreement to establish remedies in favor of lender county if borrower taxing district or county defaults on debt service obligations. Requires lender county to disclose loan to Oregon Municipal Debt Advisory Commission. Prohibits lending of moneys from state and local sources that are subject to Article IX, section 3a, of Oregon Constitution. Takes effect on 91st day following adjournment sine die.
Title
Relating to county road fund moneys; and prescribing an effective date.
Sponsors
Roll Calls
2017-07-06 - House - House Third Reading in Concurrence (Y: 59 N: 0 NV: 0 Abs: 1) [PASS]
2017-07-04 - Senate - Senate Third Reading (Y: 28 N: 0 NV: 0 Abs: 2) [PASS]
2017-07-01 - Senate - Senate Committee Do pass with amendments to the A-Eng bill. (Printed B-Eng.) (Y: 5 N: 0 NV: 0 Abs: 0) [PASS]
2017-06-21 - House - House Third Reading (Y: 57 N: 0 NV: 0 Abs: 3) [PASS]
2017-06-14 - House - House Committee Do pass with amendments. (Printed A-Eng.) (Y: 7 N: 0 NV: 0 Abs: 2) [PASS]
2017-07-04 - Senate - Senate Third Reading (Y: 28 N: 0 NV: 0 Abs: 2) [PASS]
2017-07-01 - Senate - Senate Committee Do pass with amendments to the A-Eng bill. (Printed B-Eng.) (Y: 5 N: 0 NV: 0 Abs: 0) [PASS]
2017-06-21 - House - House Third Reading (Y: 57 N: 0 NV: 0 Abs: 3) [PASS]
2017-06-14 - House - House Committee Do pass with amendments. (Printed A-Eng.) (Y: 7 N: 0 NV: 0 Abs: 2) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2017-08-18 | House | Chapter 682, (2017 Laws): Effective date October 6, 2017. |
| 2017-08-08 | House | Governor signed. |
| 2017-07-18 | Senate | President signed. |
| 2017-07-11 | House | Speaker signed. |
| 2017-07-06 | House | House concurred in Senate amendments and repassed bill.Ayes, 59; Excused, 1--Boone. |
| 2017-07-04 | Senate | Third reading. Carried by Boquist. Passed.Ayes, 28; excused, 2--Baertschiger Jr, Olsen. |
| 2017-07-03 | Senate | Second reading. |
| 2017-07-01 | Senate | Recommendation: Do pass with amendments to the A-Eng. bill. (Printed B-Eng.) |
| 2017-07-01 | Senate | Work Session held. |
| 2017-06-27 | Senate | Public Hearing and Work Session held. |
| 2017-06-23 | Senate | Referred to Finance and Revenue. |
| 2017-06-22 | Senate | First reading. Referred to President's desk. |
| 2017-06-21 | House | Third reading. Carried by Smith DB. Passed.Ayes, 57; Excused, 2--Bentz, Boone; Excused for Business of the House, 1--Speaker Kotek. |
| 2017-06-20 | House | Second reading. |
| 2017-06-19 | House | Recommendation: Do pass with amendments and be printed A-Engrossed. |
| 2017-06-14 | House | Work Session held. |
| 2017-06-12 | House | Work Session held. |
| 2017-04-19 | House | Public Hearing held. |
| 2017-04-05 | House | Referred to Revenue. |
| 2017-04-04 | House | First reading. Referred to Speaker's desk. |
