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2011 Regular Session
Overview
At the request of:
Chief Sponsors:
Regular Sponsors:
Bill Title: Relating to a reserve fund; declaring an emergency.
Catchline/Summary: Modifies circumstances under which moneys in Oregon Rainy Day Fund may be appropriated.
Requires that after May revenue forecast in odd-numbered year, specified percentage of projected General Fund revenues for next biennium be transferred to Oregon Rainy Day Fund. Establishes Education Capital Construction Account. Specifies that moneys in account be used only for capital construction projects for public education. Requires that if sum of moneys in Oregon Rainy Day Fund and moneys in Education Stability Fund equals 10 percent of General Fund revenues projected for biennium, moneys that would otherwise be transferred to Oregon Rainy Day Fund be transferred to Education Capital Construction Account. Declares emergency, effective on passage.
Chapter Number:
Fiscal Impact: May Have Fiscal Impact, But No Statement Yet Issued
Revenue Impact: May Have Revenue Impact, But No Statement Yet Issued
Measure Analysis: Staff Measure Summary / Impact Statements
Current Location: In House Committee
Current Committee: House Committee On Revenue
Current Subcommittee:
Subsequent Referral(s):
Potential Conflicts of Interest/Vote Explanations: Potential Conflicts of Interest/Vote Explanation Documents
Measure History
Scheduled Events