2015 Regular Session
|At the request of:|
|Bill Title:||Relating to state finance; declaring an emergency; providing for revenue estimate modification that requires approval by a two-thirds majority.|
Increases amount of estimate of revenues that will be received from General Fund revenue sources other than corporate income and excise taxes for biennium beginning July 1, 2013.
Provides that if May 2015 estimate of revenues to be received from General Fund revenue sources other than corporate income and excise taxes for biennium beginning July 1, 2013, exceeds 2013 estimate for biennium beginning July 1, 2013, made pursuant to Article IX, section 14 (1), of Oregon Constitution, by two percent or more, one-half of total amount of excess shall be deposited in Oregon Rainy Day Fund and one-half of excess shall be deposited in General Fund to be appropriated in equal amounts to State School Fund and Higher Education Coordinating Commission for community colleges. Declares emergency, effective on passage.
|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|
|Potential Conflicts of Interest/Vote Explanations:||Potential Conflicts of Interest/Vote Explanation Documents|