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Relating Clause: Relating to a reserve fund; declaring an emergency.
<br />Title:
<br /> Modifies circumstances under which moneys in Oregon Rainy Day Fund may be
<br />appropriated.
<br /> Requires that after first revenue forecast following adjournment sine die of regular
<br />legislative session, specified percentage of projected General Fund revenues be
<br />transferred to Oregon Rainy Day Fund.
<br /> Establishes Education Capital Construction Account. Specifies that moneys in account
<br />be used only for capital construction projects for public education. Requires, for biennia
<br />beginning on or after July 1, 2009, that if sum of moneys in Oregon Rainy Day Fund and
<br />moneys in Education Stability Fund equals 10 percent of General Fund revenues
<br />projected for biennium, moneys that would otherwise be transferred to Oregon Rainy Day
<br />Fund be transferred to Education Capital Construction Account.
<br /> Declares emergency, effective on passage.
<br />Sponsored by: Representative WINGARD; Representatives BENTZ, FREEMAN, HUFFMAN,
<br />KENNEMER, SPRENGER, THOMPSON, WEIDNER
<br />URL:http://www.leg.state.or.us/09reg/measpdf/hb2900.dir/hb2900.intro.pdf
<br />ContactRespondentDept Updated Priority Policy Poli Numb Recommendation
<br />
<br />Larry Hill Doug Lauderbach CS-FIN 3/18/2009 Pri 3 Yes Yes Support
<br />Comments:
<br />HB 2900 as written would require that 1% of the projected amount of General Fund
<br />revenues to be transferred to the HB 2900 as written would require that 1% of the
<br />projected amount of General Fund revenues to be transferred to the Oregon Rainy Day
<br />Fund. This differs from existing ORS, which requires that the lesser of 1% of General
<br />Fund appropriations or the funds ending balance be transferred into the rainy day fund.
<br />So passage of the bill would provide for more stable funding of the rainy day fund.
<br />The bill would also create the Education Stability Fund. In the event that the balance of
<br />these two funds reached 10%, any future transfers into the rainy day fund would instead
<br />be made into the education capital assistance fund. However, it is unclear what the long-
<br />term financial impact to the rainy day fund that this relationship would have.
<br />HB 2901
<br />Relating Clause: Relating to group registration plates.
<br />Title: Allows Department of Transportation to issue group registration plate for group that
<br />promotes prevention of wildfires. Directs State Forestry Department to seek federal
<br />approval to use image of Smokey Bear on group plates.
<br />Sponsored by: Representative BOONE; Representatives BAILEY, BARKER, BRUUN, CLEM,
<br />ESQUIVEL, FREEMAN, GARRARD, GILLIAM, GILMAN, GREENLICK, HANNA,
<br />HOLVEY, HUFFMAN, JENSON, KENNEMER, KRIEGER, MATTHEWS, MAURER,
<br />OLSON, ROBLAN, SCHAUFLER, SHIELDS, G SMITH, STIEGLER, THATCHER,
<br />THOMPSON, VANORMAN, WEIDNER, WHISNANT, WINGARD, Senators ATKINSON,
<br />BATES, BURDICK, COURTNEY, FERRIOLI, GIROD, HASS, JOHNSON, MONNES
<br />ANDERSON, MONROE, MORRISETTE, MORSE, PROZANSKI, ROSENBAUM,
<br />SCHRADER, STARR, TELFER, VERGER, WALKER, WINTERS (at
<br />URL:http://www.leg.state.or.us/09reg/measpdf/hb2900.dir/hb2901.intro.pdf
<br />ContactRespondentDept Updated Priority Policy Poli Numb Recommendation
<br />Eric Jones Eric Jones PW-ADM 3/12/2009 Pri 3 No No Neutral
<br />Comments:
<br />Well-intentioned bill that does not affect the City of Eugene. Basic vehicle license fees
<br />will continue to go to State Highway Trust Fund. Only the surcharge of $2.50/plate would
<br />go to a dedicated use (Keep Oregon Green).
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