Item 3: Ratification of Unanimous IGR Actions and Discussion and Action on Non-unanimous IGR Actions

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The original version of this bill would change the definition of what could be funded with Comments: General Obligation bonds to allow capital costs of assets having a life of more than one year, including equipping or repairing facilities (which is not currently allowed). The A version remains the same in this respect, so still a support position. The A version adds stuff about school bonds, which Larry Hill is reviewing. ContactRespondent Dept Updated Priority Policy Policy No Recommendation Larry Hill Larry Hill CS-FIN 5/5/2009 Pri 3 Yes II Support HJR 13A, Paragraph 2, proposes to amend the Oregon Constitution to increase the level of Comments: debt the State would be allowed to incur through issuance of bonds for school capital construction. The money is to be used for matching grants with school district G.O. bonds. The amendment allows indebtedness to the extent of 0.5% of market value of property in the state. The bonds are to be backed with the full faith and credit of the State. However, the amendment specifically forbids the use of property taxation to repay the debt, instead directing the debt be repaid from other sources through a new fund created by HJR 13A. Current balance in a school capital sub-account plus redirection of the current 15% of lottery net proceeds that currently go to the school capital sub-account. The amendment would have no financial impact on the City of Eugene and would have a stimulus effect on Oregon's economy. Redirection of the lottery funds would have no impact on other state spending priorities because it is already assigned to school capital purposes. The prohibition on State property taxes provides assurance that property taxes are reserved for local jurisdictions. I recommend monitoring the measure. SB 0171A Relating to physical hazards to air navigation. Relating Clause: { - Requires person to get permit from Oregon Department of Aviation before constructing Title: object or structure that constitutes physical hazard to air navigation. - } { + Prohibits person from constructing object or structure that constitutes physical hazard to air navigation. Creates exceptions. Allows Director of Oregon Department of Aviation to adopt rules relating to mitigation of hazards to air navigation. + } Printed pursuant to Senate Interim Rule 213.28 by order of the President of the Senate in Sponsored By: conformance with pre-session filing rules, indicating neither advocacy nor opposition on the part of the President. (at the request of Governor Theodore R. Kulongoski for Oregon Department of Aviation) 6