Oregon House Bill 3123 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 2-0)
Status: Failed on June 30 2019 - 100% progression
Action: 2019-06-30 - In committee upon adjournment.
Text: Latest bill text (Engrossed) [PDF]

Provides that certain public bodies and intergovernmental entities may not issue bonds to finance pension liabilities without first obtaining independent assessment of likelihood that investment returns on bond proceeds will exceed interest cost of bonds and issuing public report relating to proposed bond issuance. Provides that certain public bodies and intergovernmental entities may not issue bonds to finance pension liabilities without first obtaining independent assessment from independent registered municipal advisor of advisability of proposed bond issuance] of likelihood that investment returns on bond proceeds will exceed interest cost of bonds and issuing public report relating to proposed bond issuance. Requires State Treasurer to provide annual report to State Debt Policy Advisory Commission on interest rates and rate of return on bonds that are issued on or after effective date of Act to finance pension liabilities and that remain outstanding. Takes effect on 91st day following adjournment sine die.

Relating to bonds to finance pension liabilities; prescribing an effective date.

Rep. Nancy Nathanson [D]

Sen. Elizabeth Johnson [D]

2019-05-13 - House - House Committee Do pass with amendments and be referred to Ways and Means. (Printed A-Eng.) (Y: 6 N: 1 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2019-06-30	House	In committee upon adjournment.
2019-05-16	House	Referred to Ways and Means by order of Speaker.
2019-05-16	House	Recommendation: Do pass with amendments, be printed A-Engrossed, and be referred to Ways and Means.
2019-05-13	House	Work Session held.
2019-05-08	House	Work Session held.
2019-04-03	House	Public Hearing held.
2019-03-04	House	Referred to Rules.
2019-02-27	House	First reading. Referred to Speaker's desk.

Type	Source
Summary	https://olis.oregonlegislature.gov/liz/2019R1/Measures/Overview/HB3123
Text	https://olis.oregonlegislature.gov/liz/2019R1/Downloads/MeasureDocument/HB3123/Introduced
Text	https://olis.oregonlegislature.gov/liz/2019R1/Downloads/MeasureDocument/HB3123/House%20Amendments%20to%20Introduced
Text	https://olis.oregonlegislature.gov/liz/2019R1/Downloads/MeasureDocument/HB3123/A-Engrossed
Roll Call	https://olis.oregonlegislature.gov/liz/2019R1/CommitteeReports/MajorityReport/29433