Oregon House Bill 4144 (Prior Session Legislation)

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Spectrum: Moderate Partisan Bill (Democrat 7-2)
Status: Introduced on February 3 2014 - 25% progression, died in chamber
Action: 2014-03-07 - Second reading.
Text: Latest bill text (Engrossed) [PDF]

Establishes Oregon Investment Department as public investment agency to be supervised by director appointed by Oregon Investment Council. Specifies duties, functions and powers of department. Transfers duties of State Treasurer as investment officer to department. Establishes Oregon Investment Department Fund. Continuously appropriates moneys in fund to department for expenses of department and council. Exempts department and council from certain laws regulating governmental entities. Directs department to submit biennial budget to Legislative Assembly. Specifies that budget takes effect unless Legislative Assembly enacts changes to budget by June 1 of odd-numbered year. Directs Governor to consult with State Treasurer regarding appointees to Oregon Investment Council. Directs Legislative Assembly to review results of implementation of Act at 2021 regular session. Designates State Treasurer as vice chairperson of Oregon Investment Council. On January 1, 2017, designates State Treasurer as chairperson of council. Directs department to report annually to Legislative Assembly and Governor regarding investment funds investment program and annual costs incurred by department. Decreases limitation on expenditures of State Treasurer for administrative expenses of State Treasury operations. Limits investment of local government funds to statutory investment pool for local and tribal government funds. Authorizes State Treasurer or department to require local or tribal government to enter into investment agreement as condition of placing funds in investment pool. Declares emergency, effective on passage.

Relating to public investments; appropriating money; declaring an emergency.

Rep. Tobias Read [D]	Rep. Vicki Berger [R]	Rep. Deborah Boone [D]	Rep. Margaret Doherty [D]
Rep. Chris Harker [D]	Rep. Caddy McKeown [D]	Rep. Nancy Nathanson [D]	Rep. Jeff Reardon [D]
Rep. Jim Weidner [R]

2014-03-06 - House - House Committee Do pass as amended and be printed engrossed (Y: 15 N: 11 NV: 0 Abs: 0) [PASS]
2014-02-17 - House - House Committee Do pass and be referred to Ways and Means by prior reference (Y: 8 N: 0 NV: 0 Abs: 1) [PASS]

Date	Chamber	Action
2014-03-07	House	Second reading.
2014-03-06	House	Recommendation: Do pass with amendments and be printed A-Engrossed.
2014-03-06	House	Work Session held.
2014-03-05	House	Work Session held.
2014-03-05	House	Returned to Full Committee.
2014-03-05	House	Work Session held.
2014-03-04	House	Public Hearing held.
2014-03-03	House	Assigned to Subcommittee On Capital Construction.
2014-02-18	House	Referred to Ways and Means by prior reference.
2014-02-18	House	Recommendation: Do pass and be referred to Ways and Means by prior reference.
2014-02-17	House	Public Hearing and Work Session held.
2014-02-03	House	Referred to Rules with subsequent referral to Ways and Means.
2014-02-03	House	First reading. Referred to Speaker's desk.

Type	Source
Summary	https://olis.oregonlegislature.gov/liz/2014R1/Measures/Overview/HB4144
Text	https://olis.oregonlegislature.gov/liz/2014R1/Downloads/MeasureDocument/HB4144/Introduced
Text	https://olis.oregonlegislature.gov/liz/2014R1/Downloads/MeasureDocument/HB4144/House%20Amendments
Text	https://olis.oregonlegislature.gov/liz/2014R1/Downloads/MeasureDocument/HB4144/A-Engrossed
Roll Call	https://olis.oregonlegislature.gov/liz/2014R1/CommitteeReports/MajorityReport/20109
Roll Call	https://olis.oregonlegislature.gov/liz/2014R1/CommitteeReports/MajorityReport/20290