Bill Text: OR HB5005 | 2011 | Regular Session | Enrolled
Bill Title: Relating to state financial administration; and declaring an emergency.
Spectrum: Unknown
Status: (Passed) 2011-07-06 - Chapter 614, (2011 Laws): Effective date July 6, 2011. [HB5005 Detail]
Download: Oregon-2011-HB5005-Enrolled.html
76th OREGON LEGISLATIVE ASSEMBLY--2011 Regular Session
Enrolled
House Bill 5005
Printed pursuant to Senate Interim Rule 213.28 by order of the
President of the Senate in conformance with presession filing
rules, indicating neither advocacy nor opposition on the part
of the President (at the request of Budget and Management
Division, Oregon Department of Administrative Services)
CHAPTER ................
AN ACT
Relating to state financial administration; and declaring an
emergency.
Be It Enacted by the People of the State of Oregon:
SECTION 1. { + The amounts authorized, as provided by ORS
286A.035, for issuance of general obligation bonds, revenue
bonds, certificates of participation and other financing
agreements of this state during the 2011-2013 biennium are as
follows: + }
____NOTE_TO_WEB_CUSTOMERS:__________________________________
THE FOLLOWING TABULAR TEXT MAY BE IRREGULAR.
FOR COMPLETE INFORMATION PLEASE SEE THE PRINTED MEASURE.
_______________________________________________________________
{ +
GENERAL OBLIGATION BONDS
General Fund Obligations
Oregon University System
(Art. XI-G)........17,608,000
Department of Community
Colleges and Workforce
Development (Art. X24,500,000
Department of Environmental
Quality (Art. XI-H)16,740,000
Oregon Military Department
(Art. XI-M)........ 7,614,000
Oregon Department of
Administrative Services
(Art. XI-Q).......186,685,000
Dedicated Fund Obligations
Department of Veterans'
Affairs (Art. XI-A100,000,000
Oregon University System
(Art. XI-F(1)).....84,844,570
Water Resources Department
(Art. XI-I(1)).....15,000,000
Housing and Community Services
Department (Art. XI50,000,000
Enrolled House Bill 5005 (HB 5005-A) Page 1
State Department of
Energy (Art. XI-J)150,000,000
Total General Obligation
Bonds.............652,991,570
REVENUE BONDS
Direct Revenue Bonds
Housing and Community
Services Departmen300,000,000
Department of Transportation,
Oregon Transportation
Infrastructure Fund18,360,000
Highway User Tax B663,000,000
Oregon Business Development
Department........100,000,000
Oregon Department of
Administrative Services
lottery revenue bo222,705,000
State Department of25,000,000
Total Direct Revenue
Bonds...........1,329,065,000
Pass-Through Revenue Bonds
Oregon Business Development
Department industrial
development bonds.125,000,000
Oregon Facilities 550,000,000
Housing and Community Services
Department........125,000,000
Total Pass-Through Revenue
Bonds.............800,000,000
Total Revenue Bo2,129,065,000
CERTIFICATES OF PARTICIPATION
AND OTHER FINANCING AGREEMENTS
Oregon Department of
Administrative 10,000,000 + }
SECTION 2. { + The amount authorized in section 1 of this 2011
Act for issuance of general obligation bonds for the Water
Resources Department under Article XI-I(1) of the Oregon
Constitution refers to the amount authorized in section 4,
chapter 903, Oregon Laws 2009, and is not in addition to the
amount authorized in section 4, chapter 903, Oregon Laws
2009. + }
SECTION 3. { + The amounts allocated for private activity
bonds, as provided in ORS 286A.615, are as follows: + }
____NOTE_TO_WEB_CUSTOMERS:__________________________________
THE FOLLOWING TABULAR TEXT MAY BE IRREGULAR.
FOR COMPLETE INFORMATION PLEASE SEE THE PRINTED MEASURE.
_______________________________________________________________
{ +
(1For the calendar year 2012,
the amount of $363,952,030
is allocated as follows:
(a) Oregon Business
Development Departm40,000,000
(b) Housing and Community
Services Departmen125,000,000
(c) State Department of15,000,000
(d) Private Activity Bond
Committee.........183,952,030
Enrolled House Bill 5005 (HB 5005-A) Page 2
(2) For the calendar year 2013,
the amount of $363,952,030
is allocated as follows:
(a) Oregon Business
Development Departm40,000,000
(b) Housing and Community
Services Departmen125,000,000
(c) State Department of15,000,000
(d) Private Activity Bond
Committee.........183,952,030
(3) If an increase in the state's population, a
sufficient increase in the region's Consumer
Price Index or a change in federal law allows
the private activity bond limit as set by the
Internal Revenue Code of 1986, as amended, to
exceed $363,952,030 during the 2012 calendar
year or $363,952,030 during the 2013 calendar
year, the increase is allocated to the Private
Activity Bond Committee. + }
____________________________________________________________
END OF POSSIBLE IRREGULAR TABULAR TEXT
____________________________________________________________
SECTION 4. { + This 2011 Act being necessary for the immediate
preservation of the public peace, health and safety, an emergency
is declared to exist, and this 2011 Act takes effect July 1,
2011. + }
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Passed by House June 30, 2011
.............................................................
Ramona Kenady Line, Chief Clerk of House
.............................................................
Bruce Hanna, Speaker of House
.............................................................
Arnie Roblan, Speaker of House
Passed by Senate June 30, 2011
.............................................................
Peter Courtney, President of Senate
Enrolled House Bill 5005 (HB 5005-A) Page 3
Received by Governor:
......M.,............., 2011
Approved:
......M.,............., 2011
.............................................................
John Kitzhaber, Governor
Filed in Office of Secretary of State:
......M.,............., 2011
.............................................................
Kate Brown, Secretary of State
Enrolled House Bill 5005 (HB 5005-A) Page 4
