l9n/ Oregon

2011 Regular Session

House Bill 2972

Establishes Bank of the State of Oregon.

Did not become law. It stopped in the House of Representatives's Rules Committee on June 30, 2011. The 2011 session has ended.

What it does

The synopsis the Legislative Assembly published with the bill.

Establishes Bank of the State of Oregon. Specifies purposes of bank. Establishes Bank of the State of Oregon Board to operate and manage bank. Creates advisory board of directors to advise bank board and management on operation of bank. Requires bank to accept deposits of public funds and permits bank to accept deposits of other funds. Permits bank to make, purchase, guarantee or hold certain loans and to serve as custodian bank. Specifies other powers. Directs State Treasurer to deposit moneys in bank in amount treasurer determines is necessary to allow bank to fulfill duties. Requires Bank of the State of Oregon Board to determine and reserve amount of revenue necessary to continue bank operations in safe and sound manner and to credit remaining revenue to use for general governmental operations. Directs board to adopt rules to ensure safety and soundness of bank, describe permissible investments, bank services, loan limits and reserve requirements. Requires Secretary of State audit. Specifies that deposits of bank are guaranteed by state and that income bank earns on public funds is not subject to taxation. Specifies that certain bank records are confidential and not subject to disclosure. Becomes operative January 1, 2012. Declares emergency, effective on passage.

Sponsors

Who carried the bill in each chamber, and who signed on. Each name leads to the member's page.

In the House of Representatives

Its course

January 11 to June 30, 2011, on one scale. In the top row each mark is a day something happened; taller marks are busier days.

Each committee stop sits inside its chamber.

Every action3 actions on 3 days

In the House of RepresentativesJan 11 to Jun 30 · stopped170 days

Waiting for a committeeJan 11 to Jan 2110 days

RulesJan 21 to Jun 30 · stopped160 days

Text

Each version as the Legislative Assembly printed it.

l9n doesn't hold this bill's text yet.

What happened

In l9n's words, one line for each step. Every action as the Legislative Assembly published it is below.

In the House of Representatives Jan 11 – Jun 30

  1. Jan 11Introduced
  2. Jan 21Sent to Rules
  3. Jun 30Died when the session ended
All 3 actions, as published
  1. Jan 11First reading. Referred to the desks of the Co-Speakers.House of Representatives
  2. Jan 21Referred to Rules with subsequent referral to Ways and Means.House of Representatives
  3. Jun 30In committee upon adjournment.House of Representatives