2011 Regular Session

Senate Bill 754

Establishes within Emergency Reserve Fund, established in Senate Joint Resolution 26 (2011), Higher Education Stability Subaccount.

Did not become law. It stopped in the Senate on June 30, 2011. The 2011 session has ended.

What it does

The synopsis the Legislative Assembly published with the bill.

Establishes Oregon Universities Stability Fund and Universities Capital Improvement and Maintenance Subaccount. Sets conditions for appropriation of moneys in fund and subaccount. Transfers surplus corporate income and excise tax revenue to fund.] Transfers surplus personal income tax revenues that do not exceed six percent of revenue estimate to Oregon Rainy Day Fund. Transfers surplus personal income tax revenues exceeding six percent of revenue estimate to taxpayers.] Repeals statutory provisions establishing Oregon Rainy Day Fund. Provides that transfer of portion of ending balance to Oregon Rainy Day Fund does not occur if amount in fund equals at least 12 percent of General Fund revenues collected during prior biennium.] Establishes within Emergency Reserve Fund, established in Senate Joint Resolution 26 (2011), Higher Education Stability Subaccount. Establishes Higher Education Capital Improvement and Maintenance Subaccount within Higher Education Stability Subaccount. Authorizes, upon making certain findings and passing with three-fifths majority vote, Legislative Assembly to appropriate moneys from subaccounts for purposes of benefiting higher education institutions and activities, community colleges authorized by law to receive state aid and capital improvements or deferred maintenance at Oregon University System or community college facilities. Implements Senate Joint Resolution 26 (2011) by changing statutory references to Oregon Rainy Day Fund to Emergency Reserve Fund. Repeals obsolete statutory provisions relating to Oregon Rainy Day Fund. Provides that surpluses of personal income tax revenues in excess of two percent of forecast revenues are equally deposited in Emergency Reserve Fund and returned to personal income taxpayers. Provides that surpluses of corporate excise or income tax revenues in excess of two percent be deposited in Emergency Reserve Fund. Takes effect only if Senate Joint Resolution 30] 26 (2011) is approved by people at next regular general election. Takes effect on effective date of constitutional amendment proposed in Senate Joint Resolution 30] 26 (2011).

Its course

February 17 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 action8 actions on 7 days

In the SenateFeb 17 to Jun 30 · stopped133 days

Waiting for a committeeFeb 17 to Feb 225 days

Finance and RevenueFeb 22 to May 976 days

Amendments

Each amendment offered, and what became of it.

Senate committee amendmentAdopted
Adopted May 9

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 Senate Feb 17 – Jun 30

Feb 17Introduced
Feb 22Sent to Finance and Revenue
Apr 6Heard in Finance and Revenue
Apr 18Heard in Finance and Revenue
May 4Heard in Finance and Revenue
May 9Finance and Revenue recommended it as amended
Jun 30Died when the session ended

All 8 actions, as published

Feb 17Introduction and first reading. Referred to President's desk.Senate
Feb 22Referred to Finance and Revenue, then Rules.Senate
Apr 6Public Hearing held.Senate
Apr 18Work Session held.Senate
May 4Work Session held.Senate
May 9Recommendation: Do pass with amendments and subsequent referral to Rules be rescinded.Senate
May 9Rescinding of the subsequent referral denied by Order of the President.Senate
Jun 30In committee upon adjournment.Senate