l9n/ Oregon

2011 Regular Session

Senate Joint Resolution 10

Proposes amendment to Oregon Constitution to create Oregon Rainy Day Fund.

Died when the session ended, on June 30, 2011.

What it does

The synopsis the Legislative Assembly published with the bill.

Proposes amendment to Oregon Constitution to create Oregon Rainy Day Fund. Sets conditions for appropriation of moneys in fund. Transfers surplus corporate income or excise tax revenues to fund. Transfers surplus personal income tax revenues that do not exceed six percent of revenue estimate to fund. Transfers surplus personal income tax revenues exceeding six percent of revenue estimate to taxpayers. Provides that if moneys in Oregon Rainy Day Fund equal at least 12 percent of General Fund revenues collected during prior biennium, interest on fund is transferred to General Fund, surplus corporate income or excise tax revenues are applied to retire state general obligation bond debt and surplus personal income tax revenues are returned to taxpayers. Refers proposed amendment to people for their approval or rejection at next regular general election.

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 Jan 10 – Jun 30

  1. Jan 10Introduced
  2. Jan 14Sent to Finance and Revenue
  3. Jun 30Died when the session ended
All 3 actions, as published
  1. Jan 10Introduction and first reading. Referred to President's desk.Senate
  2. Jan 14Referred to Finance and Revenue, then Rules.Senate
  3. Jun 30In committee upon adjournment.Senate