Senate Joint Resolution 13

Proposes amendment to Oregon Constitution to require deposit of excess revenues in Emergency Reserve Fund. Defines excess revenues as percentage amount of General Fund revenues available for biennium equal to percentage difference between General Fund revenues available for biennium and General Fund appropriations for preceding biennium minus average two-year percentage change in statewide personal income in six calendar years preceding biennium. Establishes Emergency Reserve Fund. Authorizes Legislative Assembly, upon making certain findings and with three-fifths majority vote, to appropriate moneys in fund. Limits appropriations that may be made from fund during any one biennium. Specifies that, if amount in Emergency Reserve Fund equals at least 14 percent of General Fund revenues in prior biennium, amount that would be transferred to Emergency Reserve Fund shall be returned to taxpayers. Applies to biennia beginning on or after July 1, 2015. Refers proposed amendment to people for their approval or rejection at next regular general election.

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

In the Senate Jan 14 – Jul 8

1. Jan 14Introduced
2. Jan 16Sent to Finance and Revenue
3. Mar 18Heard in Finance and Revenue
4. Jul 8Died when the session ended