l9n/ Oregon

2015 Regular Session

House Bill 2897

Directs Department of Veterans' Affairs to develop program under which department, pursuant to contracts with financial institutions, provides loan guarantees or credit guarantees for qualified veterans for purpose of refinancing existing purchase-money mortgages or similar mortgages of homes used primarily as principal residence by veterans.

Did not become law. It stopped in the House of Representatives's Ways and Means Committee on July 6, 2015. The 2015 session has ended.

What it does

The synopsis the Legislative Assembly published with the bill.

Directs Department of Veterans' Affairs to develop<b> </b>program under which department, pursuant to contracts with <i>credit unions</i>]<b> financial institutions</b>, provides loan guarantees or credit guarantees for qualified veterans for purpose of refinancing existing purchase-money mortgages or similar mortgages of homes used primarily as principal residence by veterans. <b>Prohibits department from paying amounts due under loan or credit guarantee agreement from any source other than available funds in Veterans Refinancing and Reintegration Services Fund. Provides that amounts due and payable under agreement do not constitute debt, or lending of credit, of state. Authorizes financial institution to exercise rights against security if there are insufficient available funds to pay amounts due under loan or credit guarantee agreement.</b> Establishes Veterans Refinancing and Reintegration Services Fund. Continuously appropriates moneys in fund to department. <b>Directs Oregon Department of Administrative Services to include in Governor's budget request to Legislative Assembly for each fiscal period amounts sufficient to permit payment of amounts due on unpaid loan and credit guarantees for that fiscal period.</b>

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

5 co-sponsors

Deborah Boone, Sal Esquivel, John Huffman, Julie Parrish, Carla Piluso

Its course

February 6 to July 6, 2015, 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 House of RepresentativesFeb 6 to Jul 6 · stopped150 days

Waiting for a committeeFeb 6 to Feb 137 days

Veterans and Emergency PreparednessFeb 13 to Apr 2773 days

Ways and MeansApr 27 to Jul 6 · stopped70 days

Amendments

Each amendment offered, and what became of it.

  • House of Representatives committee amendmentAdopted

    Adopted Apr 27

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 Feb 6 – Jul 6

  1. Feb 6Introduced
  2. Feb 13Sent to Veterans and Emergency Preparedness
  3. Mar 26Heard in Veterans and Emergency Preparedness
  4. Apr 14Heard in Veterans and Emergency Preparedness
  5. Apr 21Heard in Veterans and Emergency Preparedness
  6. Apr 27Veterans and Emergency Preparedness recommended it as amended, and that it go to Ways and Means
  7. Sent to Ways and Means
  8. Jul 6Died when the session ended
All 8 actions, as published
  1. Feb 6First reading. Referred to Speaker's desk.House of Representatives
  2. Feb 13Referred to Veterans and Emergency Preparedness.House of Representatives
  3. Mar 26Public Hearing held.House of Representatives
  4. Apr 14Work Session held.House of Representatives
  5. Apr 21Work Session held.House of Representatives
  6. Apr 27Recommendation: Do pass with amendments, be printed A-Engrossed, and be referred to Ways and Means.House of Representatives
  7. Apr 27Referred to Ways and Means by order of Speaker.House of Representatives
  8. Jul 6In committee upon adjournment.House of Representatives