Did not become law. It stopped in the House of Representatives's Veterans and Emergency Preparedness Committee on July 7, 2017. The 2017 session has ended.
2017 Regular Session
House Bill 2847
Directs Department of Veterans' Affairs to develop program under which department, pursuant to contract with financial institution, 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.
What it does
The synopsis the Legislative Assembly published with the bill.
Directs Department of Veterans' Affairs to develop program under which department, pursuant to contract with financial institution, 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. 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. Establishes Veterans Refinancing and Reintegration Services Fund. Continuously appropriates moneys in fund to department. Directs Oregon Department of Administrative Services to include in Governor's budget for each fiscal period amounts sufficient to permit payment of amounts due on unpaid loan and credit guarantees for that fiscal period.
Sponsors
Who carried the bill in each chamber, and who signed on. Each name leads to the member's page.
Its course
February 8 to July 7, 2017, 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 action5 actions on 5 days
In the House of RepresentativesFeb 8 to Jul 7 · stopped149 days
Waiting for a committeeFeb 8 to Feb 102 days
Veterans and Emergency PreparednessFeb 10 to Jul 7 · stopped147 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 Feb 8 – Jul 7
- Feb 8Introduced
- Feb 10Sent to Veterans and Emergency Preparedness
- Mar 16Heard in Veterans and Emergency Preparedness
- Apr 13Heard in Veterans and Emergency Preparedness
- Jul 7Died when the session ended
All 5 actions, as published
- Feb 8First reading. Referred to Speaker's desk.House of Representatives
- Feb 10Referred to Veterans and Emergency Preparedness with subsequent referral to Revenue.House of Representatives
- Mar 16Public Hearing held.House of Representatives
- Apr 13Public Hearing held.House of Representatives
- Jul 7In committee upon adjournment.House of Representatives