l9n/ Oregon

2018 Regular Session

Senate Bill 1516

Establishes Small Business Expansion Loan Fund to be administered by Oregon Business Development Department for purpose of making loans of early stage growth capital to individuals and business entities with 50 or fewer employees that may not be able to obtain adequate traditional commercial or private financing to meet operational and growth needs.

Became law as Chapter 71, Oregon Laws 2018, signed April 3, 2018, 71 days after it was filed. In force from January 1, 2019.

What it does

The synopsis the Legislative Assembly published with the bill.

Establishes Small Business Expansion Loan Fund to be administered by Oregon Business Development Department for purpose of making loans of early stage growth capital to individuals and business entities with 50 or fewer employees that may not be able to obtain adequate traditional commercial or private financing to meet operational and growth needs. <b>Provides that no individual loan may be made for amount greater than $2 million.</b> Authorizes Oregon Business Development Commission to transfer moneys in Oregon Business Development Fund to Small Business Expansion Loan Fund when reasonable and financially appropriate for purpose of making loans under Act.

Sponsors

Who carried the bill in each chamber, and who signed on. Each name leads to the member's page.

In the Senate

15 co-sponsors

Peter Courtney, Michael Dembrow, Lew Frederick, Sara Gelser Blouin, Mark Hass, Betsy Johnson, James Manning Jr., Laurie Monnes Anderson, Rod Monroe, Floyd Prozanski, Chuck Riley, Arnie Roblan, Elizabeth Steiner, Kathleen Taylor, Chuck Thomsen

In the House of Representatives

    7 co-sponsors

    Janelle Bynum, Cedric Hayden, Jeffrey Helfrich, Julie Parrish, Ken Helm, Caddy McKeown, Janeen Sollman

    Its course

    January 22 to April 11, 2018, 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 action24 actions on 13 days

    In the SenateJan 22 to Mar 138 days

    Waiting for a committeeJan 22 to Feb 514 days

    Business and TransportationFeb 5 to Feb 83 days

    Ways and MeansFeb 8 to Feb 26 · moved on18 days

    Transportation and Economic DevelopmentFeb 26 to Feb 27 · moved on1 day

    Ways and MeansFeb 27 to Mar 12 days

    In the House of RepresentativesMar 1 to Mar 32 days

    Waiting for a committeeMar 1 to Mar 10 days

    Ways and MeansMar 1 to Mar 21 day

    With the GovernorMar 3 to Apr 331 days

    Votes

    Yeas to nays, as the Legislative Assembly recorded them. Committee votes are set in.

    • Senate, third reading29–0

      Passed · Mar 1 · 1 present

    • House of Representatives, third reading55–3

      Passed · Mar 3 · 2 present

    Amendments

    Each amendment offered, and what became of it.

    • Senate committee amendmentAdopted

      Adopted Feb 8

    • Senate committee amendmentAdopted

      Adopted Mar 1

    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 22 – Mar 1

    1. Jan 22Filed before the session
    2. Feb 5Introduced
    3. Sent to Business and Transportation
    4. Feb 7Heard in Business and Transportation
    5. Feb 8Business and Transportation recommended it as amended, and that it go to Ways and Means
    6. Sent to Ways and Means
    7. Feb 26Sent to Transportation and Economic Development Subcommittee
    8. Feb 27Heard in Transportation and Economic Development Subcommittee
    9. Returned to Ways and Means
    10. Feb 28Heard in Ways and Means
    11. Mar 1Ways and Means recommended it as amended
    12. Read a second time
    13. Passed the Senate, 29 to 0

    In the House of Representatives Mar 1 – Mar 3

    1. Mar 1Arrived in the House of Representatives
    2. Sent to Ways and Means
    3. Mar 2Ways and Means recommended it
    4. Read a second time
    5. Mar 3Passed the House of Representatives, 55 to 3

    To the Governor Mar 6 – Apr 11

    1. Mar 6Signed in the Senate
    2. Signed in the House of Representatives
    3. Apr 3Signed by the Governor
    4. Apr 11Became chapter 71 of Oregon Laws 2018
    5. In force from January 1, 2019
    All 24 actions, as published
    1. Jan 22Presession Released to the Public.Senate
    2. Feb 5Introduction and first reading. Referred to President's desk.Senate
    3. Feb 5Referred to Business and Transportation, then Ways and Means.Senate
    4. Feb 7Public Hearing and Work Session held.Senate
    5. Feb 8Recommendation: Do pass with amendments and be referred to Ways and Means by prior reference. (Printed A-Eng.)Senate
    6. Feb 8Referred to Ways and Means by prior reference.Senate
    7. Feb 26Assigned to Subcommittee On Transportation and Economic Development.Senate
    8. Feb 27Work Session held.Senate
    9. Feb 27Returned to Full Committee.Senate
    10. Feb 28Work Session held.Senate
    11. Mar 1Recommendation: Do pass with amendments to the A-Eng. bill. (Printed B-Eng.) Amendments distributed.Senate
    12. Mar 1Second reading.Senate
    13. Mar 1Rules suspended. Third reading. Carried by Burdick. Passed.Senate
    14. Mar 1Johnson declared potential conflict of interest.Senate
    15. Mar 1First reading. Referred to Speaker's desk.House of Representatives
    16. Mar 1Referred to Ways and Means.House of Representatives
    17. Mar 2Recommendation: Do pass.House of Representatives
    18. Mar 2Second reading.House of Representatives
    19. Mar 3Third reading. Carried by Gomberg. Passed.House of Representatives
    20. Mar 6President signed.Senate
    21. Mar 6Speaker signed.House of Representatives
    22. Apr 3Governor signed.Senate
    23. Apr 11Chapter 71, 2018 Laws.Senate
    24. Apr 11Effective date, January 1, 2019.Senate