l9n/ Oregon

2019 Regular Session

House Bill 3123

Provides that certain public bodies and intergovernmental entities may not issue bonds to finance pension liabilities without first obtaining independent assessment of likelihood that investment returns on bond proceeds will exceed interest cost of bonds and issuing public report relating to proposed bond issuance.

Did not become law. It stopped in the House of Representatives's Ways and Means Committee on June 30, 2019. The 2019 session has ended.

What it does

The synopsis the Legislative Assembly published with the bill.

Provides that certain public bodies and intergovernmental entities may not issue bonds to finance pension liabilities without first obtaining <b>independent</b> assessment <i>from independent registered municipal advisor of advisability of proposed bond issuance</i>]<b> of likelihood that investment returns on bond proceeds will exceed interest cost of bonds and issuing public report relating to proposed bond issuance</b>. <b>Requires State Treasurer to provide annual report to State Debt Policy Advisory Commission on interest rates and rate of return on bonds that are issued on or after effective date of Act to finance pension liabilities and that remain outstanding.</b> Takes effect on 91st day following adjournment sine die.

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

In the Senate

Its course

February 27 to June 30, 2019, 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 27 to Jun 30 · stopped123 days

Waiting for a committeeFeb 27 to Mar 45 days

RulesMar 4 to May 1673 days

Ways and MeansMay 16 to Jun 30 · stopped45 days

Amendments

Each amendment offered, and what became of it.

  • House of Representatives committee amendmentAdopted

    Adopted May 16

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 27 – Jun 30

  1. Feb 27Introduced
  2. Mar 4Sent to Rules
  3. Apr 3Heard in Rules
  4. May 8Heard in Rules
  5. May 13Heard in Rules
  6. May 16Rules recommended it as amended, and that it go to Ways and Means
  7. Sent to Ways and Means
  8. Jun 30Died when the session ended
All 8 actions, as published
  1. Feb 27First reading. Referred to Speaker's desk.House of Representatives
  2. Mar 4Referred to Rules.House of Representatives
  3. Apr 3Public Hearing held.House of Representatives
  4. May 8Work Session held.House of Representatives
  5. May 13Work Session held.House of Representatives
  6. May 16Recommendation: Do pass with amendments, be printed A-Engrossed, and be referred to Ways and Means.House of Representatives
  7. May 16Referred to Ways and Means by order of Speaker.House of Representatives
  8. Jun 30In committee upon adjournment.House of Representatives