HB 3303
Directs the Oregon Business Development Department to study infrastructure financing in Oregon by considering and evaluating tools the state may use to have a positive effect on infrastructure and housing costs in Oregon.
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill directs the Oregon Business Development Department to conduct a study on how the state can lower infrastructure and housing costs. The study will examine various tools and mechanisms the state could use, including changes to law, new financing options, and grant programs. The department must submit a report with its findings and recommendations to the Legislative Assembly by September 15, 2025.
Key provisions
- The Oregon Business Development Department will study infrastructure financing options.
- The study must evaluate potential tools like changes to law and new financing mechanisms.
- The study will analyze interest rates and fees associated with infrastructure bonds.
- The department can request information from public and private sources.
- State agencies are directed to assist the department with the study.
- The department must submit a report to the Legislative Assembly by September 15, 2025.
- The study’s findings may include recommendations for legislation.
- The study is authorized through a $250,000 appropriation.
Who is affected
- Oregon Business Development Department
- Oregon Legislature
- State Agencies
- Homeowners
- Developers
Notable changes
- The bill mandates a comprehensive study of infrastructure financing strategies.
- It requires the department to analyze the costs associated with state and local bonds.
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