HB 5001
Limits biennial expenditures from fees, moneys or other revenues, including Miscellaneous Receipts, but excluding lottery funds and federal funds, collected or received by the Oregon Board of Accountancy.
Jurisdiction
Oregon
Session
2025 Regular Session
At the request of
(at the request of Oregon Department of Administrative Services)
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Sign in to take actionPublic sentiment
Support
100%
Oppose
0%
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill sets a limit on how much money the Oregon Board of Accountancy can spend during the 2025-2027 biennium. Specifically, it restricts spending to $4,360,279, using funds collected through fees, revenues, and Miscellaneous Receipts. Lottery funds and federal funds are excluded from this spending limit. An emergency declaration allows the bill to take effect on July 1, 2025.
Key provisions
- Establishes a spending limit of $4,360,279 for the Oregon Board of Accountancy.
- The limit applies to expenditures from fees, moneys, and Miscellaneous Receipts.
- Lottery funds and federal funds are specifically excluded from this spending limit.
- The bill is effective July 1, 2025, due to an emergency declaration.
Who is affected
- Oregon Board of Accountancy
- Taxpayers (indirectly, through Board fees)
- State of Oregon budget process
Notable changes
- Creates a specific spending limit for the Oregon Board of Accountancy's biennial budget.
- Clarifies which revenue sources can be used for expenditures.
Fiscal impact
The bill establishes a specific budget allocation for the Oregon Board of Accountancy, impacting the state's overall budget and potentially influencing the Board's operational spending.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Oregon Department of Administrative Services
Arguments in favor
Reasons to support this legislation.
The testimony in support of HB 5001 emphasizes the need for increased funding for need-based accounting scholarships, citing the significant pipeline challenges faced by the accounting profession in Oregon. Testifiers from the Oregon Society of Certified Public Accountants (OSCPA) and other stakeholders argue that high education costs are driving talented individuals out of the field, resulting in a shortage of qualified accountants. They contend that providing funding for need-based scholarships would help address this issue, promote diversity and inclusion in the profession, and ultimately benefit the state's economy and businesses. By supporting HB 5001, proponents aim to create a more sustainable pipeline of accounting professionals, ensuring the long-term viability of the field and its contribution to Oregon's economic growth.
Source: Testimony Summaries
Arguments opposed
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