HB 5036
Limits biennial expenditures from fees, moneys or other revenues, including Miscellaneous Receipts, but excluding lottery funds and federal funds, collected or received by the Real Estate Agency.
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
House Bill 5036 sets a maximum spending limit for the Oregon Department of Real Estate for the 2025-2027 biennium. This limit applies to revenues collected, excluding lottery funds and federal grants. The bill establishes a specific amount of $15,739,193 as the maximum allowable expenditure. An emergency declaration allows the bill to take effect immediately.
Key provisions
- Establishes a maximum spending limit of $15,739,193 for the Oregon Department of Real Estate.
- The limit applies to revenues collected by the agency.
- Lottery funds and federal funds are excluded from this spending limit.
- The spending limit is for the 2025-2027 biennial period.
- An emergency declaration allows the bill to take effect immediately.
Who is affected
- Oregon Department of Real Estate
- State taxpayers
Notable changes
- Creates a specific spending limit for the Oregon Department of Real Estate.
Fiscal impact
The bill establishes a specific budget allocation for the Oregon Department of Real Estate.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Oregon Department of Administrative Services
Arguments in favor
Reasons to support this legislation.
The supporters of the proposed 2025-27 budget request for the Oregon Real Estate Agency emphasize the importance of upgrading the outdated E-License system to improve efficiency and reduce errors. They also stress the need for enhanced regulatory clarity, particularly with regards to wholesalers, who face unique challenges in navigating existing regulations. Advocates argue that this clarity is crucial for promoting fair competition and protecting consumers, as well as facilitating business growth and development in the industry. By investing in these upgrades, supporters believe that the agency can better serve the needs of Oregon's real estate professionals and stakeholders.
Source: Testimony Summaries
Arguments opposed
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