HB 5050
Modifies the amounts authorized for issuance of general obligation bonds in the 2023-2025 biennium.
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 action- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill adjusts the amounts the state is authorized to borrow through general obligation bonds for the 2023-2025 biennium. It also sets limits on how state funds can be spent through fees, revenues, and federal funds during that same period. An emergency declaration allows the bill to take effect immediately upon passage.
Key provisions
- Authorizes increased borrowing through general obligation bonds.
- Establishes maximum spending limits for state expenditures from fees and revenues (excluding lottery and federal funds).
- Sets maximum spending limits for state expenditures from federal funds.
- Allocates funds from the General Fund to a specific agency for biennial expenses.
- Declares an emergency, effective July 1, 2025.
Who is affected
- Oregon State Government
- State Agencies
- Taxpayers
- Federal Fund Recipients
- General Public
Notable changes
- Increases authorized borrowing amounts.
- Establishes spending limits on state revenues and fees.
- Sets spending limits on federal funds.
Fiscal impact
The bill appropriates funds from the General Fund and establishes spending limits, potentially impacting state budget allocations and agency operations.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Oregon Department of Administrative Services
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