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OR HB3809

Bill

Status

Failed

6/27/2025

Primary Sponsor

Ricki Ruiz

Click for details

Origin

House of Representatives

2025 Legislative Measures

AI Summary

  • Establishes the Individual Development Account Fund in the State Treasury, separate from the General Fund, to support programs under ORS 458.675 to 458.700
  • Allocates $2,500,000 each calendar quarter from the Administrative Services Economic Development Fund (lottery moneys) to the Housing and Community Services Department
  • Moneys are continuously appropriated to the Housing and Community Services Department, with interest earned credited back to the fund
  • Declares an emergency, with an effective date of July 1, 2025

Legislative Description

Relating to individual development accounts; declaring an emergency.

Last Action

In committee upon adjournment.

6/27/2025

Committee Referrals

Ways and Means4/4/2025
Higher Education and Workforce Development3/4/2025

Full Bill Text

No bill text available