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OR SB10
Bill
Status
4/16/2025
Primary Sponsor
Rob Wagner
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AI Summary
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Transfers $10,251,020 from the Educator Advancement Fund to the State School Fund by May 31, 2025, to repay school districts for Federal Forest Fee revenue errors in State School Fund distributions for academic years 2017-2019
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Amends the Oregon Environmental Restoration Fund to specify that interest earned shall be credited to the fund, with the Oregon Watershed Enhancement Board continuing administration
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Approves $73,123 expenditure by State Parks and Recreation Department from Insurance Fund proceeds for Ruble House site interpretation and improvements following damage
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Extends the abolition date of the School Stabilization Subaccount for Wildfire-impacted School Districts from July 1, 2025 to December 31, 2025, with remaining funds transferring to the Statewide Education Initiatives Account
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Transfers administration of the NOAH affordable housing predevelopment financing program from Oregon Facilities Authority to the Housing and Community Services Department, maintaining limits of $500,000 per project at 3% or lower interest for projects under $40 million or 80 units
Legislative Description
Relating to state financial administration; and declaring an emergency.
Last Action
Effective date, April 7, 2025.
4/16/2025