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OR SB5542

Bill

Status

Passed

7/25/2025

Primary Sponsor

Unknown

Origin

Senate

2025 Legislative Measures

AI Summary

  • Establishes maximum expenditure limits for the State Treasurer for the 2025-2027 biennium totaling $157,799,346 from fees and other revenues (excluding lottery and federal funds)

  • Allocates funds across five service areas: Investment services ($62,200,924), Administrative services ($47,007,639), State and local government financial services ($22,984,622), Trust property services ($13,101,542), and Public savings services ($12,504,619)

  • Exempts expenditures for trust property audit fees, investment expenses, and costs incurred on behalf of estates from spending limits

  • Declares an emergency, making the act effective July 1, 2025

Legislative Description

Relating to the financial administration of the State Treasurer; and declaring an emergency.

Last Action

Effective date, July 17, 2025.

7/25/2025

Committee Referrals

Ways and Means6/18/2025
General Government1/18/2025
Ways and Means1/17/2025

Full Bill Text

No bill text available