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OR SB5542
Bill
AI Summary
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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)
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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)
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Exempts expenditures for trust property audit fees, investment expenses, and costs incurred on behalf of estates from spending limits
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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