Relating to county road fund moneys; and prescribing an effective date.
It became law on Aug 18, 2017.
- Stage
- Became law
- Started in
- House
- Sponsors
- 3
- Latest action
- Aug 18, 2017
What it does
Authorizes moneys from federal sources in county road fund of Curry County, Klamath County or Yamhill County to be loaned to taxing district within county, another county or taxing district within another county, only pursuant to legally binding intergovernmental agreement or loan agreement. Provides maximum limit on loan amount. Provides that rate of interest may not be less than average rate of return earned over immediately preceding 12-month period by county moneys in local government investment pool. Requires intergovernmental agreement or loan agreement to establish remedies in favor of lender county if borrower taxing district or county defaults on debt service obligations. Requires…
Where it stands
This bill passed and is now law.
Introduced (Done)
Committee (Done)
Floor (Done)
Law (Done)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
In the news
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Where it goes next
Once a bill is decided, the questions are about what is done with it in Oregon.