Bill > HB2515

This bill allows public bodies in Oregon to create investment pools with more flexibility, enabling them to pool their funds or bond proceeds for investment without mandatory oversight from the State Treasurer and the Oregon Investment Council (OIC). Specifically, the bill modifies existing law to permit public bodies to establish investment pools through written intergovernmental agreements under ORS chapter 190. The bill expands the current provisions by allowing public bodies to create pools not just for bond proceeds (as previously allowed), but also for other funds that do not constitute proceeds as defined in existing statutes. When establishing these pools, participating public bodies can exercise the same investment powers previously granted to the State Treasurer and OIC. Additionally, the bill amends ORS 294.035 to explicitly include these new investment pools as an authorized investment type for custodial officers. This change provides local governments and public bodies more autonomy in managing and investing their funds, potentially offering more efficient and tailored investment strategies.

Budget and Finance, Military Affairs and Security

https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/HB2515