Bill
Bill > HB2753
summary
Introduced
01/13/2025
01/13/2025
In Committee
04/11/2025
04/11/2025
Crossed Over
Passed
Dead
06/27/2025
06/27/2025
Introduced Session
2025 Legislative Measures
Bill Summary
The statement includes a measure digest written in compliance with applicable readability standards. Digest: The Act says that the state may issue bonds for the emergency equipment grant pro- gram. (Flesch Readability Score: 67.5). Authorizes the issuance of general obligation bonds under Article XI-Q of the Oregon Constitu- tion for the emergency preparedness equipment grant program. Takes effect on the 91st day following adjournment sine die.
AI Summary
This bill authorizes the State Treasurer to issue general obligation bonds (specifically Article XI-Q bonds) for the Oregon Department of Emergency Management during the 2025-2027 biennium. The bonds will generate $15 million in net proceeds, which will be transferred to the Resiliency Grant Fund established under existing state law. The purpose of these bonds is to support emergency preparedness equipment grants, providing funding to enhance the state's ability to respond to and prepare for potential emergencies. The bill specifies that these bonds are in addition to any existing bond authorization, and the State Treasurer can also include an estimated amount to cover bond-related costs. The legislation will take effect 91 days after the adjournment of the 2025 regular session of the Eighty-third Legislative Assembly, ensuring a clear timeline for implementation of the bond issuance.
Committee Categories
Budget and Finance, Military Affairs and Security
Sponsors (2)
Last Action
In committee upon adjournment. (on 06/27/2025)
Official Document
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