Proposing amendment to Oregon Constitution relating to a reserve fund.
Catchline/Summary:
Proposes amendment to Oregon Constitution to establish Oregon Reserve Fund, to consist of 50 percent of General Fund ending balance and 50 percent of taxes on capital gains. Proposes amendment to Oregon Constitution to establish Oregon Reserve Fund, to consist of 50 percent of General Fund ending balance and 50 percent of taxes on capital gains. Caps reserve fund at 10 percent of General Fund revenues received in prior biennium. Specifies conditions for appropriating moneys from reserve fund.
Refers proposed amendment to people for their approval or rejection at next regular general election.
Chapter Number:
Fiscal Impact:
May Have Fiscal Impact, But No Statement Yet Issued
Revenue Impact:
May Have Revenue Impact, But No Statement Yet Issued
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HJR 55 House Committee On Revenue
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