Proposing amendment to Oregon Constitution relating to establishment of a reserve fund.
Catchline/Summary:
Proposes amendment to Oregon Constitution to establish reserve fund intended to provide funding in response to economic decline. Proposes amendment to Oregon Constitution to establish reserve fund intended to provide funding in response to economic decline. Establishes mandated savings rate from surplus revenues. Transfers surplus revenue above estimate for biennium to reserve fund. Returns surplus revenue that exceeds certain thresholds to personal income taxpayers.
Refers proposed amendment to people for their approval or rejection at special election held on date specified in chapter ___, Oregon Laws 2010 (Enrolled ___ Bill ___) (LC ___). .
Chapter Number:
Fiscal Impact:
May Have Fiscal Impact, But No Statement Yet Issued
Revenue Impact:
May Have Revenue Impact, But No Statement Yet Issued
Oregon Legislative Assembly - Public Testimony Registration Form
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SJR 45 Senate Committee On Finance and Revenue
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