71st OREGON LEGISLATIVE ASSEMBLY--2001 Regular Session
 
SA to A-Eng. HB 2207
 
LC 1231/HB 2207-A2
 
                      SENATE AMENDMENTS TO
                   A-ENGROSSED HOUSE BILL 2207
 
                     By COMMITTEE ON REVENUE
 
                             May 14
 
  On page 1 of the printed A-engrossed bill, line 2, after ' ORS'
insert '294.184, 306.126,'.
  On page 6, after line 21, insert:
  '  { +  SECTION 13. + } ORS 294.184 is amended to read:
  ' 294.184. (1) There is created under ORS 293.445 a suspense
account to be known as the County Assessment Function Funding
Assistance Account. The account shall consist of:
  ' (a) All moneys paid over by the county treasurers as provided
under ORS 294.187; and
  ' (b) All interest earned upon any moneys in the account.
  ' (2) Of the moneys in the account as of the last day of each
fiscal quarter, the moneys necessary to pay the following
Department of Revenue expenses shall be transferred to a suspense
account of the department created under ORS 293.445 and are
continuously appropriated to the department for:
  ' (a) Expenses incurred in carrying out the purposes of ORS
294.175 to 294.184; and
  ' (b) Appraisal expenses incurred by the department in
appraising  { + principal and + } secondary industrial properties
identified under ORS 306.126 { +  and property of centrally
assessed companies under ORS 308.505 to 308.665 + }.
  ' (3) The total amount of moneys transferred to the suspense
account of the department under subsection (2) of this section
may not exceed 10 percent of the moneys in the account as of the
last day of the fiscal quarter for which the transfer is being
made.
  ' (4) The remainder of the moneys in the account as of the last
day of the fiscal quarter shall be used for the purpose of making
the grant payments to counties as required under ORS 294.178 and
are continuously appropriated to the department for that purpose.
  '  { +  SECTION 14. + }  { + The amendments to ORS 294.184 by
section 13 of this 2001 Act apply to transfers made in fiscal
quarters beginning on or after July 1, 2001. + }
  '  { +  SECTION 15. + } ORS 306.126 is amended to read:
  ' 306.126. (1)(a) As used in this section:
  ' (A) 'Principal industrial property' means any unit of
industrial property having a real market value of the
improvements on the assessment roll for the preceding year of
more than $5 million.
  ' (B) 'Secondary industrial property' means any unit of
industrial property having a real market value of the
improvements on the assessment roll for the preceding year of
more than $1 million but of $5 million or less.
  ' (b) The Department of Revenue shall appraise each principal
industrial property situated within each county and advise the
county assessor of its real market and assessed value and the
real market value of its net improvements. No part of the cost of
the appraisal shall be borne by the county. { +  The cost of the
appraisal may be reimbursed from the County Assessment Function
Funding Assistance Account as provided under ORS 294.184. + }
  ' (c) The department shall appraise each secondary industrial
property situated within each county and advise the assessor of
its real market and assessed value and the real market value of
its net improvements. The cost of the appraisal shall be
reimbursed from the County Assessment Function Funding Assistance
Account as provided under ORS 294.184.
  ' (2) The department shall advise the assessor of the values
determined under subsection (1) of this section by a date that is
determined to give the assessor sufficient time to prepare the
assessment roll.
  ' (3) Notwithstanding subsection (1)(b) or (c) of this section,
upon request of the county assessor, made prior to January 1 of
the assessment year and accompanied by any information required
by the department, including but not limited to a summary of the
county's proposed budget of expenditures for appraisals for
principal or secondary industrial properties, the department may
delegate its responsibility for making the appraisals, or any of
them, required under subsection (1)(b) or (c) of this section, to
the county assessor. Except as provided under ORS 294.175 to
294.184, if responsibility is delegated under this subsection,
the entire cost of making the appraisals delegated shall be borne
by the county. No appeal may be taken from any determination of
the department under this subsection.
  ' (4) The department may adopt any rules necessary to carry out
the purposes of this section.
  ' (5) The department may adopt an appraisal schedule that
promotes the efficient use of its resources.'.
  In line 22, delete '13' and insert '16'.
                         ----------