71st OREGON LEGISLATIVE ASSEMBLY--2001 Regular Session
 
HA to HB 3215
 
LC 2906/HB 3215-7
 
                       HOUSE AMENDMENTS TO
                         HOUSE BILL 3215
 
     By COMMITTEE ON SCHOOL FUNDING AND TAX FAIRNESS/REVENUE
 
                            April 30
 
  On page 1 of the printed bill, line 2, delete 'and' and after
'457.010' insert '; and prescribing an effective date'.
  On page 2, delete lines 9 through 14 and insert:
  ' (a) If the urban renewal plan is an existing urban renewal
plan (other than an existing urban renewal plan designated as an
Option Three plan under ORS 457.435 (2)(c)) or an urban renewal
plan adopted on or after the effective date of this 2001 Act, the
total of all district tax rates used to extend taxes after any
adjustment to reflect tax offsets under ORS 310.105 and 310.108,
but does not include any rate derived from:
  ' (A) Any urban renewal special levy under ORS 457.435;
  ' (B) A local option tax, as defined in ORS 280.040, that is
approved by taxing district electors after the effective date of
this 2001 Act; or
  ' (C) A tax pledged to repay exempt bonded indebtedness (other
than exempt bonded indebtedness used to fund local government
pension and disability plan obligations that, until funded by the
exempt bonded indebtedness, were described in section 11 (5),
Article XI of the Oregon Constitution), as defined in ORS
310.140, that is approved by taxing district electors after the
effective date of this 2001 Act; and'.
  On page 3, after line 13, insert:
  '  { +  SECTION 3. + }  { + This 2001 Act takes effect on the
91st day after the date on which the regular session of the
Seventy-first Legislative Assembly adjourns sine die. + } ' .
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