71st OREGON LEGISLATIVE ASSEMBLY--2001 Regular Session
SA to SB 20
LC 236/SB 20-2
SENATE AMENDMENTS TO
SENATE BILL 20
By COMMITTEE ON BUSINESS, LABOR, AND ECONOMIC DEVELOPMENT
March 15
On page 1 of the printed bill, line 2, after the first
semicolon insert 'creating new provisions;' and after ' 673.010'
insert ', 673.150'.
After line 23, insert:
' (6) 'Commission' means money or other consideration
recognized as a commission under rules adopted by the board
pursuant to section 4 of this 2001 Act.'.
In line 24, delete '(6)' and insert '(7)'.
In line 28, delete 'in the context of attestation services'.
On page 2, line 3, delete '(7)' and insert '(8)'.
In line 8, delete '(8)' and insert '(9)' and delete ' (7)(a)'
and insert '(8)(a)'.
In line 9, delete '(9)' and insert '(10)'.
In line 10, delete '(10)' and insert '(11)'.
In line 11, delete '(11)' and insert '(12)'.
In line 15, delete '(12)' and insert '(13)'.
In line 16, delete '(13)' and insert '(14)'.
In line 18, delete '(14)' and insert '(15)'.
After line 18, insert:
' (16) 'Referral fee' means a fee recognized as a referral fee
under rules adopted by the board pursuant to section 4 of this
2001 Act.'.
In line 19, delete '(15)' and insert '(17)'.
In line 21, delete '(16)' and insert '(18)'.
On page 3, line 7, delete '(17)' and insert '(19)'.
In line 9, delete '(18)' and insert '(20)'.
After line 16, insert:
' { + SECTION 1a. + } ORS 673.150 is amended to read:
' 673.150. (1) Permits to engage in the practice of public
accountancy in this state shall be issued by the Oregon Board of
Accountancy biennially to applicants who are:
' (a) Holders of the certificate of certified public accountant
issued under ORS 673.040 to 673.075;
' (b) Holders of a license as defined in ORS 673.010
{ - (7)(b) - } { + (8)(b) + } issued by another jurisdiction,
if the license requirements meet the education, examination and
experience requirements established by the board by rule as
substantially equivalent to the requirements for a certificate
under ORS 673.040, 673.050, 673.060 and 673.075; or
' (c) Public accountants licensed under ORS 673.100.
' (2) The board by rule shall cause all permits issued under
this section to be renewed biennially.
' (3) Applications for permits or for renewals of permits may
be submitted to the board on a form prescribed by the board
within such time periods as the board prescribes by rule.
Applications for permits or for renewals of permits shall be
accompanied by a fee determined by the board by rule.
' (4) Applications for renewals of permits shall be accompanied
by evidence satisfactory to the board that the applicant has
complied with continuing education requirements under ORS 673.165
unless those requirements have been waived by the board.
' (5) A permit that is not renewed by the close of the permit
period may be restored upon payment to the board of a delinquent
renewal fee in an amount determined by the board by rule. Any
permit that is not renewed within 60 days after the close of the
permit period for which it was issued or renewed shall lapse. The
board may restore a lapsed permit upon payment to it of all past
unpaid renewal fees and the delinquent renewal fee. However, the
board may restore a permit issued or renewed for a permit period
that ended more than five years prior to the date of the
application for restoration only upon demonstration satisfactory
to the board that the applicant is qualified to engage in the
practice of public accountancy.
' (6) Notwithstanding subsection (3) of this section, the board
may by rule prescribe a reduced fee for renewal of permits of
those certified public accountants and public accountants who
have reached the age of 65 years.'.
On page 4, line 20, after '(5)' insert '(a)'.
In line 21, after 'any' delete the rest of the line and line 22
and insert 'product or service'.
In line 24, after the period delete the rest of the line and
lines 25 and 26 and insert:
' (b) The board by rule shall specify the manner and form in
which disclosures under this subsection shall be made. The rules
shall require that disclosures required by this subsection:
' (A) Be made in clear and conspicuous writing;
' (B) Be made on or before the time at which the recommendation
or referral that is the basis of the fee is made, or prior to the
time the client retains the licensee to whom the client has been
referred and for which a referral fee or other valuable
consideration has been paid; and
' (C) Be acknowledged by the client in a writing that is signed
and dated by the client.'.
After line 30, insert:
' { + SECTION 3. + } { + Section 4 of this 2001 Act is added
to and made a part of ORS 673.010 to 673.457. + }
' { + SECTION 4. + } { + The Oregon Board of Accountancy
shall adopt rules defining the terms 'commission' and 'referral
fee' for purposes of ORS 673.010 to 673.457. + } ' .
In line 31, delete '3' and insert '5'.
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