71st OREGON LEGISLATIVE ASSEMBLY--2001 Regular Session
SA to SB 292
LC 722/SB 292-5
SENATE AMENDMENTS TO
SENATE BILL 292
By COMMITTEE ON BUSINESS, LABOR, AND ECONOMIC DEVELOPMENT
March 7
On page 1 of the printed bill, line 4, delete '285B.165,'.
In line 5, delete '285B.168, 285B.174,' and after ' 285B.422,'
insert '285B.425,'.
In line 6, delete 'and 285B.581' and insert ', 285B.581 and
777.195'.
In line 7, delete 'and 285B.596' and insert ', 285B.596 and
778.240'.
In line 9, delete 'and 285B.596' and insert ', 285B.596 and
778.240'.
On page 3, lines 12 and 13, restore the bracketed material and
delete the boldfaced material.
In line 15, delete 'department' and insert 'Economic and
Community Development Department' and after 'projects' insert '
determined by the commission to further economic and community
development'.
In line 17, after 'projects' insert 'determined by the
commission to further economic and community development'.
In line 25, restore the bracketed material and delete the
boldfaced material.
On page 8, delete lines 37 through 45 and delete page 9 and
insert:
' { + NOTE: + } Sections 21 through 25 were deleted by
amendment. Subsequent sections were not renumbered.'.
On page 10, line 41, after the comma insert 'as specified in
rules adopted by the Economic and Community Development
Department,'.
On page 13, line 10, restore 'on such amounts compounded
annually at five percent.'.
In line 13, delete the period.
Delete lines 40 through 45 and insert:
' { + SECTION 30. + } ORS 285B.422 is amended to read:
' 285B.422. (1) The Economic and Community Development
Department may provide financial assistance to municipalities for
infrastructure projects that are community facilities projects as
described in ORS 285B.410 { - (2)(d) - } .
' (2) Before providing financial assistance for a community
facilities project, the Economic and Community Development
Department must find that:
' (a) The municipality has demonstrated that the community
facilities project will provide long term benefits to the
municipality;
' (b) The community facilities project will benefit a broad
cross-section of the municipality;
' (c) There is a substantial local commitment to the community
facilities to be financed; and
' (d) There is a need for the proposed community facilities
project, and the municipality's financial resources are adequate
to provide the working capital needed to ensure success of the
project.
' (3) { + (a) + } Notwithstanding any other provision of ORS
285B.410 to 285B.479 { + and except as provided in this
subsection + }, community facilities projects shall be eligible
only for loans made with moneys derived from the sale of revenue
bonds issued under ORS 285B.467 or for loans made from the
Special Public Works Fund.
' { + (b) Grants from the Special Public Works Fund may be
made for a community facilities project that is an essential
community facilities project, as determined in accordance with
rules adopted by the department after consultation with the
League of Oregon Cities, the Association of Oregon Counties, the
Oregon Public Ports Association and Special Districts Association
of Oregon. + } { - No grants shall be made from the Special
Public Works Fund for the costs of a community facilities
project. - } Loans or grants from the Special Public Works Fund
and loans from the proceeds of revenue bonds issued under ORS
285B.467 may be used to pay issuance costs and for the funding of
any debt service reserve for any revenue bonds issued under ORS
285B.467 to finance community facilities.
' { + (c) The department shall determine the maximum amount
of a grant to a municipality from the Special Public Works Fund
for an essential community facilities project. However, a grant
may not exceed 85 percent of the total project costs. + }
' (4) ORS 285B.413 (1) and (2), 285B.419 (1), 285B.434 (2), (4)
and (5), 285B.464 and 285B.467 (2) and (8) do not apply to a
municipality applying for financial assistance for a community
facilities project.
' { + SECTION 30a. + } ORS 285B.425 is amended to read:
' 285B.425. (1) There is established within the Special Public
Works Fund an account to be known as the Community Facilities
Account. All moneys in the Community Facilities Account are
continuously appropriated to the Economic and Community
Development Department for the purpose of providing financial
assistance to municipalities for community facilities projects.
' (2) The Community Facilities Account shall consist of:
' (a) Moneys appropriated to the Community Facilities Account
by the Legislative Assembly.
' (b) Moneys transferred to the Community Facilities Account
from the federal government, other state agencies or local
governments.
' (c) Repayment of financial assistance provided to
municipalities.
' (d) Earnings on moneys in the Community Facilities Account.
' (e) Any gifts or donations made to the State of Oregon for
deposit in the Community Facilities Account.
' (3) Moneys in the Community Facilities Account shall be used
to provide financial assistance to municipalities for community
facilities projects by means of loans, { + grants, + } the
purchase of the bonds or other obligations of municipalities or
the guaranty of all or any portion of the obligations of a
municipality that are issued to finance a community facilities
project.'.
On page 14, delete lines 1 through 15.
On page 15, line 19, restore 'four' and delete the blank.
On page 18, line 3, restore 'on such amounts compounded
annually at five percent.'.
In line 6, delete the period.
In line 25, restore 'four'.
In line 26, delete the blank.
On page 19, after line 33, insert:
' { + SECTION 39a. + } ORS 777.195 is amended to read:
' 777.195. A port may, for hire:
' (1) Acquire, charter, own, { + lease, rent, dispose of, + }
maintain and operate { + towboats, barges and other + }
watercraft for the transportation of all kinds of merchandise,
freight and commercial or recreational passengers, and engage
generally in { - the coastwise - } { + maritime + } trade and
commerce, { - both domestic and foreign - } { + within or
without the boundaries of this state + }.
' (2) Own, acquire, construct, operate and maintain railroad
terminal grounds and yards; and construct, operate and maintain
such line or lines of railroad, with necessary sidetrack,
turnouts, switches and connection and arrangements with other
common carriers, as may facilitate water commerce between common
carriers and points within the port; and carry and transport
freight and passengers and move passenger trains over the lines.
' { - (3) Acquire, own, lease, rent, operate, maintain and
dispose of towboats, barges and other vessels for the
transportation of cargo or passengers in maritime commerce on the
Columbia and Snake Rivers and their tributaries, within or
without the boundaries of this state. - }
' { - (4) - } { + (3) + } Acquire, own, lease, rent,
operate, maintain and dispose of unit trains and related
facilities for the transportation of bulk commodities to
facilities within the port from locations within or without the
port.'.
In line 34, delete '39' and insert '39a'.
In line 35, delete 'and 285B.596' and insert ', 285B.596 and
778.240'.
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