71st OREGON LEGISLATIVE ASSEMBLY--2001 Regular Session
 
SA to SB 331
 
LC 1082/SB 331-2
 
                      SENATE AMENDMENTS TO
                         SENATE BILL 331
 
              By JOINT COMMITTEE ON WAYS AND MEANS
 
                             April 3
 
  On page 1 of the printed bill, line 3, delete the third ' and'
and after 'money' insert '; and declaring an emergency'.
  On page 2, line 3, delete 'Fund' and insert 'Account'.
  Delete lines 7 through 25 and insert:
  '  { +  SECTION 3. + }  { + (1) A nurse or prospective nurse
applicant who is a graduate of an accredited nursing program with
a baccalaureate or associate degree and who wishes to participate
in the Nursing Services Program established under section 2 of
this 2001 Act shall agree that:
  ' (a) For each year of nursing school, the applicant designates
an agreed amount, not to exceed $8,800 or the amount determined
under subsection (2) of this section, as a qualifying loan for
the program.
  ' (b) In the four years following the execution of a Nursing
Services Program agreement with the Oregon Student Assistance
Commission, a nurse agrees to practice for at least two full
years in a nursing critical shortage area in Oregon.
  ' (c) For not less than two nor more than four years that the
nurse practices in a nursing critical shortage area, the
commission shall annually pay:
  ' (A) For full-time practice, an amount equal to 25 percent of
the total of all qualifying loans made to the nurse.
  ' (B) For half-time practice, an amount equal to 12.5 percent
of the total of all qualifying loans made to the nurse.
  ' (d) If the nurse does not complete the full service
obligation set forth in paragraphs (b) and (c) of this
subsection, the commission shall collect 100 percent of any
payments made by the commission to the nurse under the Nursing
Services Program. In addition, the commission shall assess
against the nurse a penalty equal to 50 percent of the qualifying
loans and interest paid by the commission.
  ' (2)(a) On July 1 of each year, beginning in 2002 and ending
in 2007, the Oregon Student Assistance Commission shall adjust
the maximum dollar amount allowed under subsection (1)(a) of this
section as a qualifying loan by multiplying the amount by a
cost-of-living adjustment as specified in this subsection.
  ' (b) The cost-of-living adjustment applied on July 1 each year
by the commission shall be equal to the ratio of the seasonally
adjusted United States City Average Consumer Price Index for All
Urban Consumers as published by the Bureau of Labor Statistics of
the United States Department of Labor for April of the calendar
year divided by the value of the same index for April 2001.
  ' (c) Beginning on July 1, 2008, the commission shall use the
cost-of-living adjustment calculated for July 1, 2007.
  ' (d) If the value of the dollar amount determined under
paragraph (a) of this subsection is not a multiple of $100, the
commission shall round the dollar amount to the next lower
multiple of $100. + } ' .
  On page 4, delete lines 19 through 25 and insert:
 
  ' (4)(a) There is established in the General Fund an account to
be known as the Nursing Services Account. Funds in the account
shall be used for the payment of expenses of the Nursing Services
Program created in section 2 of this 2001 Act.
  ' (b) The account shall consist of:
  ' (A) Funds appropriated to the Oregon Student Assistance
Commission for deposit into the account;
  ' (B) Collections and penalties received by the commission
under section 3 of this 2001 Act; and
  ' (C) Any donations or grants received by the commission for
purposes of the Nursing Services Program.
  ' (c) Any funds in the account that are not expended in any
biennium shall be retained in the account and may be expended in
the next biennium.
  '  { +  SECTION 7. + }  { + There is appropriated to the Oregon
Student Assistance Commission, for the biennium beginning July 1,
2001, out of the General Fund, the amount of $315,000, for
deposit into the Nursing Services Account established by ORS
348.570 for the Nursing Services Program. + } ' .
  In line 26, delete '7' and insert '8'.
  After line 26, insert:
  '  { +  SECTION 9. + }  { + This 2001 Act being necessary for
the immediate preservation of the public peace, health and
safety, an emergency is declared to exist, and this 2001 Act
takes effect July 1, 2001. + } ' .
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