71st OREGON LEGISLATIVE ASSEMBLY--2001 Regular Session
 
SA to SB 365
 
LC 672/SB 365-2
 
                      SENATE AMENDMENTS TO
                         SENATE BILL 365
 
                    By COMMITTEE ON JUDICIARY
 
                             May 17
 
  In line 2 of the printed bill, after 'Training' insert ';
creating new provisions; and amending ORS 283.085'.
  Delete lines 6 through 9 and insert:
  '  { +  SECTION 2. + }  { + In carrying out its duties, the
Department of Public Safety Standards and Training may take title
to real property needed for a training academy. + }
  '  { +  SECTION 3. + } ORS 283.085 is amended to read:
  ' 283.085. As used in ORS 283.085 to 283.092, 286.515 and
286.525:
  ' (1) 'Available funds' means funds appropriated or otherwise
made available by the Legislative Assembly to pay amounts due
under a financing agreement for the fiscal period in which the
payments are due, together with any unexpended proceeds of the
financing agreement, and any reserves or other amounts which have
been deposited in trust to pay amounts due under the financing
agreement.
  ' (2) 'Credit enhancement agreement' means any agreement or
contractual relationship between the state and any bank, trust
company, insurance company, surety bonding company, pension fund
or other financial institution providing additional credit on or
security for a financing agreement or certificates of
participation authorized by ORS 283.085 to 283.092, 286.515 and
286.525.
  ' (3) 'Director' means the Director of the Oregon Department of
Administrative Services.
  ' (4)(a) 'Financing agreement' means a lease purchase
agreement, an installment sale agreement, a loan agreement or any
other agreement:
  ' (A) To finance real or personal property that is or will be
owned and operated by the state or any of its agencies;
  ' (B) To finance infrastructure related to a facility that is
owned and operated by the state;
  ' (C) To finance infrastructure components that are owned or
operated by a local government agency of this state if the
director determines that financing the infrastructure will
facilitate the construction or operation of an adult or juvenile
corrections facility  { + or a public safety training
facility + } owned and operated by the state or any of its
agencies; or
  ' (D) To refinance previously executed financing agreements.
  ' (b) As used in this subsection, 'infrastructure' includes,
but is not limited to, sewer and water systems and road
improvements.
  ' (5) 'Personal property' means tangible personal property,
software and fixtures.
  ' (6) 'Property rights' means, with respect to personal
property, the rights of a secured party under ORS chapter 79,
and, with respect to real property, the rights of a trustee or
lender under a lease authorized by ORS 283.089 (5).
 
  ' (7) 'Software' means software and training and maintenance
contracts related to the operation of computing equipment.
  ' (8) 'Treasurer' means the State Treasurer.'.
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