71st OREGON LEGISLATIVE ASSEMBLY--2001 Regular Session
 
NOTE:  Matter within  { +  braces and plus signs + } in an
amended section is new. Matter within  { -  braces and minus
signs - } is existing law to be omitted. New sections are within
 { +  braces and plus signs + } .
 
LC 672
 
                           A-Engrossed
 
                         Senate Bill 365
                  Ordered by the Senate May 17
            Including Senate Amendments dated May 17
 
Printed pursuant to Senate Interim Rule 213.28 by order of the
  President of the Senate in conformance with presession filing
  rules, indicating neither advocacy nor opposition on the part
  of the President (at the request of Governor John A. Kitzhaber,
  M.D., for Department of Public Safety Standards and Training)
 
 
                             SUMMARY
 
The following summary is not prepared by the sponsors of the
measure and is not a part of the body thereof subject to
consideration by the Legislative Assembly. It is an editor's
brief statement of the essential features of the measure.
 
  Authorizes Department of Public Safety Standards and Training
to take title to real property { +  needed for training
academy + }.
   { +  Modifies purposes for which Director of Oregon Department
of Administrative Services may enter into financing
agreement. + }
 
                        A BILL FOR AN ACT
Relating to Department of Public Safety Standards and Training;
  creating new provisions; and amending ORS 283.085.
Be It Enacted by the People of the State of Oregon:
  SECTION 1.  { + Section 2 of this 2001 Act is added to and made
a part of ORS 181.610 to 181.712. + }
  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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