71st OREGON LEGISLATIVE ASSEMBLY--2001 Regular Session
 
HA to SB 387
 
LC 918/SB 387-1
 
                       HOUSE AMENDMENTS TO
                         SENATE BILL 387
 
              By COMMITTEE ON GOVERNMENT EFFICIENCY
 
                            March 21
 
  On page 1 of the printed bill, line 2, after 'ORS' insert '
407.085,'.
  In line 3, after '407.515' insert '; and declaring an
emergency'.
  On page 3, after line 3, insert:
  '  { +  SECTION 5. + } ORS 407.085 is amended to read:
  ' 407.085. (1) As used in   { - section 1, - }  Article XI-A,
Oregon Constitution, and   { - in - }  this chapter, for the
purposes of administration  { - , - }  { + : + }
  '  { +  (a) + } 'Acquisition' means:
  '  { - (a) - }   { + (A) + } Purchase and improvement of a home
or farm.
  '  { - (b) - }   { + (B) + } Payment of the balance of the
purchase price and interest on a purchase contract, and the
improvement of property thereby acquired.
  '  { - (c) - }   { + (C) + }   { - Refinancing - }
 { + Refinance + } of an existing purchase-money mortgage or
mortgage in the nature thereof, and the improvement of property
thereby purchased.
  '  { - (d) - }   { + (D) + } Improvement of a home or farm.
  '  { - (2) As used in Article XI-A, Oregon Constitution, and in
ORS 407.165, 407.415, 407.495 and 407.515 to 407.565, 'bond '
includes, but is not limited to, serial bonds, term bonds, notes
and other evidence of indebtedness. - }
  '  { +  (b) 'Bonds' includes, but is not limited to, serial
bonds, term bonds, notes, obligations, lines of credit, revolving
credit agreements, loans, financing agreements or other evidence
of indebtedness determined by the Director of Veterans' Affairs,
with the approval of the State Treasurer, to be necessary or
desirable to provide funds for the purposes expressed in Article
XI-A of the Oregon Constitution. + }
  '  { - (3) - }   { + (2) + } As used in this chapter:
  '  { - (a) 'Director' means Director of Veterans' Affairs. - }
  '  { - (b) - }   { + (a) + } 'Committee' means the Advisory
Committee provided for by ORS 406.210.
  '  { +  (b) 'Director' means the Director of Veterans'
Affairs. + }
  ' (c) 'Home' means any residential-type structure, including
outbuildings and the real property in connection with it, if any,
including long-term leaseholds, which is established, maintained
and used primarily as a principal residence by the veteran.
  ' (d) 'Improvement' means new construction or any necessary or
beneficial additions, alterations or changes appurtenant to the
home or farm which protect or improve the basic livability or
energy efficiency of the premises.
  ' (e) 'Mobile home' means a structure, transportable in one or
more sections, which is 10 feet or more in width, and contains
more than 500 square feet of living space figured on exterior
dimensions of the structure, exclusive of any hitch and is
 
designed to be used as a dwelling by one family, and which
remains as personal property under the laws of this state.
  '  { +  SECTION 6. + }  { + 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 on its passage. + } ' .
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