71st OREGON LEGISLATIVE ASSEMBLY--2001 Regular Session
 
HA to A-Eng. SJR 22
 
LC 1767-1/SJR 22-A5
 
                       HOUSE AMENDMENTS TO
             A-ENGROSSED SENATE JOINT RESOLUTION 22
 
     By COMMITTEE ON SCHOOL FUNDING AND TAX FAIRNESS/REVENUE
 
                             June 1
 
  On page 1 of the printed A-engrossed joint resolution, delete
lines 3 through 26 and delete page 2 and insert:
  '  { +  PARAGRAPH 1. + } The Constitution of the State of
Oregon is amended by creating a new Article to be known as
Article XI-L, such Article to read:
 
                                '
 { +  ARTICLE XI-L + }
 
  '  { +  SECTION 1. + }  { + (1) In the manner provided by law
and notwithstanding the limitations contained in section 7,
Article XI of this Constitution, the credit of the State of
Oregon may be loaned and indebtedness incurred, in an aggregate
outstanding principal amount not to exceed, at any one time,
one-fifth of one percent of the real market value of all property
in the state, to provide funds for the planning and
implementation of seismic rehabilitation of emergency services
buildings, including surveying and conducting engineering
evaluations of the need for seismic rehabilitation.
  ' (2) Any indebtedness incurred under this section must be in
the form of general obligation bonds of the State of Oregon
containing a direct promise on behalf of the State of Oregon to
pay the principal, premium, if any, interest and other amounts
payable with respect to the bonds, in an aggregate outstanding
principal amount not to exceed the amount authorized in
subsection (1) of this section. The bonds are the direct
obligation of the State of Oregon and must be in a form, run for
a period of time, have terms and bear rates of interest as may be
provided by statute. The full faith and credit and taxing power
of the State of Oregon must be pledged to the payment of the
principal, premium, if any, and interest on the general
obligation bonds; however, the ad valorem taxing power of the
State of Oregon may not be pledged to the payment of the bonds
issued under this section.
  ' (3) As used in this section:
  ' (a) 'Acute inpatient care facility' means a licensed hospital
with an organized medical staff, with permanent facilities that
include inpatient beds, and with comprehensive medical services,
including physician services and continuous nursing services
under the supervision of registered nurses, to provide diagnosis
and medical or surgical treatment primarily for but not limited
to acutely ill patients and accident victims.  ' Acute inpatient
care facility' includes the Oregon Health and Science University.
  ' (b) 'Emergency services building' means a public building
used for fire protection services, a hospital building that
contains an acute inpatient care facility, a police station, a
sheriff's office or a similar facility used by a state, county,
district or municipal law enforcement agency. + }
  '  { +  SECTION 2. + }  { + The principal, premium, if any,
interest and other amounts payable with respect to the general
obligation bonds issued under section 1 of this Article must be
repaid as determined by the Legislative Assembly from the
following sources:
  ' (1) Amounts appropriated for the purpose by the Legislative
Assembly from the General Fund, including taxes, other than ad
valorem property taxes, levied to pay the bonds;
  ' (2) Amounts allocated for the purpose by the Legislative
Assembly from the proceeds of the State Lottery or from the
Master Settlement Agreement entered into on November 23, 1998, by
the State of Oregon and leading United States tobacco product
manufacturers; and
  ' (3) Amounts appropriated or allocated for the purpose by the
Legislative Assembly from other sources of revenue. + }
  '  { +  SECTION 3. + }  { + General obligation bonds issued
under section 1 of this Article may be refunded with bonds of
like obligation. + }
  '  { +  SECTION 4. The Legislative Assembly may enact
legislation to carry out the provisions of this Article. + }
  '  { +  SECTION 5. + }  { + This Article supersedes conflicting
provisions of this Constitution. + }
 
  '  { +  PARAGRAPH 2. + }  { + The amendment proposed by this
resolution shall be submitted to the people for their approval or
rejection at the next regular general election held throughout
this state. + } ' .
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