72nd OREGON LEGISLATIVE ASSEMBLY--2003 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 3435
A-Engrossed
House Bill 3033
Ordered by the House April 21
Including House Amendments dated April 21
Sponsored by Representative MARCH
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.
{ - Eliminates corporate excise and income tax credits for
certain workers' compensation assessments and insurance guarantee
association assessments. Applies credit repeal to tax years
beginning on or after January 1, 2004. - }
{ + Modifies Oregon Opportunity Grant program. Requires that
grants be fixed amount established annually by Oregon Student
Assistance Commission. + }
Appropriates moneys to Oregon Student Assistance Commission to
fund Oregon Opportunity Grant program.
{ - Takes effect on 91st day following adjournment sine
die. - }
{ + Declares emergency, effective July 1, 2003. + }
A BILL FOR AN ACT
Relating to state finance; creating new provisions; amending ORS
348.205 and 348.260; appropriating money; and declaring an
emergency.
Be It Enacted by the People of the State of Oregon:
SECTION 1. ORS 348.260 is amended to read:
348.260. (1)(a) In addition to any other form of student
financial aid authorized by law, the Oregon Student Assistance
Commission may award Oregon Opportunity Grants, to the extent
funds are made available, to qualified students who have
financial need.
(b) Eligibility { - , - } { + and + } financial need
{ - and the amount of an Oregon Opportunity Grant - } shall be
determined annually by the Oregon Student Assistance Commission
in consultation with representatives from the educational
sectors. In determining these factors, the Oregon Student
Assistance Commission shall take into consideration available
state funds, available federal funds { - , the cost of education
at the eligible post-secondary institutions - } and the family's
ability to contribute.
{ - (c) Grant funds necessary to meet matching requirements
for federal funds under the Leveraging Educational Assistance
Partnership Program and Special Leveraging Educational Assistance
Partnership Program of the United States Department of Education
may also be used to award grants to qualified students in any
eligible post-secondary institution approved by the Oregon
Student Assistance Commission. - }
(2) Oregon Opportunity Grants may be awarded under this section
to qualified students enrolled for any term, including summer
term.
{ + (3) The amount of an Oregon Opportunity Grant shall be
established annually by the Oregon Student Assistance Commission
as a fixed amount. The amount of a grant awarded to a qualified
student enrolled at:
(a) A community college operated under ORS chapter 341 shall
equal, to the extent of available funds, 11 percent of the
average total cost of education for attending a community college
operated under ORS chapter 341.
(b) An institution described in ORS 348.180 (2)(a), (c) or (d)
shall equal, to the extent of available funds, 11 percent of the
average total cost of education for attending a state institution
under the direction of the State Board of Higher Education. + }
{ - (3) - } { + (4) + } If a qualified student receiving an
Oregon Opportunity Grant under this section meets the standards
for renewal of the grant, the grant may be renewed upon
application until the qualified student has received the total of
four undergraduate years of study in an eligible program as
defined by the Oregon Student Assistance Commission.
{ - (4) - } { + (5) + } A qualified student who receives an
Oregon Opportunity Grant under this section must attend the
institution, college or school upon which the grant application
is based unless the Oregon Student Assistance Commission
authorizes the grant to be used at a different institution,
college or school. A qualified student who receives a grant under
this section may attend more than one institution, college or
school if the grant application was based on the qualified
student attending more than one institution, college or school.
{ - (5) No - } { + (6) An + } Oregon Opportunity Grant
{ - shall - } { + may not + } be made to any qualified student
enrolled in a course of study required for and leading to a
degree in theology, divinity or religious education.
{ - (6) No - } { + (7) An + } Oregon Opportunity Grant
awarded under this section { - shall - } { + may not + }
exceed 50 percent of the qualified student's financial need as
determined by the Oregon Student Assistance Commission.
SECTION 2. { + The amendments to ORS 348.260 by section 1 of
this 2003 Act apply to Oregon Opportunity Grants awarded on or
after July 1, 2003. + }
SECTION 3. ORS 348.205 is amended to read:
348.205. It is the intention of the Legislative Assembly to
establish the Oregon Opportunity Grant program { - . Oregon
Opportunity Grants - } { + and have grants + } awarded under
this program
{ - shall be a uniform percentage of the student's financial
need as determined in ORS 348.260 (1)(b) - } { + be fixed
amounts established annually + }.
SECTION 4. { + In addition to and not in lieu of any other
appropriation, there is appropriated to the Oregon Student
Assistance Commission, for the biennium beginning July 1, 2003,
out of the General Fund, the amount of $11.8 million for the
purpose of funding the Oregon Opportunity Grant program
established under ORS 348.205. + }
SECTION 5. { + This 2003 Act being necessary for the immediate
preservation of the public peace, health and safety, an emergency
is declared to exist, and this 2003 Act takes effect July 1,
2003. + }
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