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 517
 
                         Senate Bill 149
 
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 Theodore R.
  Kulongoski for Oregon Board of Accountancy)
 
 
                             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 as
introduced.
 
  Eliminates requirement that accountant be retired before Oregon
Board of Accountancy grants inactive status.
 
                        A BILL FOR AN ACT
Relating to accountants; creating new provisions; and amending
  ORS 673.220.
Be It Enacted by the People of the State of Oregon:
  SECTION 1. ORS 673.220 is amended to read:
  673.220. (1) The Oregon Board of Accountancy may grant inactive
status to any licensee who   { - is retired, not holding - }
 { + does not hold + } the licensee out to clients or the public
as a  { + certified + } public accountant  { + or a public
accountant + } and   { - otherwise not engaged - }   { + does not
engage + } in the practice of public accountancy, if the license
is not suspended or revoked.
  (2) A licensee granted inactive status by the board:
  (a)   { - Shall - }   { + Must + } pay any fee in an amount
determined by the board by rule for becoming or remaining
inactive or becoming active.
  (b)   { - Shall - }   { + May + } not hold the licensee out to
clients or the public as a  { + certified + } public accountant
 { + or a public accountant + } or otherwise engage in the
practice of public accountancy until restored to active status.
  (3) The board by rule shall adopt procedures and requirements
for granting and renewing inactive status and for restoring to
active status any licensee on inactive status.
  (4) The board may restore a lapsed permit to inactive status
upon payment to it of all past unpaid renewal fees and the
delinquent renewal fee as provided in ORS 673.150 (5).
  (5) The board shall maintain a current roster of all licensees
granted inactive status.
  SECTION 2.  { + The amendments to ORS 673.220 by section 1 of
this 2003 Act apply to certified public accountants or public
accountants licensed before, on or after the effective date of
this 2003 Act. + }
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