Chapter 9 Oregon Laws 2008 Special Session
AN ACT
HB 3620
Relating to the Oregon Growth Account; and declaring an emergency.
Be It Enacted by the People of
the State of
SECTION 1. Section
2 of this 2008 Act is added to and made a part of ORS 348.701 to 348.710.
SECTION 2. (1)
In addition to the annual report required under ORS 348.703 (6), the
(a) Long-term estimates
of deposits into the
(b) Long-term projected
earnings of
(c) Long-term estimates
of investment periods and annual available cash from matured investments;
(d) Expected overall
performance of the account; and
(e) An appropriate
investment benchmark for measuring performance.
(2) The report shall
include recommendations on:
(a) The appropriate size
of the account;
(b) The appropriate use
of declared earnings from the account; and
(c) Management of the
account in a manner that is consistent with the overall purposes of the
Education Stability Fund.
SECTION 3. Section
2 of this 2008 Act is repealed January 2, 2010.
SECTION 4. This
2008 Act being necessary for the immediate preservation of the public peace,
health and safety, an emergency is declared to exist, and this 2008 Act takes
effect on its passage.
Approved by the Governor March 3, 2008
Filed in the office of Secretary of State March 4, 2008
Effective date March 3, 2008
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