75th OREGON LEGISLATIVE ASSEMBLY--2009 Regular Session
 
SA to SB 334
 
LC 1806/SB 334-2
 
                      SENATE AMENDMENTS TO
                         SENATE BILL 334
 
        By COMMITTEE ON ENVIRONMENT AND NATURAL RESOURCES
 
                            April 21
 
  On page 1 of the printed bill, delete lines 12 through 17 and
insert:
  ' (b) The costs and expenses of issuing, administering and
maintaining Article XI-D bonds including, but not limited to,
redeeming Article XI-D bonds and paying amounts due in connection
with credit enhancements or the administrative costs and expenses
of the State Treasurer, the State Department of Energy and the
Oregon Department of Administrative Services, including costs of
consultants or advisers retained by the State Treasurer, the
State Department of Energy or the Oregon Department of
Administrative Services for the purpose of issuing, administering
or maintaining Article XI-D bonds;'.
  In line 19, after 'bonds' insert ', including costs of surety
bonds and similar instruments'.
  On page 2, delete lines 4 through 7 and insert:
  ' (a) At the request of the Director of the State Department of
Energy for any of the purposes specified in Article XI-D of the
Oregon Constitution, plus an amount determined by the State
Treasurer to pay estimated bond-related costs; and'.
  Delete lines 10 through 12 and insert:
  ' (3) The State Treasurer may issue Article XI-D bonds for the
purpose of financing the refund of Article XI-D bonds.'.
  On page 3, line 6, after the semicolon insert 'and'.
  In line 8, delete '; and' and insert a period.
  Delete lines 9 and 10.
  Delete lines 17 through 22 and insert:
  ' (4) If at any time the Oregon Department of Administrative
Services or the State Department of Energy determines that there
are moneys in the Renewable Energy Fund in excess of the amounts
necessary for the purpose described in section 3 (2)(a) of this
2009 Act, the Oregon Department of Administrative Services or the
State Department of Energy may transfer the excess amounts to the
Article XI-D Bond Fund or to the Article XI-D Bond Administration
Fund.'.
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