75th OREGON LEGISLATIVE ASSEMBLY--2009 Regular Session
 
SA to SB 539
 
LC 1962/SB 539-1
 
                      SENATE AMENDMENTS TO
                         SENATE BILL 539
 
     By COMMITTEE ON CONSUMER PROTECTION AND PUBLIC AFFAIRS
 
                             March 6
 
  On page 3 of the printed bill, line 25, delete 'and' and insert
'or'.
  In line 27, after 'subsection' insert a colon and delete the
rest of the line and lines 28 through 41 and insert:
  ' (a) 'Affordable housing' means housing projects in which some
of the dwelling units may be purchased or rented, with or without
government assistance, on a basis that is affordable to
individuals of low income.
  ' (b) 'Affordable housing entity' means any of the following:
  ' (A) A housing authority created under the laws of this state
or another jurisdiction and any agency or instrumentality of a
housing authority, including but not limited to a legal entity
created to conduct a self-insurance program for housing
authorities that complies with ORS 30.282 (6).
  ' (B) A nonprofit corporation that is engaged in providing
affordable housing.
  ' (C) A partnership or limited liability company that is
engaged in providing affordable housing and that is affiliated
with a housing authority described in subparagraph (A) of this
paragraph or a nonprofit corporation described in subparagraph
(B) of this paragraph if the housing authority or nonprofit
corporation:
  ' (i) Has, or has the right to acquire, a financial or
ownership interest in the partnership or limited liability
company;
  ' (ii) Has the power to direct the management or policies of
the partnership or limited liability company;
  ' (iii) Has entered into a contract to lease, manage or operate
the affordable housing owned by the partnership or limited
liability company; or
  ' (iv) Has any other material relationship with the partnership
or limited liability company.'.
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