SB 244
Limits interest rate to no more than prime rate plus one percent for loans advanced under veterans' home and farm loan program.
| Status | In Senate Committee (SVEMFW) |
| Sponsors | Art Robinson (Republican) (Chief) |
| Fiscal impact | May have fiscal impact, but no statement yet issued |
| Revenue impact | May have revenue impact, but no statement yet issued |
Bill Text
Limits interest rates for veterans’ home and farm loans to the prime rate plus one percent and appropriates funds for the program.
Sponsors#
Chief Sponsors: Art Robinson
Overview#
Limits interest rate to no more than prime rate plus one percent for loans advanced under veterans’ home and farm loan program. Appropriates moneys from General Fund to Department of Veterans’ Affairs for deposit in Oregon War Veterans’ Fund, for biennium beginning July 1, 2023, to be used to advance loans to qualified veterans for acquisition of farms and homes.
Legislative History
| Date | Chamber | Action |
|---|---|---|
| 2023-01-09 | S | Introduction and first reading. Referred to President's desk. |
| 2023-01-13 | S | Referred to Veterans, Emergency Management, Federal and World Affairs. |
| 2023-06-25 | S | In committee upon adjournment. |