SB 1501
Modifies permissible purposes for amounts held in the Long-Term Rent Assistance Fund.
| Status |
Chapter Number Assigned |
| Session |
2024 Regular Session |
| Fiscal impact |
Fiscal impact issued |
| Revenue impact |
Revenue impact issued |
| Emergency clause |
Yes |
Bill Text
SB1501 modifies how money in the Long-Term Rent Assistance Fund can be spent and creates a new account for private security company wage deposits.
Original Bill Text
Overview#
Digest: The Act changes the things that certain housing moneys can be spent on. The Act creates a new fund to hold deposits from private security companies. (Flesch Readability Score: 69.9).
Modifies permissible purposes for amounts held in the Long-Term Rent Assistance Fund.
Establishes an account to hold amounts submitted by private security entities as proof of ability to pay wages.
Declares an emergency, effective on passage.
News Coverage
Public Testimony
| Name |
Organization |
Position |
Date |
| Leann Knapp |
Oregon Housing and Community Services |
Support |
2024-03-05 |
| Thomas Busse |
Portland |
Oppose |
2024-03-05 |
| David Wall |
Newberg |
Oppose |
2024-03-05 |
Legislative History
| Date |
Chamber |
Action |
| 2024-02-12 |
S |
Introduction and first reading. Referred to President's desk. |
| 2024-02-13 |
S |
Referred to Ways and Means. |
| 2024-02-15 |
S |
Assigned to Subcommittee On Capital Construction. |
| 2024-03-06 |
S |
Public Hearing and Work Session held. |
| 2024-03-06 |
S |
Work Session held. |
| 2024-03-06 |
S |
Returned to Full Committee. |
| 2024-03-07 |
S |
Recommendation: Do pass with amendments. (Printed A-Eng.) |
| 2024-03-07 |
S |
Second reading. |
| 2024-03-07 |
S |
Rules suspended. Third reading. Carried by Steiner. Passed. |
| 2024-03-07 |
H |
First reading. Referred to Speaker's desk. |
| 2024-03-07 |
H |
Referred to Ways and Means. |
| 2024-03-07 |
H |
Recommendation: Do pass. |
| 2024-03-07 |
H |
Second reading. |
| 2024-03-07 |
H |
Rules suspended. Third reading. Carried by Sanchez. Passed. |
| 2024-03-12 |
S |
President signed. |
| 2024-03-13 |
H |
Speaker signed. |
| 2024-04-17 |
S |
Governor signed. |
| 2024-04-18 |
S |
Chapter 107, 2024 Laws. |
| 2024-04-18 |
S |
Effective date, April 17, 2024. |