ORS § 286A.255

Current through 2024 Regular Session legislation effective June 6, 2024

Section 286A.255 - Functions and duties of commission

The State Debt Policy Advisory Commission shall advise the Governor and the Legislative Assembly regarding policies and actions that enhance and preserve the state's credit rating and maintain the future availability of low-cost capital financing. In carrying out this function, the commission shall at least annually prepare a report showing the consolidated bond profile of this state. The report must include:

(1) The total amount of outstanding bonds for the most recently concluded fiscal year.

(2) A forecast for at least the next six years of the state's borrowing capacity targets by repayment source that is based on the policies and actions established under this section and that is consistent with the most recently published revenue forecast by the Oregon Department of Administrative Services.

(3) A calculation of the state's net remaining borrowing capacity by repayment source.

ORS 286A.255

Amended by 2015 Ch. 40,§ 2, eff. 1/1/2016.

Formerly 286.555

See note under 286A.250.