HB 3809 Oregon House · 2025 Regular Session

Relating to individual development accounts; declaring an emergency.

Summary

[ Appropriates moneys from the General Fund ] Establishes a quarterly allocation of lottery moneys to the Housing and Community Services Department for the individual development account program. Declares an emergency, effective July 1, 2025.

Bill status in committee 1 of 4 stages cleared

Introduction

Feb 2025

Committee Review

Floor Vote

Governor

Introduced Feb 27, 2025 Last action Jun 28, 2025

Maddy AI version diff · 1 comparison

What changed between versions

Introduced → A-Engrossed · 3 edits

MINOR

The bill was amended to change how funding is provided for the Individual Development Account (IDA) program. Instead of a one-time $20 million appropriation from the General Fund, the bill now establishes a separate IDA Fund and allocates $2.5 million per quarter from the Administrative Services Economic Development Fund.

Scope change

The funding source changed from the General Fund to the Administrative Services Economic Development Fund, and a new separate IDA Fund was created in the State Treasury.

FISCAL

Changed from a $20 million one-time appropriation from the General Fund to a quarterly $2.5 million allocation from the Administrative Services Economic Development Fund.

Modified the funding mechanism to include quarterly allocations rather than a single biennium appropriation.

DEFINITION

Added a new definition establishing the Individual Development Account Fund as a separate entity in the State Treasury, distinct from the General Fund.

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Jun 28, 2025

Lower · Passed

In committee upon adjournment.

lower

Apr 4, 2025

Committee

Referred to Ways and Means by order of Speaker.

lower

Apr 4, 2025

Lower · Passed

Recommendation: Do pass with amendments, be printed A-Engrossed, and be referred to Ways and Means.

lower

Mar 5, 2025

Committee

Referred to Higher Education and Workforce Development.

lower

Feb 27, 2025

Introduced

First reading. Referred to Speaker's desk.

lower

1 primary · 9 co-sponsors