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SB 676 Oregon Senate · 2025 Regular Session

Relating to veterans' loans for acquisition of real property.

Summary
Limits the interest rate to no more than the prime rate plus one percent for loans advanced under the veterans' home and farm loan program. Appropriates moneys from the General Fund to the Department of Veterans' Affairs for deposit in the Oregon War Veterans' Fund, for the biennium beginning July 1, 2025, to be used to advance loans to qualified veterans for the acquisition of farms and homes.
Issues: ✓ Budget & TaxesSupports Budget & TaxesAppropriates funds from General Fund to fund veterans' loans program, directly advancing state budget allocation for a specific public service.95% confidence ✓ VeteransSupports VeteransAppropriates funds to lower interest rates on veterans' home/farm loans, expanding access to affordable financing through dedicated state funding.95% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 13, 2025 Last action Jun 28, 2025
Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
4
Key actions
1
Committee
2
Jun 28, 2025
Upper · Passed
In committee upon adjournment.
upper
Jan 17, 2025
Committee
Referred to Veterans, Emergency Management, Federal and World Affairs, then Ways and Means.
upper
Jan 13, 2025
Introduced
Introduction and first reading. Referred to President's desk.
upper
3 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Daniel Bonham
Daniel Bonham
RRepublican
OR
26
P
Photo of David Smith
David Smith
RRepublican
OR
1
P
Photo of Noah Robinson
Noah Robinson
RRepublican
OR
2