Oregon 2023 Regular Session

Oregon House Bill HB3440

Introduced
2/28/23  
Refer
3/3/23  
Report Pass
4/4/23  
Engrossed
4/13/23  
Refer
4/17/23  
Report Pass
6/15/23  
Enrolled
6/22/23  
Passed
8/4/23  
Chaptered
8/21/23  

Caption

Relating to county property sales.

Impact

The bill's enactment is expected to improve funding for housing services by enabling counties to utilize proceeds from real property sales for specific designated purposes. With an emphasis on supporting affordable housing initiatives, the legislation will enhance local authorities' capacity to meet community housing needs, especially for vulnerable groups. However, its effectiveness will depend on proper implementation and the promptly available resources for the intended housing services.

Summary

House Bill 3440 focuses on the management of proceeds from the sale of county properties, particularly those acquired through foreclosure of delinquent tax liens. The bill amends existing statutes relating to how these proceeds are used, including specified distributions to local governments, governmental units, and the county general fund. One significant aspect of HB3440 is its allocation of funds for housing support initiatives, which aim to provide assistance for youth and families with children, indicating a shift towards addressing housing stability within the community.

Sentiment

The general sentiment surrounding HB3440 appears to be positive as it introduces measures aimed at addressing critical housing issues through local government action. Supporters view this approach as beneficial for community welfare, particularly in light of rising housing demands in many areas. Nonetheless, the complexity of funding allocation could raise concerns among some stakeholders, particularly those cautious about the financial management of county proceeds.

Contention

Notably, there are aspects of contention regarding how the bill balances the distribution of funds among various local governments and the county general fund. Critics may be concerned about the equitable distribution of proceeds and whether all municipalities will have fair access to these necessary resources. Also, the bill's reliance on property sales could lead to fluctuations in funding availability, raising questions about the sustainability of the proposed housing support services.

Companion Bills

No companion bills found.

Previously Filed As

OR HB3354

Relating to county sales of lands.

OR SB517

Relating to county sales of lands.

OR HB3280

Relating to proceeds from tax foreclosure sales.

OR HB4056

Relating to property tax foreclosure surplus; prescribing an effective date.

OR HB543

Regards property tax payments, sale of tax-foreclosed property

OR SB186

Regards payment of property tax, sale of tax-foreclosed property

OR HB2089

Relating to surpluses from the disposition of foreclosed property; and prescribing an effective date.

OR HB2088

Relating to surpluses from the disposition of foreclosed property; prescribing an effective date.

OR HB2096

Relating to surpluses from the disposition of foreclosed property; prescribing an effective date.

OR SB135

Regards real property foreclosures and estate sales

Similar Bills

CA AB2013

Property taxation: new construction: damaged or destroyed property.

CA AB1500

Property taxation: application of base year value: disaster relief.

CA AB245

Property taxation: application of base year value: disaster relief.

DC B25-0486

Uniform Community Property Disposition at Death Act of 2023

CA SB964

Property tax: tax-defaulted property sales.

CA SB603

Property taxation: transfer of base year value: disaster relief.

CA SB1091

Property taxation: transfer of base year value: disaster relief.

HI HB1398

Relating To Property.