TAPE/#

Speaker

Comments

TAPE 21, A

004

Chair Berger

Calls the meeting to order at 8:35 a.m. and opens the work session on HB 2118.

HB 2118 – WORK SESSION

011

Caralyn Fischer

Reviews what HB 2118 does.

017

Rep. Esquivel

MOTION:  Moves HB 2118 to the floor with a DO PASS recommendation.

022

Rep. Buckley

Points out that he checked with the librarians in his district and they were assured that this would work with their system.

017

VOTE:  7-0-0

Chair Berger

Hearing no objection, declares the motion CARRIED.

REP. ESQUIVEL will lead discussion on the floor.

029

Chair Berger

Closes the work session on HB 2118 and opens the public hearing on HB 2092.

HB 2092 – PUBLIC HEARING

030

Cara Fischer

Reviews what HB 2092 does. Explains that previously it was thought that the bill would meet the needs of the organizations that it was intended for but there were conditions that were a concern. States a workgroup was formed and there are amendments today for consideration.

046

Al Zimmerman

Vice President for Planned Giving OHSU Foundation. Introduces Sharon Kloss Hogan and Wes Milligan. Submits prepared testimony in support of HB 2092 (EXHIBIT A). States they come as representatives of charitable organizations large and small.

054

Zimmerman

Supports HB 2092 because it will enable state government to operate more efficiently, and provide charities the ability to operate more efficiently. Reviews that planned gifts allow a donor to support a charity and receive a benefit throughout their lifetime. Defines gift annuities and reviews regulations in Oregon and other states.

108

Zimmerman

Reviews what HB 2092, as proposed and amended, would do.

116

Wes Milligan

Vice President, Northwest Planned Giving Roundtable and Director of Planned Giving, The Nature Conservancy of Oregon. Submits and reads prepared testimony in support of HB 2092 (EXHIBIT B).

138

Sharon Kloss Hogan

Director of Planned Giving, Oregon State University (OSU) Foundation. Submits prepared testimony in support of HB 2092 (EXHIBIT C) which emphasizes that 1) charitable gift annuities are an important fundraising tool for the OSU Foundation. 2) charitable gift annuities help fund critical projects, research, programs and scholarships at OSU. 3) HB 2092 will allow many more charitable institutions the ability to issue gift annuities.

Concludes noting the $300,000 net asset requirement and the mandatory yearly audit.

196

Zimmerman

Refers to the reinsurance of gift annuity obligations (EXHIBIT A Pages 3 and 4) regarding “self insured” annuity and “reinsured” annuity.

274

Zimmerman

Supports the proposed -2 amendments (EXHIBIT D) and reviews the benefits of HB 2092 with the proposed amendments.

317

Chair Berger

Directs the committee to the -2 amendments addressing “reinsurance.”

300

Rep. Buckley

Asks if the purchase of commercial insurance takes away from the income stream of the donor.

324

Zimmerman

Answers no.

338

Chair Berger

Closes the public hearing on HB 2092 and opens the work session on HB 2092.

HB 2092 – WORK SESSION

339

Rep. Sumner

MOTION:  Moves to ADOPT HB 2092-2 amendments dated 2/25/05.

340

VOTE:  7-0-0

Chair Berger

Hearing no objection, declares the motion CARRIED.

343

Rep. Sumner

MOTION:  Moves HB 2092 to the floor with a DO PASS AS AMENDED recommendation.

344

VOTE:  7-0-0

Chair Berger

Hearing no objection, declares the motion CARRIED.

REP. SUMNER will lead discussion on the floor.

349

Chair Berger

Closes the work session on HB 2092 and opens the public hearing on HB 2094.

HB 2094 – PUBLIC HEARING

360

Cara Fischer

Reviews HB 2094.

370

Pat Allen

Manager, Office of Regulatory Streamlining. Describes what the Office of Regulatory Streamlining does. States there are currently 300 – 400 one-year licenses. Explains that HB 2094 is a “broad brush” attempt to give agencies the authority to offer extended licensing terms up to five years.

388

Allen

Notes that in the last hearing, concern was expressed regarding the extended license term and it was suggested that the extension be the result of an administrative process. Explains that they have been working on language and are 98% there. Provides details on the areas that have been identified.

474

Chair Berger

Closes the public hearing on HB 2094. Announces that HB 2115 also has on-going discussions.

488

Chair Berger

Adjourns the committee meeting at 9:20 a.m.