SB1562: Relating to state financial administration.

Legislative Summary

The Act raises the maximum amount of money that can be held in a reserve fund. (Flesch Readability Score: 74.2). [Digest: The Act raises the amount of money that is put in a reserve fund every two years. It raises the maximum amount of money that can be held in the reserve fund. (Flesch Readability Score: 74.2).] [Increases the maximum amount of the biennial transfer to the Oregon Rainy Day Fund.] Increases the cap on amounts held in the Oregon Rainy Day Fund.