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.

Agriculture

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor: Senator Bonham,, Robinson,, Smith DB
Last action: 2025-06-27
Official status: In Senate Committee
Effective date: Not listed

Plain English Breakdown

The plain English breakdown is still being put together. The official documents below are already here.

Bill History

2025-06-27 Senate
In committee upon adjournment.
2025-01-28 Senate
Public Hearing held.
2025-01-17 Senate
Referred to Veterans, Emergency Management, Federal and World Affairs, then Ways and Means.
2025-01-13 Senate
Introduction and first reading. Referred to President's desk.

Official Summary Text

Digest: 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. (Flesch Readability Score: 66.4).
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.
Relating to: Relating to veterans' loans for acquisition of real property.
Current location: In Senate Committee