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SB 954
Bill number SB 954 (2011 Oregon laws, Chapter 338)
 ORS changed 294.178 and 294.187.
 Effective date January 1, 2012
 Applies to All County Assessment and Taxation Fund deposits made after January 1, 2012.
 DOR contact Karen Anderson  503-945-8355
 Summary Modifies day of month county treasurers pay monies from the County Assessment and Taxation Fund to the state treasurer. Modifies day of month DOR pays monies in the County Assessment Function Funding Assistance (CAFFA) account to counties. Conforms language to modern style guide.
   

 
Section Old law  New law
1
ORS 294.178(3) Required the DOR to pay percentage of the monies in the County Assessment Function Funding Assistance account as of the close of each fiscal quarter to each county participating in CAFFA grant on or before the 25th day of the month after the close of that quarter. ORS 294.178(3) Adjusts the payment date to the 28th day of the month following the close of each fiscal quarter. By modifying Section 2, this date adjustment maintains the range of days necessary for DOR to calculate and disburse each county's CAFFA payment after receiving County Assessment and Taxation Fund deposit notification of amounts.
1
ORS 294.178(5) If the expenditures of a county are not included for a fiscal quarter because of subsection (4) of this section, no grant shall be made to that county under subsection (3) of this section for that fiscal quarter. ORS 294.178(5) If the expenditures of a county are not included for a fiscal quarter because of subsection (4) of this section, a grant may not be made to that county under subsection (3) of this section for that fiscal quarter.
 
This change conforms language to modern style guides.
2 ORS 294.187(2) The county treasurer shall pay over the moneys in the fund, determined as of the last day of the fiscal quarter, to the state treasurer on or before the 10th day of the month following the last day of the fiscal quarter. ORS 294.187(2) The county treasurer shall pay over the monies in the fund, determined as of the last day of the fiscal quarter, to the state treasurer on or before the 10th working day of the month following the last day of the fiscal quarter.
 
This change parallels the timeline county treasurers must process thetax turnover; avoids issues caused in calendar months when 10th falls on a weekend or holiday.
 
It was difficult for many county treasurers to meet statutory deadlines when the 10th of the month fell on weekend or holiday. They had to transmit CAFFA payment on or before the 10th calendar day although allowed 10 working days to calculate and post the interest to the unsegregated account. In some fiscal quarters, counties were limited to six days in which to remit CAFFA payments because language was not equivalent.