HB4077Introduced in the House
Relating to the securitization of a public utility's insurance program; and prescribing an effective date.
Introduced by John Lively, District 7
What does this bill do?
Plain-English breakdown
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Official description
Lets a public utility raise money for insurance costs. Takes effect 91 days after sine die. (Flesch Readability Score: 61.2). Authorizes a public utility, upon approval by the Public Utility Commission, to issue bonds and securitize debt for costs and expenses incurred or to be incurred by the public utility associated with a self-insurance or captive insurance program. Takes effect on the 91st day following adjournment sine die.
Where it stands
Chapter 47, (2026 Laws): Effective date June 5, 2026.
April 6, 2026
How did lawmakers vote?
House votes
2 recorded votes · each counted separately
Senate votes
2 recorded votes · each counted separately
SenateStage: Senate Third Reading · March 2, 2026
28
Yes
0
No
2
Absent or Not Voting
30 senators recorded in this Senate vote. Colors show vote categories only, not whether a vote was good or bad.
See how each senator voted
| Senator | District | Vote |
|---|---|---|
| David Smith | 1 | Yes |
| Noah Robinson | 2 | Yes |
| Jeffrey Golden | 3 | Yes |
| Floyd Prozanski | 4 | Yes |
| Richard Anderson | 5 | Yes |
| Cedric Hayden | 6 | Yes |
| James Manning | 7 | Yes |
| Sara Gelser Blouin | 8 | Yes |
| Fred Girod | 9 | Absent |
| Deb Patterson | 10 | Yes |
Bill history
First reading. Referred to Speaker's desk.
Referred to Climate, Energy, and Environment.
Public Hearing held.
Work Session held.
Recommendation: Do pass.
Second reading.
Third reading. Carried by Lively. Passed. Ayes, 47; Nays, 2--Cate, Yunker; Excused, 4--Hartman, Lewis, Sosa, Valderrama; Excused for Business of the House, 7--Bunch, Diehl, Elmer, Gomberg, Nguyen D, Osborne, Watanabe.
First reading. Referred to President's desk.
Referred to Energy and Environment.
Public Hearing and Work Session held.
Recommendation: Do pass.
Second reading.
Third reading. Carried by Robinson. Passed. Ayes, 28; Excused, 2--Drazan, Girod.
Speaker signed.
President signed.
Governor signed.
Chapter 47, (2026 Laws): Effective date June 5, 2026.
Verify the information
- Official page on the Oregon Legislature website
- Open Government Impact (supplement)
- Preliminary SMS (supplement)
- Witness Registration (supplement)
- Preliminary SMS (supplement)
- Revenue Impact (supplement)
- Witness Registration (supplement)
- Fiscal Impact (supplement)
- Revenue Impact Statement (supplement)
- Preliminary SMS (supplement)
- Fiscal Impact Statement (supplement)
- Staff Summary (supplement)
- Preliminary SMS (supplement)
- Fiscal Impact Statement (supplement)
- Revenue Impact Statement (supplement)
- Witness Registration (supplement)
- Staff Summary (supplement)
- Introduced (text)
- Enrolled (text)
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