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OregonHB 40752026 Regular SessionHouseWALLET

Relating to hospital finance; and declaring an emergency.

Sponsored By: Boomer Wright (Republican), Court Boice (Republican), Cyrus Javadi (Democratic), David Brock Smith (Republican)

Became Law

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 0 costs, 1 mixed.

State guarantees loans for rural hospitals

The State Treasurer guarantees loans to eligible rural hospitals. Hospitals must have publicly elected boards and be paid by Medicare using DRGs. Loans can only cover cash shortages or refinance debt, not expand services or make capital improvements. Loans must be fully amortized, mature within 20 years, come from one lender or a syndicate, and be secured by a first‑lien on most property and equipment. Up to $44 million from the Unclaimed Property and Estates Fund backs these guarantees; this is not state debt and pays only from that fund. A guarantee must be issued by April 1, 2027 for this funding authority to operate, and the spending authority ends January 2, 2048. Hospitals must file yearly reports and promptly notify the Treasurer of payoffs, servicing changes, defaults, or loan changes. Hospitals and lenders must try commercially reasonable steps to pay before using the guarantee, and guarantees end shortly after maturity, replacement, or full repayment.

Sponsors & Cosponsors

Sponsors

  • Boomer Wright

    Republican • House

  • Court Boice

    Republican • House

  • Cyrus Javadi

    Democratic • House

  • David Brock Smith

    Republican • Senate

Cosponsors

  • Anna Scharf

    Republican • House

  • Bobby Levy

    Republican • House

  • Daniel Nguyen

    Democratic • House

  • Darcey Edwards

    Republican • House

  • E. Werner Reschke

    Republican • House

  • Emily McIntire

    Republican • House

  • Hai Pham

    Democratic • House

  • Jeffrey Helfrich

    Republican • House

  • Kevin Mannix

    Republican • House

  • Lesly Muñoz

    Democratic • House

  • Paul Evans

    Democratic • House

  • Rob Nosse

    Democratic • House

  • Suzanne Weber

    Republican • Senate

  • Travis Nelson

    Democratic • House

  • Virgle Osborne

    Republican • House

Roll Call Votes

All Roll Calls

Yes: 111 • No: 37

Senate vote • 3/6/2026

Rules suspended. Third reading. Carried by Smith DB. Passed.

Yes: 16 • No: 12

House vote • 3/5/2026

Rules suspended. Third reading. Carried by Wright, Nosse. Passed.

Yes: 42 • No: 15

legislature vote • 3/3/2026

Ways and Means: Heard and Reported Out

Yes: 40 • No: 8

House vote • 2/25/2026

Rules: Heard and Reported Out with Amendments

Yes: 5 • No: 2

House vote • 2/12/2026

Health Care: Heard and Reported Out

Yes: 8 • No: 0

Actions Timeline

  1. Chapter 111, (2026 Laws): Effective date April 7, 2026.

    4/13/2026House

  2. Governor signed.

    4/7/2026House

  3. President signed.

    3/10/2026Senate

  4. Speaker signed.

    3/10/2026House

  5. Rules suspended. Third reading. Carried by Smith DB. Passed.

    3/6/2026Senate

  6. Second reading.

    3/6/2026Senate

  7. Recommendation: Do pass the A-Eng. bill.

    3/6/2026Senate

  8. Referred to Ways and Means.

    3/5/2026Senate

  9. First reading. Referred to President's desk.

    3/5/2026Senate

  10. Vote explanation(s) filed by Andersen, Chaichi, Nathanson.

    3/5/2026House

  11. Rules suspended. Third reading. Carried by Wright, Nosse. Passed.

    3/5/2026House

  12. Second reading.

    3/5/2026House

  13. Recommendation: Do pass.

    3/4/2026House

  14. Returned to Full Committee.

    3/3/2026House

  15. Work Session held.

    3/3/2026House

  16. Work Session held.

    3/3/2026House

  17. Assigned to Subcommittee On Capital Construction.

    2/27/2026House

  18. Referred to Ways and Means by order of Speaker.

    2/26/2026House

  19. Recommendation: Do pass with amendments, be printed A-Engrossed, and be referred to Ways and Means.

    2/26/2026House

  20. Work Session held.

    2/25/2026House

  21. Public Hearing held.

    2/24/2026House

  22. Referred to Rules by order of Speaker.

    2/13/2026House

  23. Without recommendation as to passage and be referred to Rules.

    2/13/2026House

  24. Work Session held.

    2/12/2026House

  25. Public Hearing held.

    2/5/2026House

Bill Text

  • Enrolled

    3/6/2026

    PDF

  • JWMCC Amendment -A12 (Proposed)

    3/2/2026

    PDF

  • A-Engrossed

    2/26/2026

    PDF

  • House Amendments to Introduced

    2/26/2026

    PDF

  • HRULES Amendment -5 (Proposed)

    2/25/2026

    PDF

  • HRULES Amendment -8 (Adopted)

    2/25/2026

    PDF

  • HRULES Amendment -5 (Proposed)

    2/24/2026

    PDF

  • HHC Amendment -1 (Proposed)

    2/12/2026

    PDF

  • HHC Amendment -2 (Proposed)

    2/12/2026

    PDF

  • HHC Amendment -1 (Proposed)

    2/5/2026

    PDF

  • HHC Amendment -2 (Proposed)

    2/5/2026

    PDF

  • Introduced

    1/28/2026

    PDF

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