---
type: "Bill"
title: "Relating to mass transit district investments; and declaring an emergency."
description: "Provides that funds held in trust by <i>mass transit district</i>]<b> TriMet</b> for purpose of paying post-employment benefits other than pensions are not surplus funds and may be invested in accordance with statutory standard of judgment and care for investment of public investment funds."
jurisdiction: "us/states/or"
legislature: "Oregon Legislative Assembly"
session: "2019 Regular Session"
identifier: "HB 2506"
citation: "Oregon HB 2506 (2019 Regular Session)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Barbara Smith Warner"]
version_count: 5
action_count: 17
vote_count: 4
first_action: "2019-01-14T16:54:51+00:00"
last_action: "2019-04-19T20:33:00+00:00"
source: "openstates"
source_identifier: "ocd-bill/836dc93a-bfa8-4f1a-b07f-2dcf5f65b26f"
source_url: "https://olis.leg.state.or.us/liz/2019R1/Measures/Overview/HB2506"
source_hash: "ee52fe007aaf555c4bc1f6a44236b2fb76ef4b18adc6c0ba05851e040051d804"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-or"]
---

# Oregon HB 2506 (2019 Regular Session) — Relating to mass transit district investments; and declaring an emergency.

Provides that funds held in trust by <i>mass transit district</i>]<b> TriMet</b> for purpose of paying post-employment benefits other than pensions are not surplus funds and may be invested in accordance with statutory standard of judgment and care for investment of public investment funds.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **House Amendments to Introduced** (filed) — [source](https://olis.leg.state.or.us/liz/2019R1/Downloads/MeasureDocument/HB2506/House Amendments to Introduced)
2. **Introduced** (filed) — [source](https://olis.leg.state.or.us/liz/2019R1/Downloads/MeasureDocument/HB2506/Introduced)
3. **A-Engrossed** (committee substitute) — [source](https://olis.leg.state.or.us/liz/2019R1/Downloads/MeasureDocument/HB2506/A-Engrossed)
4. **HBL Amendment -2** (committee substitute) — [source](https://olis.leg.state.or.us/liz/2019R1/Downloads/ProposedAmendment/13757)
5. **Enrolled** (enrolled) — [source](https://olis.leg.state.or.us/liz/2019R1/Downloads/MeasureDocument/HB2506/Enrolled)

## Votes

- Third reading. Carried by Smith Warner. Passed. — **60–0** (pass) · lower
- Heard and Reported Out — **5–0** (pass) · upper
- Third reading. Carried by Taylor. Passed. — **20–7** (pass) · upper
- Heard and Reported Out with Amendments — **9–0** (pass) · lower

## Sponsors

- Barbara Smith Warner — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2019-01-14T16:54:51+00:00** First reading. Referred to Speaker's desk. `introduction, reading-1, referral-committee`
- **2019-01-18T19:43:45+00:00** Referred to Business and Labor. `referral-committee`
- **2019-02-20T16:02:00+00:00** Work Session held.
- **2019-02-22T22:35:02+00:00** Recommendation: Do pass with amendments and be printed A-Engrossed. `committee-passage-favorable`
- **2019-02-25T19:13:51+00:00** Second reading. `reading-2`
- **2019-02-26T19:34:02+00:00** Third reading. Carried by Smith Warner. Passed. `passage, reading-3`
- **2019-02-28T16:56:49+00:00** First reading. Referred to President's desk. `introduction, reading-1, referral-committee`
- **2019-03-06T18:40:35+00:00** Referred to Workforce. `referral-committee`
- **2019-03-14T15:02:00+00:00** Public Hearing and Work Session held.
- **2019-03-21T15:33:26+00:00** Recommendation: Do pass the A-Eng. bill. `committee-passage-favorable`
- **2019-03-21T18:24:11+00:00** Second reading. `reading-2`
- **2019-03-25T18:39:43+00:00** Third reading. Carried by Taylor. Passed. `passage, reading-3`
- **2019-03-26T18:53:44+00:00** Speaker signed. `passage`
- **2019-03-26T21:15:13+00:00** President signed. `passage`
- **2019-04-02T21:53:51+00:00** Governor signed. `executive-signature`
- **2019-04-19T20:33:00+00:00** Chapter 16, (2019 Laws): Effective date April 2, 2019.
- **2019-02-11T16:01:00+00:00** Public Hearing held.

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/836dc93a-bfa8-4f1a-b07f-2dcf5f65b26f`. Confidence: reported (aggregated from official Oregon legislature records).