---
type: "Bill"
title: "Relating to the securitization of a public utility's insurance program; and prescribing an effective date."
description: "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."
jurisdiction: "us/states/or"
legislature: "Oregon Legislative Assembly"
session: "2026R1"
identifier: "HB 4077"
citation: "Oregon HB 4077 (2026R1)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["John Lively"]
version_count: 2
action_count: 17
vote_count: 4
first_action: "2026-02-02T16:50:03+00:00"
last_action: "2026-04-06T17:33:05+00:00"
source: "openstates"
source_identifier: "ocd-bill/551c49f7-2674-47b7-8890-9ab5f71a30df"
source_url: "https://olis.oregonlegislature.gov/liz/2026R1/Measures/Overview/HB4077"
source_hash: "3d9a6bd3b5f44e2bcec279aab4a602e0819d3db1640abd30caf40ac0e6d70ddf"
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 4077 (2026R1) — Relating to the securitization of a public utility's insurance program; and prescribing an effective date.

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.

## Version chain

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

1. **Introduced** (filed) — [source](https://olis.oregonlegislature.gov/liz/2026R1/Downloads/MeasureDocument/HB4077/Introduced)
2. **Enrolled** (enrolled) — [source](https://olis.oregonlegislature.gov/liz/2026R1/Downloads/MeasureDocument/HB4077/Enrolled)

## Votes

- Heard and Reported Out — **11–1** (pass) · lower
- Third reading. Carried by Robinson. Passed. — **28–0** (pass) · upper
- Heard and Reported Out — **4–0** (pass) · upper
- Third reading. Carried by Lively. Passed. — **47–2** (pass) · lower

## Sponsors

- John Lively — primary (person)
- Bobby Levy — cosponsor (person)
- Janeen Sollman — cosponsor (person)

## Timeline

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

- **2026-02-02T16:50:03+00:00** First reading. Referred to Speaker's desk. `introduction, reading-1, referral-committee`
- **2026-02-02T17:51:51+00:00** Referred to Climate, Energy, and Environment. `referral-committee`
- **2026-02-10T16:01:00+00:00** Public Hearing held.
- **2026-02-12T16:02:00+00:00** Work Session held.
- **2026-02-13T18:22:36+00:00** Recommendation: Do pass. `committee-passage-favorable`
- **2026-02-16T19:37:59+00:00** Second reading. `reading-2`
- **2026-02-17T23:46:35+00:00** Third reading. Carried by Lively. Passed. `passage, reading-3`
- **2026-02-19T22:10:27+00:00** First reading. Referred to President's desk. `introduction, reading-1, referral-committee`
- **2026-02-19T23:17:20+00:00** Referred to Energy and Environment. `referral-committee`
- **2026-02-25T23:02:00+00:00** Public Hearing and Work Session held.
- **2026-02-27T17:41:47+00:00** Recommendation: Do pass. `committee-passage-favorable`
- **2026-02-27T20:49:42+00:00** Second reading. `reading-2`
- **2026-03-02T22:01:23+00:00** Third reading. Carried by Robinson. Passed. `passage, reading-3`
- **2026-03-04T17:42:52+00:00** Speaker signed. `passage`
- **2026-03-05T16:38:22+00:00** President signed. `passage`
- **2026-03-31T21:07:00+00:00** Governor signed. `executive-signature`
- **2026-04-06T17:33:05+00:00** Chapter 47, (2026 Laws): Effective date June 5, 2026.

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/551c49f7-2674-47b7-8890-9ab5f71a30df`. Confidence: reported (aggregated from official Oregon legislature records).