---
type: "Bill"
title: "Relating to state financial administration; declaring an emergency."
description: "Digest: The Act changes the things that certain housing moneys can be spent on. The Act creates a new fund to hold deposits from private security companies. (Flesch Readability Score: 69.9)."
jurisdiction: "us/states/or"
legislature: "Oregon Legislative Assembly"
session: "2024R1"
identifier: "SB 1501"
citation: "Oregon SB 1501 (2024R1)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: []
version_count: 5
action_count: 19
vote_count: 3
first_action: "2024-02-12T18:56:30+00:00"
last_action: "2024-04-18T20:27:43+00:00"
source: "openstates"
source_identifier: "ocd-bill/a28049a5-77f0-4985-8dd7-54d7e99d1750"
source_url: "https://olis.oregonlegislature.gov/liz/2024R1/Measures/Overview/SB1501"
source_hash: "edb5439976786b40c6216c48f767e25c63a8ac291c2537b935cedd505636939a"
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 SB 1501 (2024R1) — Relating to state financial administration; declaring an emergency.

Digest: The Act changes the things that certain housing moneys can be spent on. The Act creates a new fund to hold deposits from private security companies. (Flesch Readability Score: 69.9).

## 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/2024R1/Downloads/MeasureDocument/SB1501/Introduced)
2. **Senate Amendments to Introduced** (filed) — [source](https://olis.oregonlegislature.gov/liz/2024R1/Downloads/MeasureDocument/SB1501/Senate%20Amendments%20to%20Introduced)
3. **A-Engrossed** (committee substitute) — [source](https://olis.oregonlegislature.gov/liz/2024R1/Downloads/MeasureDocument/SB1501/A-Engrossed)
4. **JWM Amendment -2** (committee substitute) — [source](https://olis.oregonlegislature.gov/liz/2024R1/Downloads/ProposedAmendment/26265)
5. **Enrolled** (enrolled) — [source](https://olis.oregonlegislature.gov/liz/2024R1/Downloads/MeasureDocument/SB1501/Enrolled)

## Votes

- Rules suspended. Third reading. Carried by Steiner. Passed. — **23–5** (pass) · upper
- Heard and Reported Out with Amendments — **46–0** (pass) · legislature
- Rules suspended. Third reading. Carried by Sanchez. Passed. — **49–7** (pass) · lower

## Timeline

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

- **2024-02-12T18:56:30+00:00** Introduction and first reading. Referred to President's desk. `introduction, reading-1, referral-committee`
- **2024-02-13T19:45:50+00:00** Referred to Ways and Means. `referral-committee`
- **2024-02-15T17:44:00+00:00** Assigned to Subcommittee On Capital Construction. `referral-committee`
- **2024-03-07T01:03:00+00:00** Returned to Full Committee.
- **2024-03-06T17:02:00+00:00** Public Hearing and Work Session held.
- **2024-03-07T01:02:00+00:00** Work Session held.
- **2024-03-07T17:06:08+00:00** Recommendation: Do pass with amendments. (Printed A-Eng.) `committee-passage-favorable`
- **2024-03-07T18:48:14+00:00** Second reading. `reading-2`
- **2024-03-07T22:19:23+00:00** Rules suspended. Third reading. Carried by Steiner. Passed. `passage, reading-3`
- **2024-03-07T22:40:08+00:00** First reading. Referred to Speaker's desk. `introduction, reading-1, referral-committee`
- **2024-03-07T22:51:47+00:00** Referred to Ways and Means. `referral-committee`
- **2024-03-08T01:47:10+00:00** Recommendation: Do pass. `committee-passage-favorable`
- **2024-03-08T02:25:47+00:00** Second reading. `reading-2`
- **2024-03-08T02:47:14+00:00** Rules suspended. Third reading. Carried by Sanchez. Passed. `passage, reading-3`
- **2024-03-12T18:41:21+00:00** President signed. `passage`
- **2024-03-13T22:07:25+00:00** Speaker signed. `passage`
- **2024-04-17T22:50:53+00:00** Governor signed. `executive-signature`
- **2024-04-18T20:24:36+00:00** Chapter 107, 2024 Laws.
- **2024-04-18T20:27:43+00:00** Effective date, April 17, 2024.

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/a28049a5-77f0-4985-8dd7-54d7e99d1750`. Confidence: reported (aggregated from official Oregon legislature records).