ORS 341.721
Issuance by State Treasurer

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To provide funds to community college districts for the purposes specified in Article XI-G of the Oregon Constitution, the State Treasurer may issue bonds under ORS 286A.848 (Authority of State Treasurer to issue Article XI-G bonds). [2005 c.787 §20; 2007 c.783 §140; 2013 c.747 §71; 2015 c.366 §27; 2017 c.9 §13]

(Temporary provisions relating to general obligation bonds issued for the 2021-2023 biennium)

Note: Sections 1, 5, 6, 7 and 9, chapter 658, Oregon Laws 2021, provide:

Sec. 1. The amounts authorized, as provided by ORS 286A.035 (Bond budget authorization), for issuance of general obligation bonds of the state during the 2021-2023 biennium are as follows:

General Fund Obligations

(1)

Higher Education Coordinating

Commission (Art. XI-G):

(a)

Eastern Oregon University,

Inlow Hall Renovation,

Phase II $ 600,000

(b)

Oregon State University:

(A)

Cascades Student

Success Center $ 5,105,000

(B)

Cordley Hall Renovation,

Phase II $ 25,375,000

(c)

Portland State University,

Gateway Center Reuse and

Extension $ 5,105,000

(d)

University of Oregon,

Heritage Building Renovation $ 5,960,000

(e)

Western Oregon University,

Student Success Center $ 695,000

(f)

Blue Mountain Community

College, Facility for

Agricultural Resource

Management $ 6,615,000

(g)

Central Oregon Community

College, Classroom Building

Redmond Campus $ 8,125,000

(h)

Chemeketa Community

College, Building 7 Remodel $ 8,125,000

(i)

Clatsop Community College,

Maritime Science Building $ 8,120,000

(j)

Klamath Community College,

Childcare Resource Learning

Center $ 1,540,000

(k)

Linn-Benton Community

College, Agricultural Center $ 8,125,000

(L)

Mt. Hood Community College,

Accessibility Upgrades,

Dental Hygiene Lab and

Deferred Maintenance $ 8,125,000

(m)

Oregon Coast Community

College, Workforce Education

and Resiliency Center $ 8,125,000

(n)

Rogue Community College,

Transportation Technology

Center $ 7,120,000

(o)

Tillamook Bay Community

College, Classroom and

Office Building and

Renovations $ 8,125,000

(p)

Treasure Valley Community

College, Nursing-Allied

Health Professions Center $ 5,015,000

(2)

Department of Environmental

Quality (Art. XI-H) $ 10,300,000

(3)

Oregon Business Development

Department (Art. XI-M) $ 111,300,000

(4)

Oregon Business Development

Department (Art. XI-N) $ 50,750,000

(5)

Department of Education

(Art. XI-P)

$ 126,090,000

(6)

Oregon Department of

Administrative

Services (Art. XI-Q):

(a)

Department of Revenue,

Electronic Valuation

Information System $ 4,245,000

(b)

Oregon Military Department:

(A)

Ashland Armory Service

Life Extension $ 5,480,000

(B)

Corvallis Armory Service

Life Extension $ 4,375,000

(C)

Resiliency Grant Fund

established under

ORS 401.552 (Resiliency Grant Fund) $ 10,210,000

(D)

Washington County

Readiness Center $ 5,410,000

(c)

Oregon State Police:

(A)

Central Point Office

Expansion $ 34,435,000

(B)

Springfield Forensic Lab and

Medical Examiner’s Office $ 62,710,000

(C)

Springfield Patrol Area

Command Office $ 14,490,000

(d)

Department of Corrections:

(A)

Capital Improvement and

Renewal $ 70,745,000

(B)

Electronic Health Records $ 13,635,000

(C)

Off-Net Telephone

Infrastructure $ 3,825,000

(e)

Oregon Youth Authority:

(A)

Camp Riverbend Dorm

Renovation $ 6,975,000

(B)

Capital Improvements $ 11,060,000

(C)

Control Room Renovations $ 1,300,000

(D)

JJIS IT System

Modernization $ 7,870,000

(E)

MacLaren Infirmary and

Pharmacy Renovation $ 1,720,000

(F)

MacLaren West Cottages

Renovations $ 20,795,000

(G)

Oak Creek Medical and

Dental Clinic Renovations $ 710,000

(H)

Rogue Valley Facility

Improvements $ 7,110,000

(I)

Tillamook Dorm Renovation $ 10,495,000

(J)

Tillamook Medical and

Dental Renovations $ 690,000

(f)

Oregon Health Authority:

(A)

OSH Salem Well Water

Treatment Facility $ 4,555,000

(B)

OSH Salem/Junction City

Automated Dispensing

Cabinets $ 3,555,000

(g)

Higher Education

Coordinating Commission:

(A)

Public Universities Capital

Improvement and Renewal $ 80,810,000

(B)

Eastern Oregon University,

Inlow Hall Renovation,

Phase II $ 17,920,000

(C)

Oregon Institute of

Technology, OMIC R&D Center

for Additive Manufacturing

Innovation, Phase II $ 5,105,000

(D)

Oregon State University:

(i)

Cascades Student Success

Center $ 8,930,000

(ii)

Cordley Hall Renovation,

Phase II $ 61,690,000

(E)

Portland State University,

Gateway Center Reuse and

Extension $ 45,585,000

(F)

University of Oregon,

Heritage Building Renovation $ 53,285,000

(G)

Western Oregon University,

Student Success Center $ 20,920,000

(H)

FAMIS System Replacement $ 5,105,000

(h)

Department of Education:

(A)

Oregon School for the Deaf

ADA Restrooms $ 1,065,000

(B)

Oregon School for the Deaf

Fire Alarm System

Replacement $ 3,145,000

(C)

Oregon School for the Deaf

Windows Upgrade $ 1,425,000

(i)

State Forestry Department:

(A)

Capital Improvements $ 2,464,209

(B)

Toledo Facility Replacement

Phase II $ 1,136,227

(j)

State Parks and Recreation

Department, Capital

Improvement and Renewal $ 50,750,000

(k)

Oregon Department of

Fish and Wildlife,

Capital Improvement

and Renewal $ 5,105,000

(L)

Housing and Community

Services Department,

Local Innovation and Fast

Track (LIFT) Housing and

Permanent Supportive

Housing $ 413,490,000

(m)

Judicial Department:

(A)

Benton County Courthouse $ 20,730,000

(B)

Clackamas County

Courthouse $ 95,400,000

(C)

Crook County Courthouse $ 11,885,000

(D)

Linn County Courthouse $ 16,110,000

(E)

Supreme Court Building

Renovation $ 21,950,000

(n)

Legislative Administration

Committee, Document

Publishing and Management

System $ 4,310,000

Dedicated Fund Obligations

(7)

Department of Veterans’

Affairs (Art. XI-A) $ 180,000,000

(8)

Department of Environmental

Quality (Art. XI-H) $ 10,000,000

(9)

Housing and Community

Services Department

(Art. XI-I(2)) $ 50,000,000

(10)

Higher Education Coordinating

Commission (Art. XI-F(1)):

(a)

Oregon Institute of

Technology, New Residence

Hall Facility $ 55,650,000

(b)

Oregon State University,

Reser Stadium West

Grandstands $ 40,555,000

(c)

Portland State University,

Gateway Center Reuse

and Extension $ 18,300,000

(11)

Oregon Department of

Administrative Services

(Art. XI-Q):

(a)

Executive Building Interior

and Seismic Renovation $ 45,620,000

(b)

Justice Building Exterior

Renovations $ 3,555,000

(c)

North Valley Complex

Infrastructure Upgrades/

Tenant Improvements $ 60,820,000

(d)

Portland State Office

Building Improvements $ 8,730,000

(e)

Revenue Building Electrical

System Upgrades $ 7,120,000

(f)

Yellow Parking Lot Paving $ 4,055,000

(g)

State Forestry Department:

(A)

Capital Improvements $ 2,420,791

(B)

Toledo Facility Replacement,

Phase II $ 1,578,773

(h)

Oregon Liquor and Cannabis

Commission:

(A)

Liquor Warehouse Conveyor

System $ 10,175,000

(B)

Liquor Warehouse Land

and Building $ 53,170,000

(C)

Liquor Warehouse

Management IT System $ 27,390,000

Total General Obligation

Bonds $ 2,252,290,200

[2021 c.658 §1]

Sec. 5. (1) For purposes of Article XI-F(1), section 1, of the Oregon Constitution, the Legislative Assembly determines that the projects authorized to be financed pursuant to section 1 (10) of this 2021 Act with bonds issued under Article XI-F(1) of the Oregon Constitution will benefit higher education institutions or activities.

(2)

For purposes of Article XI-G, section 1, of the Oregon Constitution, the Legislative Assembly determines that the projects authorized to be financed pursuant to section 1 (1) of this 2021 Act with bonds issued under Article XI-G of the Oregon Constitution will benefit higher education institutions or activities or community colleges authorized by law to receive state aid. [2021 c.658 §5]

Sec. 6. Bonds authorized under section 1 (1) of this 2021 Act may not be issued until the constructing authority certifies that the constructing authority has matching funds available for the same or similar purposes as the Article XI-G bonds that will fund the grant to the constructing authority, that the matching funds are not proceeds of indebtedness incurred by the state under any other article of the Oregon Constitution, and that the matching funds are available to the constructing authority in an amount at least equal to the amount of indebtedness incurred by the state through the issuance of the Article XI-G bonds. [2021 c.658 §6]

Sec. 7. (1) Out of the amount specified in section 1 (6)(m)(A) of this 2021 Act, the State Treasurer may issue Article XI-Q bonds in an amount not to exceed $20,383,129 of net proceeds for the purposes and in the manner specified in section 8, chapter 705, Oregon Laws 2013, plus an amount estimated by the State Treasurer to pay estimated bond-related costs.

(2)

Out of the amount specified in section 1 (6)(m)(B) of this 2021 Act, the State Treasurer may issue Article XI-Q bonds in an amount not to exceed $94,500,000 of net proceeds for the purposes and in the manner specified in section 8, chapter 705, Oregon Laws 2013, plus an amount estimated by the State Treasurer to pay estimated bond-related costs.

(3)

Out of the amount specified in section 1 (6)(m)(C) of this 2021 Act, the State Treasurer may issue Article XI-Q bonds in an amount not to exceed $11,700,000 of net proceeds for the purposes and in the manner specified in section 8, chapter 705, Oregon Laws 2013, plus an amount estimated by the State Treasurer to pay estimated bond-related costs.

(4)

Out of the amount specified in section 1 (6)(m)(D) of this 2021 Act, the State Treasurer may issue Article XI-Q bonds in an amount not to exceed $15,900,000 of net proceeds for the purposes and in the manner specified in section 8, chapter 705, Oregon Laws 2013, plus an amount estimated by the State Treasurer to pay estimated bond-related costs.

(5)

For purposes of sections 8 and 9, chapter 705, Oregon Laws 2013, and section 64, chapter 723, Oregon Laws 2013, bonds issued pursuant to this section are considered to be bonds issued pursuant to section 8, chapter 705, Oregon Laws 2013.

(6)

Bonds may not be issued pursuant to section 1 (6)(m)(A), (B), (C) or (D) of this 2021 Act except as provided in this section. [2021 c.658 §7]

Sec. 9. A community college for which a project to be funded with general obligation bonds authorized to be issued under Article XI-G of the Oregon Constitution is approved in this 2021 Act may not request approval for an additional project to be funded with general obligation bonds authorized to be issued under Article XI-G of the Oregon Constitution until the beginning of the regular session of the Legislative Assembly held in 2025, unless the community college withdraws the project approved under this 2021 Act. [2021 c.658 §9]

Source: Section 341.721 — Issuance by State Treasurer, https://www.oregonlegislature.gov/bills_laws/ors/ors341.html.

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ORS 341.721 Issuance by State Treasurer

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ORS 341.721
Issuance by State Treasurer