ORS 286A.560
Definitions for ORS 286A.560 to 286A.585 and 327.700 to 327.711


As used in ORS 286A.560 (Definitions for ORS 286A.560 to 286A.585 and 327.700 to 327.711) to 286A.585 (Lottery bonds for community sports facilities) and 327.700 (Definitions for ORS 327.700 to 327.711) to 327.711 (Payment of debt service), unless the context requires otherwise:

(1)

“Appropriated funds” for a particular fiscal year means any moneys, other than unobligated net lottery proceeds, that are specifically appropriated or otherwise specifically made available by the Legislative Assembly or the Emergency Board for a fiscal year to replenish reserves established as additional security for lottery bonds pursuant to the authority granted in ORS 286A.580 (Issuance of lottery bonds) (6).

(2)

“Bond-related costs” means:

(a)

The costs and expenses of issuing, administering and maintaining lottery bonds and the lottery bond program, including but not limited to paying or redeeming lottery bonds, paying amounts due in connection with credit enhancements or any instruments authorized by ORS 286A.580 (Issuance of lottery bonds) (6) and paying the administrative costs and expenses of the State Treasurer and the Oregon Department of Administrative Services, including costs of consultants or advisors retained by the State Treasurer or the Oregon Department of Administrative Services for the lottery bonds or the lottery bond program;

(b)

The costs of funding any lottery bond reserves;

(c)

Capitalized interest for lottery bonds;

(d)

Rebates or penalties due to the United States in connection with lottery bonds; and

(e)

Any other costs or expenses that the State Treasurer or the Director of the Oregon Department of Administrative Services determines are necessary or desirable in connection with issuing lottery bonds or maintaining the lottery bond program.

(3)

“Lottery bonds” means:

(a)

The state park lottery bonds authorized by ORS 390.060 (Definitions for ORS 390.060 to 390.067) to 390.067 (Request for issuance of state park lottery bonds), the infrastructure lottery bonds authorized by ORS 285B.530 (Definitions for ORS 285B.530 to 285B.548) to 285B.548 (Amount of infrastructure lottery bonds) and the education lottery bonds authorized by ORS 327.700 (Definitions for ORS 327.700 to 327.711) to 327.711 (Payment of debt service);

(b)

Any other bonds payable from the revenues of the Oregon State Lottery unless the legislation authorizing those bonds expressly provides that those bonds may not be issued under ORS 286A.560 (Definitions for ORS 286A.560 to 286A.585 and 327.700 to 327.711) to 286A.585 (Lottery bonds for community sports facilities); and

(c)

Any refunding lottery bonds.

(4)

“Lottery Bond Administrative Fund” means the fund created by ORS 286A.573 (Lottery Bond Administrative Fund).

(5)

“Lottery Bond Fund” means the fund created by ORS 286A.570 (Lottery Bond Fund).

(6)

“Lottery bond program” means a financing program authorized by:

(a)

ORS 285B.530 (Definitions for ORS 285B.530 to 285B.548) to 285B.548 (Amount of infrastructure lottery bonds), 327.700 (Definitions for ORS 327.700 to 327.711) to 327.711 (Payment of debt service) or 390.060 (Definitions for ORS 390.060 to 390.067) to 390.067 (Request for issuance of state park lottery bonds); or

(b)

Any other Act of the Legislative Assembly authorizing the issuance of bonds that are payable from the revenues of the Oregon State Lottery, unless the legislation authorizing those bonds expressly provides that those bonds may not be issued under ORS 286A.560 (Definitions for ORS 286A.560 to 286A.585 and 327.700 to 327.711) to 286A.585 (Lottery bonds for community sports facilities).

(7)

“Refunding lottery bonds” means any bonds issued for the purpose of refunding any lottery bonds.

(8)

“Unobligated net lottery proceeds” means all revenues derived from the operation of the Oregon State Lottery except for:

(a)

The revenues used for the payment of prizes and expenses of the Oregon State Lottery as provided in section 4 (4)(d), Article XV of the Oregon Constitution, and ORS 461.500 (Lottery to be self-supporting) and 461.510 (State Lottery Fund); and

(b)

The revenues required to be allocated to pay the Westside lottery bonds and any bonds issued to refund the Westside lottery bonds, to fund reserves for any of those bonds and to pay related costs of the Department of Transportation.

(9)

“Westside lottery bonds” means the bonds issued by this state under the authority granted in ORS 391.140 (Revenue bonds for specified light rail project) that, notwithstanding ORS 267.334 (Electoral approval for issuance of general obligation bonds by Tri-Met to fund extension of light rail), 285B.419 (Administration of Special Public Works Fund), 285B.422 (Funding to municipalities for development projects), 285B.482 (Revenue bonds as parity bonds), 285B.530 (Definitions for ORS 285B.530 to 285B.548) to 285B.548 (Amount of infrastructure lottery bonds), 286A.560 (Definitions for ORS 286A.560 to 286A.585 and 327.700 to 327.711) to 286A.585 (Lottery bonds for community sports facilities), 327.700 (Definitions for ORS 327.700 to 327.711) to 327.711 (Payment of debt service) and 390.060 (Definitions for ORS 390.060 to 390.067) to 390.067 (Request for issuance of state park lottery bonds), shall have a claim on lottery funds that is superior to the claim of the lottery bonds authorized by ORS 286A.560 (Definitions for ORS 286A.560 to 286A.585 and 327.700 to 327.711) to 286A.585 (Lottery bonds for community sports facilities). [Formerly 286.560; 2009 c.821 §17]

Source: Section 286A.560 — Definitions for ORS 286A.560 to 286A.585 and 327.700 to 327.711, https://www.­oregonlegislature.­gov/bills_laws/ors/ors286A.­html.

286A.001
Definitions for ORS chapter 286A
286A.003
State policy on debt management
286A.005
Authority of State Treasurer to issue bonds
286A.010
Information required by State Treasurer
286A.014
Fees and expenses of State Treasurer
286A.015
Payment of expenses of State Treasurer
286A.016
Disposition of charges
286A.025
Issuance and sale of bonds
286A.035
Bond budget authorization
286A.045
Borrowing for current expenses
286A.050
Short Term Borrowing Account
286A.055
Report by State Treasurer on amount of bonds issued, amounts repaid, costs and interest earned
286A.056
Cancellation or postponement of scheduled issuance of bonds
286A.095
Compliance with constitutional or statutory debt limit
286A.100
Definitions for ORS 286A.100 and 286A.102
286A.102
Lien of a pledge
286A.110
Agreements for exchange of interest rates
286A.118
Termination payment of conduit borrower
286A.120
Credit enhancement devices
286A.123
Agency purchase of own bonds
286A.130
Bond counsel services
286A.132
Debt-related advisory services
286A.140
State taxation of bond interest
286A.145
Federal taxation of bond interest
286A.160
Exception to expenditure limits for repaying obligations
286A.185
Cancellation, purchase or redemption of bonds
286A.190
Disclosure of bond ownership
286A.195
Financial audit of bond programs
286A.200
Administration of certain bond programs by Oregon Department of Administrative Services
286A.250
State Debt Policy Advisory Commission
286A.255
Functions and duties of commission
286A.560
Definitions for ORS 286A.560 to 286A.585 and 327.700 to 327.711
286A.563
Purposes
286A.566
Requirements for legislation authorizing lottery bonds
286A.570
Lottery Bond Fund
286A.573
Lottery Bond Administrative Fund
286A.576
Allocation of lottery moneys for lottery bonds
286A.578
Litigation challenging legality of Oregon State Lottery
286A.580
Issuance of lottery bonds
286A.585
Lottery bonds for community sports facilities
286A.605
Definitions for ORS 286A.605 to 286A.625
286A.615
Private Activity Bond Committee
286A.620
Private activity bond volume cap
286A.625
State Treasurer to maintain records
286A.630
Reallocation of private activity bond cap
286A.700
Authority to issue baccalaureate bonds
286A.710
Definitions for ORS 286A.710 to 286A.720
286A.712
Authority of State Treasurer to issue bonds
286A.714
Article XI-D Bond Fund
286A.716
Article XI-D Bond Administration Fund
286A.718
Renewable Energy Fund
286A.720
Payment of bond-related costs
286A.730
Definitions for ORS 286A.730 to 286A.750
286A.735
Authority of State Treasurer to issue pension liability bonds
286A.740
Article XI-O Bond Fund
286A.745
Article XI-O Bond Administration Fund
286A.750
Terms and conditions of pension liability bonds
286A.760
Definitions for ORS 286A.760 to 286A.772
286A.762
Authority of State Treasurer to issue bonds
286A.764
Article XI-M Bond Fund
286A.766
Article XI-M Bond Administration Fund
286A.768
Education Seismic Fund
286A.772
Payment of bond-related costs
286A.780
Definitions for ORS 286A.780 to 286A.792
286A.782
Authority of State Treasurer to issue bonds
286A.784
Article XI-N Bond Fund
286A.786
Article XI-N Bond Administration Fund
286A.788
Emergency Services Seismic Fund
286A.792
Payment of bond-related costs
286A.796
Definitions for ORS 286A.796 to 286A.806
286A.798
Authority of State Treasurer to issue bonds
286A.800
School capital matching bond program
286A.801
Matching fund grants to school districts
286A.802
Article XI-P Bond Fund
286A.804
Article XI-P Bond Administration Fund
286A.806
School Capital Matching Fund
286A.808
Oregon School Capital Improvement Matching Account
286A.810
LEED certification of school projects financed with Article XI-P bonds
286A.816
Definitions for ORS 286A.816 to 286A.826
286A.818
Authority of State Treasurer to issue bonds
286A.820
Article XI-Q Bond Fund
286A.822
Article XI-Q Bond Administration Fund
286A.824
Article XI-Q bond program
286A.826
Budgeting for Article XI-Q project costs
286A.830
Definitions for ORS 286A.830 to 286A.863
286A.833
Authority of State Treasurer to issue Article XI-F(1) bonds
286A.836
Loan agreements for Article XI-F(1) bonds
286A.839
Article XI-F(1) Bond Fund
286A.842
Article XI-F(1) Bond Administration Fund
286A.845
Budgeting for Article XI-F(1) bonds
286A.848
Authority of State Treasurer to issue Article XI-G bonds
286A.851
Grant contracts for Article XI-G bonds
286A.854
Article XI-G Bond Fund
286A.857
Article XI-G Bond Administration Fund
286A.860
Budgeting for Article XI-G bonds
286A.863
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