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Bill > HB2717

OR HB2717

OR HB2717
Relating to state financial administration; declaring an emergency.

summary

Introduced
01/13/2025
In Committee
01/17/2025
Crossed Over
Passed
Dead
06/27/2025

Introduced Session

2025 Legislative Measures

Bill Summary

The statement includes a measure digest written in compliance with applicable readability standards. Digest: The Act says that the state may issue bonds for a veterans’ home in Roseburg. (Flesch Readability Score: 67.5). Authorizes the issuance of general obligation bonds under Article XI-Q of the Oregon Constitu- tion for construction of a veterans’ home in Roseburg. Declares an emergency, effective July 1, 2025.

AI Summary

This bill authorizes the State Treasurer to issue $17,500,000 in Article XI-Q general obligation bonds during the 2025-2027 biennium to fund the construction of a veterans' home in Roseburg, Oregon. Article XI-Q bonds are a specific type of state-issued bond authorized by Oregon law for specific public projects. The bonds will be issued at the request of the Oregon Department of Administrative Services, and the net proceeds will be transferred to the Department of Veterans' Affairs specifically for the construction of the veterans' home. The bill includes an emergency clause, which means the legislation will take effect immediately on July 1, 2025, in order to expedite the funding and construction process. This bond issuance is in addition to any existing bond authorization, ensuring that the veterans' home project can move forward without impacting other potential state bonding activities.

Committee Categories

Military Affairs and Security

Sponsors (1)

Last Action

In committee upon adjournment. (on 06/27/2025)

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