Bill > SB5505

This bill authorizes the issuance of state bonds for various capital projects and programs during the 2025-2027 biennium, totaling over $7.4 billion. * **General Obligation Bonds:** * Higher Education Coordinating Commission (Art. XI-G): $120,930,000 for public university capital improvements and renewal, $35,855,000 for the University of Oregon Child Behavioral Health Building, $38,470,000 for Southern Oregon University Creative Industries/Student Success, and $12,555,000 for Western Oregon University Data Center. * Oregon Business Development Department (Art. XI-M): $100,910,000. * Oregon Business Development Department (Art. XI-N): $50,580,000. * Department of Education (Art. XI-P): $50,455,000. * Oregon Department of Administrative Services (Art. XI-Q): $468,220,000 for the Housing and Community Services Department's LIFT Affordable Rental Housing Program, $100,910,000 for the LIFT Homeownership Program, $80,760,000 for the Permanent Supportive Housing Program, $50,455,000 for the Department of Corrections' Capital Improvement and Renewal, $13,040,000 for the Department of Corrections' Wireless Communication System, $20,180,000 for the State Department of Fish and Wildlife's Capital Improvements and Hatchery Facilities, and $100,815,000 for the Oregon Business Development Department's Coos Bay Channel Modification. * Department of Transportation (Art. XI, section 7): $251,825,000 for the Interstate 5 Bridge Replacement Project. * Department of Veterans’ Affairs (Art. XI-A): $116,000,000. * Higher Education Coordinating Commission (Art. XI-F(1)): $53,010,000 for Portland State University's Performing Arts Parking Structure and $85,660,000 for Portland State University Student Housing. * Oregon Department of Administrative Services (Art. XI-Q): $126,080,000 for the Labor and Industries Building Renovation and Seismic Upgrade. * **Revenue Bonds:** * Housing and Community Services Department: $500,000,000 (Direct Revenue Bonds) and $1,300,000,000 (Pass-Through Revenue Bonds). * Department of Transportation: $850,000,000 for Highway User Tax and $345,000,000 for Grant Anticipation Revenue Vehicle. * Oregon Business Development Department: $30,000,000 (Direct Revenue Bonds), $600,000,000 for Industrial Development Bonds, and $2,000,000 for the Beginning and Expanding Farmer Loan Program. * Oregon Department of Administrative Services: $494,515,200 (Lottery Revenue Bonds). * Oregon Facilities Authority: $1,000,000,000 (Pass-Through Revenue Bonds). * **Certificates of Participation and Financing Agreements:** * Oregon Department of Administrative Services: $13,037,910. * **Private Activity Bonds:** * For calendar years 2026 and 2027, $550,336,540 is allocated annually for private activity bonds, primarily for the Housing and Community Services Department ($450,000,000 each year). The bill also includes provisions regarding matching funds for community college projects funded by Article XI-G bonds, requirements for contractors on certain public university projects, and repeals a section of a previous law. The bill takes effect on July 1, 2025.