Bill > SB5531

This bill authorizes the State Treasurer to issue lottery bonds for various infrastructure, economic development, and community projects across Oregon for the biennium beginning July 1, 2025. The bill includes multiple sections that allocate lottery bond proceeds to specific projects, such as levee improvements, brownfields redevelopment, broadband access for schools, housing assistance, water supply development, port improvements, and various local infrastructure projects. The total bond authorization covers a wide range of initiatives, including $10 million for levee projects, $10 million for brownfields redevelopment, $15 million for school broadband access, and $161.3 million for housing assistance. Additionally, the bill includes funding for specific local projects like a new fire station in Gresham, a behavioral health center in Lane County, hospital expansions, community centers, and infrastructure improvements for various cities and counties. The bill emphasizes that these lottery bond proceeds will create jobs, support economic development, and improve community infrastructure. The legislation includes an emergency clause, meaning it will take effect on July 1, 2025, and requires the Oregon Department of Administrative Services to review each project's readiness before bond issuance.

Budget and Finance, Transportation and Infrastructure

https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/SB5531