summary
Introduced
02/20/2025
02/20/2025
In Committee
03/28/2025
03/28/2025
Crossed Over
Passed
Dead
06/27/2025
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 raises the cap on XI-G bond revenues that a community college may receive. (Flesch Readability Score: 61.8). Increases the limit on the aggregate amount of XI-G general obligation bonds that may be issued for projects at a single community college. Declares an emergency, effective July 1, 2025.
AI Summary
This bill increases the maximum amount of general obligation bonds that can be issued under Article XI-G of the Oregon Constitution for community college projects from $8 million to $15 million per college, starting July 1, 2025. The bill also requires the State Treasurer to adjust this dollar amount every two years based on the Consumer Price Index for All Urban Consumers in the West Region to account for inflation. Additionally, the bill modifies previous language from a 2013 law regarding project approvals and bond issuance for community college projects, removing an outdated $8 million cap and updating references to the original legislation. The bill declares an emergency, which means it will take effect immediately on July 1, 2025, with the intent of preserving public peace, health, and safety by providing more financial flexibility for community college infrastructure and development projects.
Committee Categories
Budget and Finance, Education
Sponsors (0)
No sponsors listed
Other Sponsors (1)
Higher Education And Workforce Development (House)
Last Action
In committee upon adjournment. (on 06/27/2025)
Official Document
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bill summary
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