Bill > SB5701

This bill authorizes the issuance of bonds and other financing agreements totaling over $7.7 billion for various state projects and programs across multiple fiscal years, primarily covering the 2025-2027 biennium. * **General Obligation Bonds:** * Higher Education Coordinating Commission: Over $300 million for various community colleges and universities, including capital improvements, renovations, and new facilities like the Portland Center for the Performing Arts Academic Building ($50.455 million) and the Oregon State University Cascades Student Health and Recreation Center ($32.330 million). * Oregon Business Development Department: $100.910 million (Art. XI-M) and $50.580 million (Art. XI-N) for economic development initiatives. * Department of Education: $50.455 million for educational programs. * Oregon Department of Administrative Services: * Housing and Community Services Department: Over $770 million for affordable rental housing, homeownership, and supportive housing programs. * Department of Corrections: Over $66 million for capital improvements, system upgrades, and facility replacements. * State Forestry Department: Over $10 million for facility replacements and improvements. * State Department of Fish and Wildlife: Over $25 million for capital improvements and district offices. * Oregon Health Authority: $7.545 million for Oregon State Hospital capital improvements. * Judicial Department: $2.535 million for the Morrow County Courthouse. * Oregon Military Department: Over $8 million for readiness centers and maintenance shops. * Department of State Police: Over $10 million for area command centers and patrol offices. * Oregon Youth Authority: Over $50 million for capital improvements, system modernization, and facility renovations. * Department of Public Safety Standards and Training: Over $6 million for a learning management system and deferred maintenance. * Department of Environmental Quality: $1.350 million for laboratory and monitoring equipment. * State Department of Agriculture: $6.185 million for Project OneODA. * Oregon Public Defense Commission: $13.915 million for a financial case management system. * Department of Justice: $13.455 million for a legal tools replacement system. * Department of Revenue: $2.035 million for an electronic valuation information system. * Oregon Department of Emergency Management: $10.140 million for a resiliency grant fund. * Oregon Business Development Department: $100.815 million for the Coos Bay Channel Modification project. * State Parks and Recreation Department: $2.135 million for park acquisition. * Department of Transportation: $251.825 million for the Interstate 5 Bridge Replacement Project. * Department of Veterans’ Affairs: $116 million for veteran programs. * Oregon Liquor and Cannabis Commission: Over $64 million for liquor warehouse land, building, conveyor system, and IT system. * Total General Obligation Bonds: Approximately $2.5 billion. * **Revenue Bonds:** * Housing and Community Services Department: $500 million. * Department of Transportation: $1.195 billion for highway user tax and grant anticipation revenue. * Oregon Business Development Department: $30 million for direct revenue bonds and $602 million for industrial development and farmer loan programs. * Oregon Department of Administrative Services: $579.120 million for lottery revenue bonds. * Oregon Facilities Authority: $1 billion for pass-through revenue bonds. * Housing and Community Services Department: $1.3 billion for pass-through revenue bonds. * Total Revenue Bonds: Approximately $5.2 billion. * **Certificates of Participation and Other Financing Agreements:** * Oregon Department of Administrative Services: Increased authorization to $33.037 million for the 2025-2027 biennium. * Moda Center Improvements: $200 million in Article XI-Q bonds and $200 million in certificates of participation for capital improvements to the Moda Center and surrounding plaza areas, authorized for the 2025-2027 biennium and the 2027-2029 biennium, with specific conditions for issuance. * **Lottery Bonds:** * Various amounts totaling over $30 million are authorized for distribution to specific entities for projects including affordable housing, workforce housing, community center capital improvements, fire station acquisition, business hubs, substance use disorder treatment facilities, street improvements, airport terminal expansion, and water and wastewater infrastructure projects. These are for the biennium ending June 30, 2027. * $20 million for levee system improvements along the Columbia River. * $10 million for brownfield redevelopment and $10 million for Oregon Brownfield Properties Revitalization. * $20 million for industrial lands readiness activities. * $11 million for wastewater infrastructure expansion in Eugene.