ORS 286A.560
Definitions for ORS 286A.560 to 286A.585 and 327.700 to 327.711
(1)
“Appropriated funds” for a particular fiscal year means any moneys, other than unobligated net lottery proceeds, that are specifically appropriated or otherwise specifically made available by the Legislative Assembly or the Emergency Board for a fiscal year to replenish reserves established as additional security for lottery bonds pursuant to the authority granted in ORS 286A.580 (Issuance of lottery bonds) (6).(2)
“Bond-related costs” means:(a)
The costs and expenses of issuing, administering and maintaining lottery bonds and the lottery bond program, including but not limited to paying or redeeming lottery bonds, paying amounts due in connection with credit enhancements or any instruments authorized by ORS 286A.580 (Issuance of lottery bonds) (6) and paying the administrative costs and expenses of the State Treasurer and the Oregon Department of Administrative Services, including costs of consultants or advisors retained by the State Treasurer or the Oregon Department of Administrative Services for the lottery bonds or the lottery bond program;(b)
The costs of funding any lottery bond reserves;(c)
Capitalized interest for lottery bonds;(d)
Rebates or penalties due to the United States in connection with lottery bonds; and(e)
Any other costs or expenses that the State Treasurer or the Director of the Oregon Department of Administrative Services determines are necessary or desirable in connection with issuing lottery bonds or maintaining the lottery bond program.(3)
“Lottery bonds” means:(a)
The state park lottery bonds authorized by ORS 390.060 (Definitions for ORS 390.060 to 390.067) to 390.067 (Request for issuance of state park lottery bonds), the infrastructure lottery bonds authorized by ORS 285B.530 (Definitions for ORS 285B.530 to 285B.548) to 285B.548 (Amount of infrastructure lottery bonds) and the education lottery bonds authorized by ORS 327.700 (Definitions for ORS 327.700 to 327.711) to 327.711 (Payment of debt service);(b)
Any other bonds payable from the revenues of the Oregon State Lottery unless the legislation authorizing those bonds expressly provides that those bonds may not be issued under ORS 286A.560 (Definitions for ORS 286A.560 to 286A.585 and 327.700 to 327.711) to 286A.585 (Lottery bonds for community sports facilities); and(c)
Any refunding lottery bonds.(4)
“Lottery Bond Administrative Fund” means the fund created by ORS 286A.573 (Lottery Bond Administrative Fund).(5)
“Lottery Bond Fund” means the fund created by ORS 286A.570 (Lottery Bond Fund).(6)
“Lottery bond program” means a financing program authorized by:(a)
ORS 285B.530 (Definitions for ORS 285B.530 to 285B.548) to 285B.548 (Amount of infrastructure lottery bonds), 327.700 (Definitions for ORS 327.700 to 327.711) to 327.711 (Payment of debt service) or 390.060 (Definitions for ORS 390.060 to 390.067) to 390.067 (Request for issuance of state park lottery bonds); or(b)
Any other Act of the Legislative Assembly authorizing the issuance of bonds that are payable from the revenues of the Oregon State Lottery, unless the legislation authorizing those bonds expressly provides that those bonds may not be issued under ORS 286A.560 (Definitions for ORS 286A.560 to 286A.585 and 327.700 to 327.711) to 286A.585 (Lottery bonds for community sports facilities).(7)
“Refunding lottery bonds” means any bonds issued for the purpose of refunding any lottery bonds.(8)
“Unobligated net lottery proceeds” means all revenues derived from the operation of the Oregon State Lottery except for:(a)
The revenues used for the payment of prizes and expenses of the Oregon State Lottery as provided in section 4 (4)(d), Article XV of the Oregon Constitution, and ORS 461.500 (Lottery to be self-supporting) and 461.510 (State Lottery Fund); and(b)
The revenues required to be allocated to pay the Westside lottery bonds and any bonds issued to refund the Westside lottery bonds, to fund reserves for any of those bonds and to pay related costs of the Department of Transportation.(9)
“Westside lottery bonds” means the bonds issued by this state under the authority granted in ORS 391.140 (Revenue bonds for specified light rail project) that, notwithstanding ORS 267.334 (Electoral approval for issuance of general obligation bonds by Tri-Met to fund extension of light rail), 285B.419 (Administration of Special Public Works Fund), 285B.422 (Funding to municipalities for development projects), 285B.482 (Revenue bonds as parity bonds), 285B.530 (Definitions for ORS 285B.530 to 285B.548) to 285B.548 (Amount of infrastructure lottery bonds), 286A.560 (Definitions for ORS 286A.560 to 286A.585 and 327.700 to 327.711) to 286A.585 (Lottery bonds for community sports facilities), 327.700 (Definitions for ORS 327.700 to 327.711) to 327.711 (Payment of debt service) and 390.060 (Definitions for ORS 390.060 to 390.067) to 390.067 (Request for issuance of state park lottery bonds), shall have a claim on lottery funds that is superior to the claim of the lottery bonds authorized by ORS 286A.560 (Definitions for ORS 286A.560 to 286A.585 and 327.700 to 327.711) to 286A.585 (Lottery bonds for community sports facilities). [Formerly 286.560; 2009 c.821 §17]
Source:
Section 286A.560 — Definitions for ORS 286A.560 to 286A.585 and 327.700 to 327.711, https://www.oregonlegislature.gov/bills_laws/ors/ors286A.html.
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