Community Colleges

ORS 341.721
Issuance by State Treasurer


To provide funds to community college districts for the purposes specified in Article XI-G of the Oregon Constitution, the State Treasurer may issue bonds under ORS 286A.848 (Authority of State Treasurer to issue Article XI-G bonds). [2005 c.787 §20; 2007 c.783 §140; 2013 c.747 §71; 2015 c.366 §27; 2017 c.9 §13]
(Temporary provisions relating to lottery bonds to provide funding
for Facility for Agricultural Resource Management Fund)
Note: Sections 25 and 26, chapter 671, Oregon Laws 2019, provide:
Sec. 25. (1) For the biennium beginning July 1, 2019, at the request of the Oregon Department of Administrative Services, after the department consults with the Higher Education Coordinating Commission, the State Treasurer is authorized to issue lottery bonds pursuant to 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) in an amount that produces $6.5 million in net proceeds for the purposes described in subsection (2) of this section, plus an additional amount estimated by the State Treasurer to be necessary to pay bond-related costs.

(2)

Net proceeds of lottery bonds issued under this section must be transferred to the Higher Education Coordinating Commission for deposit in the Facility for Agricultural Resource Management Fund, established in section 26 of this 2019 Act, to provide a grant to the Blue Mountain Community College to design and construct a new facility for animal science programs, including veterinary technician, livestock breeding and equine health management.

(3)

The Legislative Assembly finds that the use of lottery bond proceeds will create jobs, further economic development, finance public education or restore and protect parks, beaches, watersheds and native fish and wildlife, and is authorized based on the following findings:

(a)

Providing financing to build a community college agricultural education building expands opportunities for hands-on learning; and

(b)

Having facilities to prepare students for agricultural careers helps to support Oregon’s rural agricultural economy. [2019 c.671 §25]
Sec. 26. (1) The Facility for Agricultural Resource Management Fund is established in the State Treasury, separate and distinct from the General Fund. Interest earned by the Facility for Agricultural Resource Management Fund must be credited to the fund. The Facility for Agricultural Resource Management Fund consists of moneys deposited in the fund under section 25 of this 2019 Act and may include moneys appropriated, allocated, deposited or transferred to the fund by the Legislative Assembly or otherwise and interest earned on moneys in the fund.

(2)

Moneys in the fund are continuously appropriated to the Higher Education Coordinating Commission for disbursement for the purposes set forth in section 25 of this 2019 Act. [2019 c.671 §26]
Note: Sections 1, 5, 6 and 8, chapter 661, Oregon Laws 2019, provide:
Sec. 1. The amounts authorized, as provided by ORS 286A.035 (Bond budget authorization), for issuance of general obligation bonds of the state during the 2019-2021 biennium, notwithstanding section 9, chapter 570, Oregon Laws 2017, are as follows:
GENERAL OBLIGATION BONDS
General Fund Obligations

(1)

Higher Education Coordinating
Commission (Art. XI-G):

(a)

Blue Mountain Community
College, Facility for
Agricultural Resource
Management $ 6,615,000

(b)

Central Oregon Community
College, Classroom Building
Redmond Campus $ 8,125,000

(c)

Clatsop Community College,
Maritime Science Building $ 8,120,000

(d)

Klamath Community College,
Apprenticeship and Industrial
Trades Center $ 3,965,000

(e)

Lane Community College,
Health Care Village Facility $ 8,125,000

(f)

Mt. Hood Community College,
Maywood Park Center $ 8,125,000

(g)

Oregon Coast Community
College, Workforce Education
and Resiliency Center $ 8,125,000

(h)

Portland Community College,
Health Technology Building
Renovation $ 8,125,000

(i)

Southwestern Oregon
Community College,
Sumner and Coaledo Halls
Remodel $ 2,800,000

(j)

Treasure Valley Community
College, Nursing-Allied
Health Professions Center $ 5,015,000

(k)

Umpqua Community College,
Industrial Technology
Building $ 8,125,000

(2)

Oregon Business Development
Department (Art. XI-M) $ 101,240,000

(3)

Oregon Business Development
Department (Art. XI-N) $ 20,270,000

(4)

Department of Education
(Art. XI-P) $ 126,090,000

(5)

Oregon Department of
Administrative
Services (Art. XI-Q):

(a)

State Fair Horse Barn $ 3,050,000

(b)

State Fair Poultry Barn $ 2,045,000

(c)

State Fair Facilities
Capital Improvement $ 5,430,000

(d)

Department of Corrections:

(A)

Capital Improvement and
Renewal $ 24,810,000

(B)

Radio System $ 14,235,000

(C)

Camera System $ 8,790,000

(e)

Department of Human
Services, ONE Integrated
Eligibility and Medicaid
Eligibility System $ 38,165,000

(f)

Housing and Community
Services Department:

(A)

Local Innovation and Fast
Track Housing Program $ 151,550,000

(B)

Permanent Supportive
Housing $ 50,730,000

(g)

Higher Education
Coordinating Commission:

(A)

Public Universities Capital
Improvement and Renewal $ 65,715,000

(B)

Oregon Institute of
Technology, OMIC R&D Rapid
Toolmaking Center, Rapid
Prototyping Education Lab
and Sinter HIP Equipment $ 12,905,000

(h)

Oregon Military Department:

(A)

Salem and Pendleton
Aviation Facility Emergency
Enhancement $ 9,985,000

(B)

Portland Jackson Armory
Service Life Extension $ 4,335,000

(C)

Salem Owen Summers and
Anderson Readiness Center
Service Life Extension $ 5,910,000

(D)

Oregon Military Museum $ 2,045,000

(i)

Oregon Youth Authority:

(A)

Oak Creek Medical and
Dental Renovations $ 1,345,000

(B)

Tillamook Medical and
Dental Renovations $ 1,595,000

(C)

MacLaren Infirmary and
Pharmacy Renovation and
Expansion $ 1,875,000

(D)

MacLaren West Cottages
Renovation $ 14,325,000

(E)

Rogue Valley Facility
Improvements $ 8,135,000

(F)

Control Room Renovations $ 1,850,000

(G)

Capital Improvements $ 5,305,000

(j)

State Forestry Department,
Toledo Facility Replacement $ 1,249,223

(k)

Department of
Environmental Quality,
Environmental Data
Management System $ 5,065,000

(L)

Legislative Administration
Committee, Document
Publishing and
Management System $ 9,280,000

(m)

Judicial Department:

(A)

Clackamas County
Courthouse $ 31,935,000

(B)

Lane County Courthouse $ 88,455,000

(C)

Linn County Courthouse $ 16,180,000

(D)

Multnomah County
Courthouse $ 8,625,000

(E)

Supreme Court
Building Renovation $ 28,230,000
Dedicated Fund Obligations

(6)

Department of Veterans’
Affairs (Art. XI-A) $ 180,000,000

(7)

Department of Environmental
Quality (Art. XI-H) $ 10,000,000

(8)

Housing and Community
Services Department
(Art. XI-I(2)) $ 50,000,000

(9)

Oregon Department of
Administrative Services
(Art. XI-Q):

(a)

Revenue Building Electrical
System Upgrades $ 10,240,000

(b)

Justice Building
Exterior Renovations $ 5,105,000

(c)

Portland State Office
Building Improvements $ 8,725,000

(d)

Wilsonville Building
Purchase $ 24,330,000

(e)

State Forestry Department,
Toledo Facility Replacement $ 1,735,777
Total General Obligation
Bonds $ 1,236,150,000 [2019 c.661 §1]
Sec. 5. For purposes of Article XI-G, section 1, of the Oregon Constitution, the Legislative Assembly determines that the projects authorized to be financed pursuant to section 1 (1) of this 2019 Act with bonds issued under Article XI-G of the Oregon Constitution will benefit higher education institutions or activities or community colleges authorized by law to receive state aid. [2019 c.661 §5]
Sec. 6. Bonds authorized under section 1 (1) of this 2019 Act may not be issued until the constructing authority certifies that the constructing authority has matching funds available for the same or similar purposes as the Article XI-G bonds that will fund the grant to the constructing authority, that the match funds are not proceeds of indebtedness incurred by the state under any other article of the Oregon Constitution, and that the match funds are available to the constructing authority in an amount at least equal to the amount of indebtedness incurred by the state through the issuance of the Article XI-G bonds. [2019 c.661 §6]
Sec. 8. (1) Out of the amount specified in section 1 (5)(m)(A) of this 2019 Act, the State Treasurer may issue Article XI-Q bonds in an amount not to exceed $31,500,000 of net proceeds for the purposes and in the manner specified in section 8, chapter 705, Oregon Laws 2013, plus an amount estimated by the State Treasurer to pay estimated bond-related costs.

(2)

Out of the amount specified in section 1 (5)(m)(B) of this 2019 Act, the State Treasurer may issue Article XI-Q bonds in an amount not to exceed $87,600,000 of net proceeds for the purposes and in the manner specified in section 8, chapter 705, Oregon Laws 2013, plus an amount estimated by the State Treasurer to pay estimated bond-related costs.

(3)

Out of the amount specified in section 1 (5)(m)(C) of this 2019 Act, the State Treasurer may issue Article XI-Q bonds in an amount not to exceed $15,900,000 of net proceeds for the purposes and in the manner specified in section 8, chapter 705, Oregon Laws 2013, plus an amount estimated by the State Treasurer to pay estimated bond-related costs.

(4)

For purposes of sections 8 and 9, chapter 705, Oregon Laws 2013, and section 64, chapter 723, Oregon Laws 2013, bonds issued pursuant to this section are considered to be bonds issued pursuant to section 8, chapter 705, Oregon Laws 2013.

(5)

Bonds may not be issued pursuant to section 1 (5)(m)(A), (B) or (C) of this 2019 Act except as provided in this section. [2019 c.661 §8]

Source

Last accessed
Jun. 26, 2021