SB5505
Establishes amounts authorized for issuance of general obligation bonds, revenue bonds, certificates of participation and other financing agreements for the biennium.
In one sentence
Digest: The Act governs bonding by the state for the biennium.
What it does
- Digest: The Act governs bonding by the state for the biennium.
- (Flesch Readability Score: 78.2).
- Establishes amounts authorized for issuance of general obligation bonds, revenue bonds, certificates of participation and other financing agreements for the biennium.
- Establishes amounts allocated for private activity bonds.
Who it affects
Not clearly identified in the stored source.
Limits and unknowns
- This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.
Official record
Sources
Official summary
Digest: The Act governs bonding by the state for the biennium. (Flesch Readability Score: 78.2). Establishes amounts authorized for issuance of general obligation bonds, revenue bonds, certificates of participation and other financing agreements for the biennium. Establishes amounts allocated for private activity bonds. [<i>Authorizes general obligation bonding for the Interstate 5 bridge replacement project for future biennia.</i>] Makes legislative findings regarding benefits to higher education institutions and community colleges from the issuance of bonds under Article XI-F(1) and Article XI-G of the Oregon Constitution. [<i>Requires a constructing authority to make certain certifications before issuance of bonds under Article XI-G of the Oregon Constitution.</i>] <b>Requires specified constructing authorities to meet certain conditions before issuance of specified bonds. Establishes restrictions on general obligation bonding for the benefit of community colleges. Establishes requirements applicable to certain contracts for specified higher education capital construction projects.</b> Declares an emergency, effective July 1, 2025. Relating to: Relating to state financial administration; and declaring an emergency. Current location: Chapter Number Assigned
Official activity
Bill history
- Chapter 630, 2025 Laws.Senate
- Effective date, August 7, 2025.Senate
- Governor signed.Senate
- President signed.Senate
- Speaker signed.House
- Recommendation: Do pass with amendments. (Printed A-Eng.)Senate
- (Amendments distributed.)Senate
- Second reading.Senate
- Rules suspended. Third reading. Carried by Girod. Passed. Ayes, 27; Nays, 2--Linthicum, Robinson; Excused, 1--Thatcher.Senate
- First reading. Referred to Speaker's desk.House
- Referred to Ways and Means.House
- Recommendation: Do pass.House
- Rules suspended. Second reading.House
- Rules suspended. Made a Special Order of Business immediately.House
- Rules suspended. Third reading as Special Order of Business. Carried by Nosse. Passed. Ayes, 50; Excused, 9--Cate, Harbick, McIntire, Nguyen H, Reschke, Smith G, Wallan, Wright, Yunker; Excused for Business of the House, 1--Valderrama.House
- Work Session held.Senate
- Returned to Full Committee.Senate
- Work Session held.Senate
- Public Hearing held.Senate
- Assigned to Subcommittee On Capital Construction.Senate