Increases the limit on the aggregate amount of XI-G general obligation bonds that may be issued for projects at a single community college.

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83rd OREGON LEGISLATIVE ASSEMBLY--2025 Regular Session
A-Engrossed
House Bill 3635
Ordered by the House March 28
Including House Amendments dated March 28
Sponsored by COMMITTEE ON HIGHER EDUCATION AND WORKFORCE DEVELOPMENT (at the request of
Representative Zach Hudson)
SUMMARY
The following summary is not prepared by the sponsors of the measure and is not a part of the body thereof subject
to consideration by the Legislative Assembly. It is an editor’s brief statement of the essential features of the
measure. 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.
A BILL FOR AN ACT
Relating to bonding; creating new provisions; amending section 10, chapter 705, Oregon Laws 2013;
and declaring an emergency.
Be It Enacted by the People of the State of Oregon:
SECTION 1.
(1) For biennia beginning on or after July 1, 2025, the aggregate amount
authorized for issuance of general obligation bonds under Article XI-G of the Oregon Con-
stitution for projects at a single community college may not exceed $15,000,000.
(2) To account for effects of inflation, the State Treasurer shall, by rule, adjust the dollar
amount specified in subsection (1) of this section based on the Consumer Price Index for All
Urban Consumers, West Region (All Items), as published by the Bureau of Labor Statistics
of the United States Department of Labor. The State Treasurer shall make such adjustment
on or before July 1 of each odd-numbered year.
SECTION 2. Section 10, chapter 705, Oregon Laws 2013, is amended to read:
Sec. 10. Notwithstanding any provision of law:
(1) General obligation bonds authorized to be issued under Article XI-G of the Oregon Consti-
tution prior to January 1, 2013, for community college projects must be issued not later than June
30, 2015. Project approvals for general obligation bonds authorized to be issued under Article XI-G
of the Oregon Constitution prior to January 1, 2013, for community college projects, expire on June
30, 2015.
(2) A community college may not have more than one project approved for funding with general
obligation bonds authorized to be issued under Article XI-G of the Oregon Constitution that is
awaiting matching funds, other than projects approved prior to January 1, 2013.
(3) A community college for which a project to be funded with general obligation bonds au-
thorized to be issued under Article XI-G of the Oregon Constitution is approved in [ this 2013 Act ]
chapter 705, Oregon Laws 2013, may not request approval of an additional project to be funded
with general obligation bonds authorized to be issued under Article XI-G of the Oregon Constitution
NOTE: Matter in boldfaced type in an amended section is new; matter [ italic and bracketed] is existing law to be omitted.
New sections are in boldfaced type.
LC 3946
A-Eng. HB 3635
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until the beginning of the regular session of the Legislative Assembly held in 2017, unless the com-
munity college withdraws the project approved under [ this 2013 Act ] chapter 705, Oregon Laws
2013.
[(4) For biennia beginning on or after July 1, 2015, the aggregate amount authorized for issuance
of general obligation bonds under Article XI-G of the Oregon Constitution for projects at a single
community college may not exceed $8 million. ]
SECTION 3.
This 2025 Act being necessary for the immediate preservation of the public
peace, health and safety, an emergency is declared to exist, and this 2025 Act takes effect
July 1, 2025.
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