SB1110 • 2025

Authorizes the issuance of lottery bonds with the proceeds distributed to Williams & Russell CDC for the purpose of developing a business hub to support small businesses, professional development, workforce training and economic growth in Portland's Albina neighborhood.

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor: Senator Frederick,, Representative Nelson
Last action: 2025-06-27
Official status: In Senate Committee
Effective date: Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Authorizes the issuance of lottery bonds with the proceeds distributed to Williams & Russell CDC for the purpose of developing a business hub to support small businesses, professional development, workforce training and economic growth in Portland's Albina neighborhood.

Digest: The Act would grant lottery bond proceeds to Williams & Russell CDC so that it may set up a business hub in Portland.

What This Bill Does

Digest: The Act would grant lottery bond proceeds to Williams & Russell CDC so that it may set up a business hub in Portland.
(Flesch Readability Score: 65.2).
Authorizes the issuance of lottery bonds with the proceeds distributed to Williams & Russell CDC for the purpose of developing a business hub to support small businesses, professional development, workforce training and economic growth in Portland's Albina neighborhood.
Relating to: Relating to the funding of a business hub.

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.

Bill History

2025-06-27 Senate
In committee upon adjournment.
2025-03-31 Senate
Recommendation: Do pass and be referred to Ways and Means by prior reference.
2025-03-31 Senate
Referred to Ways and Means by prior reference.
2025-03-25 Senate
Work Session held.
2025-03-20 Senate
Public Hearing held.
2025-03-03 Senate
Referred to Labor and Business, then Ways and Means.
2025-02-27 Senate
Introduction and first reading. Referred to President's desk.

Official Summary Text

Digest: The Act would grant lottery bond proceeds to Williams & Russell CDC so that it may set up a business hub in Portland. (Flesch Readability Score: 65.2).
Authorizes the issuance of lottery bonds with the proceeds distributed to Williams & Russell CDC for the purpose of developing a business hub to support small businesses, professional development, workforce training and economic growth in Portland's Albina neighborhood.
Relating to: Relating to the funding of a business hub.
Current location: In Senate Committee

Current Bill Text

Read the full stored bill text

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83rd OREGON LEGISLATIVE ASSEMBLY--2025 Regular Session
Senate Bill 1110
Sponsored by Senator FREDERICK, Representative NELSON
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 as introduced. The statement includes a measure digest written in compliance with applicable readability
standards.
Digest: The Act would grant lottery bond proceeds to Williams & Russell CDC so that it may
set up a business hub in Portland. (Flesch Readability Score: 65.2).
Authorizes the issuance of lottery bonds with the proceeds distributed to Williams & Russell
CDC for the purpose of developing a business hub to support small businesses, professional devel-
opment, workforce training and economic growth in Portland’s Albina neighborhood.
A BILL FOR AN ACT
Relating to the funding of a business hub.
Be It Enacted by the People of the State of Oregon:
SECTION 1.
(1) For the biennium beginning July 1, 2025, at the request of the Oregon
Department of Administrative Services, the State Treasurer is authorized to issue lottery
bonds pursuant to ORS 286A.560 to 286A.585 in an amount that produces $8,750,000 in net
proceeds and interest earnings 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 in an amount sufficient to
provide $8,750,000 in net proceeds and interest earnings must be transferred to the Oregon
Department of Administrative Services for distribution to Williams & Russell CDC to be used
for the purpose of developing a business hub in Portland’s Albina neighborhood that will
provide office and retail space for entrepreneurs and community partner organizations in
order to support small businesses, professional development, workforce training and eco-
nomic growth.
(3) Lottery bonds authorized under this section must be issued no later than June 30,
2026.
(4) The Legislative Assembly finds that the use of lottery bond proceeds for the purposes
described in subsection (2) of this section will create jobs, further economic development,
finance public education or restore and protect parks, beaches, watersheds and native fish
and wildlife in Oregon, and is authorized based on the finding that the development of busi-
ness hubs plays an important role in the state’s economic vitality.
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 4545