Establishes amounts authorized for issuance of general obligation bonds, revenue bonds, certificates of participation and other financing agreements for the biennium.

Taxes

Enacted

This bill passed the Legislature and reached final enactment based on the latest official action.

Sponsor
Last action: 2025-08-13
Official status: Chapter Number Assigned
Effective date: Not listed

Plain English Breakdown

The plain English breakdown is still being put together. The official documents below are already here.

Bill History

2025-08-13 Senate
Chapter 630, 2025 Laws.
2025-08-13 Senate
Effective date, August 7, 2025.
2025-08-07 Senate
Governor signed.
2025-06-30 Senate
President signed.
2025-06-30 House
Speaker signed.
2025-06-27 Senate
Recommendation: Do pass with amendments. (Printed A-Eng.)
2025-06-27 Senate
(Amendments distributed.)
2025-06-27 Senate
Second reading.
2025-06-27 Senate
Rules suspended. Third reading. Carried by Girod. Passed. Ayes, 27; Nays, 2--Linthicum, Robinson; Excused, 1--Thatcher.
2025-06-27 House
First reading. Referred to Speaker's desk.
2025-06-27 House
Referred to Ways and Means.
2025-06-27 House
Recommendation: Do pass.
2025-06-27 House
Rules suspended. Second reading.
2025-06-27 House
Rules suspended. Made a Special Order of Business immediately.
2025-06-27 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.
2025-06-24 Senate
Work Session held.
2025-06-24 Senate
Returned to Full Committee.
2025-06-24 Senate
Work Session held.
2025-04-18 Senate
Public Hearing held.
2025-01-18 Senate
Assigned to Subcommittee On Capital Construction.
2025-01-17 Senate
Referred to Ways and Means.
2025-01-13 Senate
Introduction and first reading. Referred to President's desk.

Official Summary Text

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