Relating to state financial administration; and declaring an emergency.
Effective date, April 7, 2026.
Summary
The bill updates Oregon law to allow the issuance of billions of dollars in bonds and certificates of participation for the 2025‑2027 biennium, covering higher‑education facilities, transportation, health, military, and other capital improvements. It also creates specific lottery‑bond programs that direct proceeds to projects such as the Moda Center arena upgrades, the Coos Bay navigation channel, and local wastewater and infrastructure upgrades, with detailed dollar caps and conditions. An emergency clause makes the measures effective immediately upon passage.
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