2021 Oregon Revised Statutes
Chapter 341 - Community Colleges
Section 341.721 - Issuance by State Treasurer.

Note: Sections 1, 5, 6, 7 and 9, chapter 658, Oregon Laws 2021, provide:
Sec. 1. The amounts authorized, as provided by ORS 286A.035, for issuance of general obligation bonds of the state during the 2021-2023 biennium are as follows:
GENERAL OBLIGATION BONDS
General Fund Obligations
(1) Higher Education Coordinating
Commission (Art. XI-G):
(a) Eastern Oregon University,
Inlow Hall Renovation,
Phase II $ 600,000
(b) Oregon State University:
(A) Cascades Student
Success Center $ 5,105,000
(B) Cordley Hall Renovation,
Phase II $ 25,375,000
(c) Portland State University,
Gateway Center Reuse and
Extension $ 5,105,000
(d) University of Oregon,
Heritage Building Renovation $ 5,960,000
(e) Western Oregon University,
Student Success Center $ 695,000
(f) Blue Mountain Community
College, Facility for
Agricultural Resource
Management $ 6,615,000
(g) Central Oregon Community
College, Classroom Building
Redmond Campus $ 8,125,000
(h) Chemeketa Community
College, Building 7 Remodel $ 8,125,000
(i) Clatsop Community College,
Maritime Science Building $ 8,120,000
(j) Klamath Community College,
Childcare Resource Learning
Center $ 1,540,000
(k) Linn-Benton Community
College, Agricultural Center $ 8,125,000
(L) Mt. Hood Community College,
Accessibility Upgrades,
Dental Hygiene Lab and
Deferred Maintenance $ 8,125,000
(m) Oregon Coast Community
College, Workforce Education
and Resiliency Center $ 8,125,000
(n) Rogue Community College,
Transportation Technology
Center $ 7,120,000
(o) Tillamook Bay Community
College, Classroom and
Office Building and
Renovations $ 8,125,000
(p) Treasure Valley Community
College, Nursing-Allied
Health Professions Center $ 5,015,000
(2) Department of Environmental
Quality (Art. XI-H) $ 10,300,000
(3) Oregon Business Development
Department (Art. XI-M) $ 111,300,000
(4) Oregon Business Development
Department (Art. XI-N) $ 50,750,000
(5) Department of Education
(Art. XI-P) $ 126,090,000
(6) Oregon Department of
Administrative
Services (Art. XI-Q):
(a) Department of Revenue,
Electronic Valuation
Information System $ 4,245,000
(b) Oregon Military Department:
(A) Ashland Armory Service
Life Extension $ 5,480,000
(B) Corvallis Armory Service
Life Extension $ 4,375,000
(C) Resiliency Grant Fund
established under
ORS 401.552 $ 10,210,000
(D) Washington County
Readiness Center $ 5,410,000
(c) Oregon State Police:
(A) Central Point Office
Expansion $ 34,435,000
(B) Springfield Forensic Lab and
Medical Examiner’s Office $ 62,710,000
(C) Springfield Patrol Area
Command Office $ 14,490,000
(d) Department of Corrections:
(A) Capital Improvement and
Renewal $ 70,745,000
(B) Electronic Health Records $ 13,635,000
(C) Off-Net Telephone
Infrastructure $ 3,825,000
(e) Oregon Youth Authority:
(A) Camp Riverbend Dorm
Renovation $ 6,975,000
(B) Capital Improvements $ 11,060,000
(C) Control Room Renovations $ 1,300,000
(D) JJIS IT System
Modernization $ 7,870,000
(E) MacLaren Infirmary and
Pharmacy Renovation $ 1,720,000
(F) MacLaren West Cottages
Renovations $ 20,795,000
(G) Oak Creek Medical and
Dental Clinic Renovations $ 710,000
(H) Rogue Valley Facility
Improvements $ 7,110,000
(I) Tillamook Dorm Renovation $ 10,495,000
(J) Tillamook Medical and
Dental Renovations $ 690,000
(f) Oregon Health Authority:
(A) OSH Salem Well Water
Treatment Facility $ 4,555,000
(B) OSH Salem/Junction City
Automated Dispensing
Cabinets $ 3,555,000
(g) Higher Education
Coordinating Commission:
(A) Public Universities Capital
Improvement and Renewal $ 80,810,000
(B) Eastern Oregon University,
Inlow Hall Renovation,
Phase II $ 17,920,000
(C) Oregon Institute of
Technology, OMIC R&D Center
for Additive Manufacturing
Innovation, Phase II $ 5,105,000
(D) Oregon State University:
(i) Cascades Student Success
Center $ 8,930,000
(ii) Cordley Hall Renovation,
Phase II $ 61,690,000
(E) Portland State University,
Gateway Center Reuse and
Extension $ 45,585,000
(F) University of Oregon,
Heritage Building Renovation $ 53,285,000
(G) Western Oregon University,
Student Success Center $ 20,920,000
(H) FAMIS System Replacement $ 5,105,000
(h) Department of Education:
(A) Oregon School for the Deaf
ADA Restrooms $ 1,065,000
(B) Oregon School for the Deaf
Fire Alarm System
Replacement $ 3,145,000
(C) Oregon School for the Deaf
Windows Upgrade $ 1,425,000
(i) State Forestry Department:
(A) Capital Improvements $ 2,464,209
(B) Toledo Facility Replacement
Phase II $ 1,136,227
(j) State Parks and Recreation
Department, Capital
Improvement and Renewal $ 50,750,000
(k) Oregon Department of
Fish and Wildlife,
Capital Improvement
and Renewal $ 5,105,000
(L) Housing and Community
Services Department,
Local Innovation and Fast
Track (LIFT) Housing and
Permanent Supportive
Housing $ 413,490,000
(m) Judicial Department:
(A) Benton County Courthouse $ 20,730,000
(B) Clackamas County
Courthouse $ 95,400,000
(C) Crook County Courthouse $ 11,885,000
(D) Linn County Courthouse $ 16,110,000
(E) Supreme Court Building
Renovation $ 21,950,000
(n) Legislative Administration
Committee, Document
Publishing and Management
System $ 4,310,000
Dedicated Fund Obligations
(7) Department of Veterans’
Affairs (Art. XI-A) $ 180,000,000
(8) Department of Environmental
Quality (Art. XI-H) $ 10,000,000
(9) Housing and Community
Services Department
(Art. XI-I(2)) $ 50,000,000
(10) Higher Education Coordinating
Commission (Art. XI-F(1)):
(a) Oregon Institute of
Technology, New Residence
Hall Facility $ 55,650,000
(b) Oregon State University,
Reser Stadium West
Grandstands $ 40,555,000
(c) Portland State University,
Gateway Center Reuse
and Extension $ 18,300,000
(11) Oregon Department of
Administrative Services
(Art. XI-Q):
(a) Executive Building Interior
and Seismic Renovation $ 45,620,000
(b) Justice Building Exterior
Renovations $ 3,555,000
(c) North Valley Complex
Infrastructure Upgrades/
Tenant Improvements $ 60,820,000
(d) Portland State Office
Building Improvements $ 8,730,000
(e) Revenue Building Electrical
System Upgrades $ 7,120,000
(f) Yellow Parking Lot Paving $ 4,055,000
(g) State Forestry Department:
(A) Capital Improvements $ 2,420,791
(B) Toledo Facility Replacement,
Phase II $ 1,578,773
(h) Oregon Liquor and Cannabis
Commission:
(A) Liquor Warehouse Conveyor
System $ 10,175,000
(B) Liquor Warehouse Land
and Building $ 53,170,000
(C) Liquor Warehouse
Management IT System $ 27,390,000
Total General Obligation
Bonds $ 2,252,290,200
[2021 c.658 §1]
Sec. 5. (1) For purposes of Article XI-F(1), section 1, of the Oregon Constitution, the Legislative Assembly determines that the projects authorized to be financed pursuant to section 1 (10) of this 2021 Act with bonds issued under Article XI-F(1) of the Oregon Constitution will benefit higher education institutions or activities.
(2) For purposes of Article XI-G, section 1, of the Oregon Constitution, the Legislative Assembly determines that the projects authorized to be financed pursuant to section 1 (1) of this 2021 Act with bonds issued under Article XI-G of the Oregon Constitution will benefit higher education institutions or activities or community colleges authorized by law to receive state aid. [2021 c.658 §5]
Sec. 6. Bonds authorized under section 1 (1) of this 2021 Act may not be issued until the constructing authority certifies that the constructing authority has matching funds available for the same or similar purposes as the Article XI-G bonds that will fund the grant to the constructing authority, that the matching funds are not proceeds of indebtedness incurred by the state under any other article of the Oregon Constitution, and that the matching funds are available to the constructing authority in an amount at least equal to the amount of indebtedness incurred by the state through the issuance of the Article XI-G bonds. [2021 c.658 §6]
Sec. 7. (1) Out of the amount specified in section 1 (6)(m)(A) of this 2021 Act, the State Treasurer may issue Article XI-Q bonds in an amount not to exceed $20,383,129 of net proceeds for the purposes and in the manner specified in section 8, chapter 705, Oregon Laws 2013, plus an amount estimated by the State Treasurer to pay estimated bond-related costs.
(2) Out of the amount specified in section 1 (6)(m)(B) of this 2021 Act, the State Treasurer may issue Article XI-Q bonds in an amount not to exceed $94,500,000 of net proceeds for the purposes and in the manner specified in section 8, chapter 705, Oregon Laws 2013, plus an amount estimated by the State Treasurer to pay estimated bond-related costs.
(3) Out of the amount specified in section 1 (6)(m)(C) of this 2021 Act, the State Treasurer may issue Article XI-Q bonds in an amount not to exceed $11,700,000 of net proceeds for the purposes and in the manner specified in section 8, chapter 705, Oregon Laws 2013, plus an amount estimated by the State Treasurer to pay estimated bond-related costs.
(4) Out of the amount specified in section 1 (6)(m)(D) of this 2021 Act, the State Treasurer may issue Article XI-Q bonds in an amount not to exceed $15,900,000 of net proceeds for the purposes and in the manner specified in section 8, chapter 705, Oregon Laws 2013, plus an amount estimated by the State Treasurer to pay estimated bond-related costs.
(5) For purposes of sections 8 and 9, chapter 705, Oregon Laws 2013, and section 64, chapter 723, Oregon Laws 2013, bonds issued pursuant to this section are considered to be bonds issued pursuant to section 8, chapter 705, Oregon Laws 2013.
(6) Bonds may not be issued pursuant to section 1 (6)(m)(A), (B), (C) or (D) of this 2021 Act except as provided in this section. [2021 c.658 §7]
Sec. 9. A community college for which a project to be funded with general obligation bonds authorized to be issued under Article XI-G of the Oregon Constitution is approved in this 2021 Act may not request approval for an additional project to be funded with general obligation bonds authorized to be issued under Article XI-G of the Oregon Constitution until the beginning of the regular session of the Legislative Assembly held in 2025, unless the community college withdraws the project approved under this 2021 Act. [2021 c.658 §9]

Structure 2021 Oregon Revised Statutes