2017 Oregon Revised Statutes
Volume : 09 - Education and Culture
Chapter 341 - Community Colleges
Section 341.721 - Issuance by State Treasurer.
To provide funds to community college districts for the purposes specified in Article XI-G of the Oregon Constitution, the State Treasurer may issue bonds under ORS 286A.848. [2005 c.787 §20; 2007 c.783 §140; 2013 c.747 §71; 2015 c.366 §27; 2017 c.9 §13]
Note: Sections 14 and 14a, chapter 121, Oregon Laws 2014, provide:
Sec. 14. Lottery bonds to provide funding to Central Oregon Community College for Cascades Hall. (1) For the biennium beginning July 1, 2013, at the request of the Oregon Department of Administrative Services, after the department consults with the Office of Community Colleges and Workforce Development, the State Treasurer is authorized to issue lottery bonds pursuant to ORS 286A.560 to 286A.585 in an amount that does not exceed $1.63 million in net proceeds for the purpose 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 $1.63 million in net proceeds and interest earnings must be deposited to the Cascades Hall Reacquisition Fund established under section 14a of this 2014 Act for the purpose of terminating the leasehold on, and remodeling, Cascades Hall on the campus of the Central Oregon Community College.
(3) The Legislative Assembly finds that the use of lottery bond proceeds will create jobs, further economic development, finance public education or restore and protect parks, beaches, watersheds and native fish and wildlife, and is authorized based on the finding that the proceeds will be used to finance public education. [2014 c.121 §14]
Sec. 14a. Cascades Hall Reacquisition Fund. (1) The Cascades Hall Reacquisition Fund is established in the State Treasury, separate and distinct from the General Fund. Amounts in the Cascades Hall Reacquisition Fund may be invested as provided in ORS 293.701 to 293.857, and interest earned on the fund must be credited to the fund.
(2) Amounts credited to the fund are continuously appropriated to the Higher Education Coordinating Commission for the purpose of terminating the leasehold on, and remodeling, Cascades Hall on the campus of the Central Oregon Community College and for the purpose of paying bond-related costs. The commission shall deposit in the fund:
(a) The net proceeds and interest earnings of lottery bonds issued pursuant to section 14, chapter 121, Oregon Laws 2014;
(b) Amounts appropriated or otherwise provided by the Legislative Assembly for deposit in the fund; and
(c) Gifts, grants or contributions received by the commission for the purpose described in this section.
(3) The commission may create separate accounts in the fund as appropriate for the management of moneys in the fund. [2014 c.121 §14a; 2015 c.366 §56]
Note: Sections 10 and 10a, chapter 812, Oregon Laws 2015, provide:
Sec. 10. Lottery bonds to provide funding to Linn-Benton Community College for expansion of Advanced Transportation Technology Center. (1) For the biennium beginning July 1, 2015, at the request of the Oregon Department of Administrative Services, after the department consults with the Higher Education Coordinating Commission, the State Treasurer is authorized to issue lottery bonds pursuant to ORS 286A.560 to 286A.585 in an amount that produces $1.5 million 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 $1.5 million in net proceeds and interest earnings must be transferred to the Higher Education Coordinating Commission for deposit in the Linn-Benton Community College Alternative Fuels Fund, established under section 10a of this 2015 Act, to provide grant funding to Linn-Benton Community College for expansion of the Advanced Transportation Technology Center.
(3) The Legislative Assembly finds that the use of lottery bond proceeds will create jobs, further economic development, finance public education or restore and protect parks, beaches, watersheds and native fish and wildlife, and is authorized based on the finding that energy conservation, renewable energy and general business development projects create jobs and facilitate and encourage economic development. [2015 c.812 §10]
Sec. 10a. Linn-Benton Community College Alternative Fuels Fund. (1) The Linn-Benton Community College Alternative Fuels Fund is established in the State Treasury, separate and distinct from the General Fund. Interest earned on moneys in the Linn-Benton Community College Alternative Fuels Fund shall be credited to the fund. The Linn-Benton Community College Alternative Fuels Fund consists of moneys deposited in the fund under section 10 of this 2015 Act and may include fees, revenues or other income deposited into the fund by the Legislative Assembly.
(2) Moneys in the fund are continuously appropriated to the Higher Education Coordinating Commission for purposes described in section 10 of this 2015 Act. [2015 c.812 §10a]
Note: Sections 1 and 9, chapter 570, Oregon Laws 2017, provide:
Sec. 1. The amounts authorized, as provided by ORS 286A.035, for issuance of general obligation bonds of the state during the 2017-2019 biennium, notwithstanding section 10, chapter 705, Oregon Laws 2013, are as follows:
GENERAL OBLIGATION BONDS
General Fund Obligations
(1) Higher Education Coordinating
Commission (Art. XI-G):
(a) Oregon Institute of
Technology, Center for
Excellence in Engineering
and Technology/Cornett
Hall Renovation $ 2,050,000
(b) Oregon State University:
(A) Quality Foods and Beverage
Center $ 9,100,000
(B) Gilkey Hall Renovation $ 2,050,000
(c) Portland State University,
Graduate School of
Education Facility $ 36,485,000
(d) University of Oregon,
Campus for Accelerating
Scientific Impact $ 50,620,000
(e) Western Oregon University:
(A) Information Technology
Center Renovation $ 540,000
(B) Oregon Military Building
Renovation $ 540,000
(f) Blue Mountain Community
College, Facility for
Agricultural Resource
Management $ 5,115,000
(g) Chemeketa Community
College, Agricultural
Complex $ 6,125,000
(h) Clackamas Community College:
(A) DeJardin Building Addition $ 8,140,000
(B) Student Services and
Community Commons $ 8,140,000
(i) Clatsop Community College,
Marine Science Center
Renovation and Expansion $ 8,135,000
(j) Columbia Gorge Community
College, Middle College
Prototype Facility $ 7,400,000
(k) Lane Community College,
Health Care Village Facility $ 8,140,000
(L) Linn-Benton Community
College, Student Advising
and Campus Safety Center $ 7,635,000
(m) Mt. Hood Community College,
Maywood Park Center $ 8,140,000
(n) Oregon Coast Community
College, Workforce Education
and Resiliency Center $ 8,140,000
(o) Portland Community College,
Health Technology
Building Renovation $ 8,140,000
(p) Rogue Community College,
Elk Building Science Facility
Renovation and Expansion $ 6,125,000
(q) Southwestern Oregon
Community College,
Dellwood Hall Remodel and
Expansion $ 2,805,000
(r) Treasure Valley Community
College, Workforce
Vocational Center $ 2,865,000
(s) Umpqua Community College,
Industrial Technology
Building $ 8,140,000
(2) Department of Environmental
Quality (Art. XI-H) $ 10,300,000
(3) Oregon Business Development
Department (Art. XI-M) $ 101,180,000
(4) Oregon Business Development
Department (Art. XI-N) $ 20,430,000
(5) Department of Education
(Art. XI-P) $ 100,985,000
(6) Oregon Department of
Administrative
Services (Art. XI-Q):
(a) Department of Corrections:
(A) Capital Improvements and
Renewal $ 26,770,000
(B) Technology Infrastructure $ 12,445,000
(b) Department of Education,
Oregon School for the Deaf
Facility Improvements $ 4,365,000
(c) Department of Human
Services, ONE Integrated
Eligibility and Medicaid
Eligibility System $ 34,045,000
(d) Department of Justice,
Child Support Enforcement
Automated System $ 16,585,000
(e) Department of Revenue,
Core Tax Revenue Systems
Replacement $ 4,855,000
(f) Department of Veterans’
Affairs:
(A) Lebanon Veteran’s Home
Parking Lot $ 1,345,000
(B) The Dalles Veterans’ Home
Capital Improvements $ 1,195,000
(C) Roseburg Veterans’ Home $ 10,720,000
(g) Housing and Community
Services Department, Local
Innovation and Fast Track
Housing Program $ 81,090,000
(h) Higher Education
Coordinating Commission:
(A) Public Universities Capital
Improvement and Renewal $ 50,620,000
(B) Eastern Oregon University,
Loso Hall Renovation $ 5,575,000
(C) Oregon Institute of
Technology:
(i) Center for Excellence in
Engineering and Technology/
Cornett Hall Renovation $ 38,475,000
(ii) Oregon Manufacturing
Innovation Center, Research
and Development Facility $ 3,940,000
(D) Oregon State University:
(i) Cordley Hall Renovation $ 15,250,000
(ii) Fairbanks Hall Renovation $ 11,220,000
(iii) Gilkey Hall Renovation $ 1,045,000
(iv) Cascades Expansion Site
Reclamation $ 9,145,000
(E) Portland State University,
Graduate School of
Education Facility $ 9,145,000
(F) Southern Oregon
University, Central Hall
Capital Improvements $ 6,125,000
(G) Western Oregon University:
(i) Information Technology
Center Renovation $ 5,070,000
(ii) Oregon Military Building
Renovation $ 7,335,000
(i) Legislative Administration
Committee, Capitol
Accessibility, Maintenance,
and Safety $ 13,960,000
(j) Oregon Judicial Department:
(A) Lane County Courthouse $ 5,115,000
(B) Multnomah County
Courthouse $ 102,495,000
(C) Oregon Supreme Court
Building Renovation $ 6,125,000
(k) Oregon Military Department:
(A) Grants Pass Armory
Service Life Extension $ 3,330,000
(B) Regional Armory Emergency
Enhancement Project $ 8,675,000
(C) Regional Training Institute $ 6,630,000
(D) Resiliency Grant Fund $ 5,070,000
(E) Youth Challenge Armory $ 5,095,000
(L) Oregon Youth Authority:
(A) Capital Improvements $ 17,450,000
(B) MacLaren West Cottages
Renovation $ 15,450,000
(C) Rogue Valley Facility
Improvements $ 7,095,000
(m) State Department of Fish
and Wildlife $ 10,215,000
(n) State Forestry Department,
Toledo Facility Replacement $ 774,225
Dedicated Fund Obligations
(7) Department of Veterans’
Affairs (Art. XI-A) $ 120,000,000
(8) Higher Education Coordinating
Commission (Art. XI-F(1)):
(a) Portland State University:
(A) Land Acquisition for
University Center Building $ 15,260,000
(B ) 12th & Market
Residence Hall $ 54,225,000
(C) Graduate School of
Education Facility $ 6,080,000
(D) Corbett Building Purchase $ 5,100,000
(b) Oregon Institute of
Technology, Student
Recreation Center $ 5,115,000
(c) Eastern Oregon University,
Track and Field Facilities
Restoration $ 790,000
(9) Department of Environmental
Quality (Art. XI-H) $ 10,000,000
(10) Housing and Community
Services Department
(Art. XI-I(2)) $ 25,000,000
(11) Oregon Department of
Administrative Services
(Art. XI-Q):
(a) Portland State Office
Building Improvements $ 13,360,000
(b) State Forestry Department,
Toledo Facility Replacement $ 1,075,775
Total General Obligation
Bonds $ 1,257,310,000
[2017 c.570 §1]
Sec. 9. (1) A community college for which one project to be funded with general obligation bonds authorized to be issued under Article XI-G of the Oregon Constitution is approved in this 2017 Act 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 until the beginning of the regular session of the Legislative Assembly held in 2021, unless the community college withdraws the project approved under this 2017 Act.
(2) A community college for which two projects to be funded with general obligation bonds authorized to be issued under Article XI-G of the Oregon Constitution is approved in this 2017 Act 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 until the beginning of the regular session of the Legislative Assembly held in 2025, unless the community college withdraws a project approved under this 2017 Act. [2017 c.570 §9]
