OR Rev Stat § 341.721 (2021)
2021 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 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]