71st OREGON LEGISLATIVE ASSEMBLY--2001 Regular Session
Enrolled
House Bill 2276
Ordered printed by the Speaker pursuant to House Rule 12.00A (5).
Presession filed (at the request of Governor John A. Kitzhaber,
M.D., for Oregon Department of Administrative Services)
CHAPTER ................
AN ACT
Relating to bonds; creating new provisions; amending section 11,
chapter ___, Oregon Laws 2001 (Enrolled Senate Bill 5525); and
declaring an emergency.
Be It Enacted by the People of the State of Oregon:
SECTION 1. { + The amounts allocated, as provided by ORS
286.525 (1), for general obligation bonds, revenue bonds,
certificates of participation and other financing agreements of
this state that may be issued during the 2001-2003 biennium are
as follows: + }
________________________________________________________________
____NOTE_TO_GOPHER_CUSTOMERS:__________________________________
THE FOLLOWING TABULAR TEXT MAY BE IRREGULAR.
FOR COMPLETE INFORMATION PLEASE SEE THE PRINTED MEASURE.
_______________________________________________________________
Category Designation
________________________________________________________________
GENERAL
OBLIGATION
BONDS
Program
General Fund Obligations
Department of Higher
Education (Art. XI-G) 108,835,776
Department of Environmental
Quality (Art. XI-H) 25,000,000
Dedicated Fund Obligations
Department of Veterans'
Affairs (Art. XI-A) 150,000,000
Department of Higher
Education (Art. XI-F(1308,109,808
Housing and Community Services
Department (Art. XI-I(275,000,000
Office of Energy
Enrolled House Bill 2276 (HB 2276-A) Page 1
(Art. XI-J) 100,000,000
________________________________________________________________
Total General Obligation766,945,584
Category Designation
________________________________________________________________
REVENUE BONDS
Program
Direct Revenue Bonds
Housing and Community
Services Department 600,000,000
Department of Transportation,
Oregon Transportation
Infrastructure Fund 50,000,000
Economic and Community
Development Department200,000,000
Oregon Department of Administrative
Services Lottery Reven272,380,000
________________________________________________________________
Total Direct Revenue B1,122,380,000
Category Designation
________________________________________________________________
Pass Through Revenue Bonds Program
Oregon Economic and Community
Development Commission Industrial
Development Bonds 250,000,000
Health, Housing, Educational and
Cultural Facilities Au300,000,000
Housing and Community Services
Department 150,000,000
________________________________________________________________
Total Pass Through Reven700,000,000
Total Revenue Bonds 1,822,380,000
Category Designation
________________________________________________________________
CERTIFICATES OF PARTICIPATION
AND OTHER FINANCING AGREEMENTS
Oregon Department of
Administrative Service319,375,000
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END OF POSSIBLE IRREGULAR TABULAR TEXT
____________________________________________________________
________________________________________________________________
Enrolled House Bill 2276 (HB 2276-A) Page 2
SECTION 2. { + The amounts allocated for private activity
bonds, as provided in ORS 286.615, are as follows: + }
____NOTE_TO_GOPHER_CUSTOMERS:__________________________________
THE FOLLOWING TABULAR TEXT MAY BE IRREGULAR.
FOR COMPLETE INFORMATION PLEASE SEE THE PRINTED MEASURE.
_______________________________________________________________
(1) For calendar year 2002, the amount
of $256,604,925 is allocated as follows:
(a) Oregon Economic and Community
Development Commiss40,000,000
(b) Economic and Community
Development Departme7,000,000
(c) Health, Housing, Educational
and Cultural Facilities
Authority..........10,000,000
(d) Housing and Community
Services Departmen114,000,000
(e) Office of Energy....9,000,000
(f) Private Activity Bond
Committee..........76,604,925
(2) For the calendar year 2003, the amount
of $256,604,925 is allocated as follows:
(a) Oregon Economic and Community
Development Commiss40,000,000
(b) Economic and Community
Development Departme7,000,000
(c) Health, Housing, Educational
and Cultural Facilities
Authority..........11,000,000
(d) Housing and Community
Services Departmen116,000,000
(e) Office of Energy...10,000,000
(f) Private Activity Bond
Committee..........72,604,925
(3) In the event that an increase in the
state's population or a change in federal
law allows the private activity bond
limit as set by the Internal Revenue
Code of 1986, as amended, to exceed
$256,604,925 during the 2002
calendar year or $256,604,925
during the 2003 calendar year,
the increase shall be allocated
to the Private Activity Bond
Committee.
____________________________________________________________
END OF POSSIBLE IRREGULAR TABULAR TEXT
____________________________________________________________
________________________________________________________________
SECTION 3. If Senate Bill 5525 becomes law, section 11, chapter
___, Oregon Laws 2001 (Enrolled Senate Bill 5525), is amended to
read:
{ + Sec. 11. + } (1) There is established in the General Fund
an account to be known as the Oregon State University Engineering
Building Account. Funds in the account shall be used for the
Enrolled House Bill 2276 (HB 2276-A) Page 3
construction of an engineering building at Oregon State
University.
(2) The account shall consist of federal and local government
funds made available to and funds donated to the Oregon
University System for the purpose of the Oregon State University
engineering building project described in subsection (1) of this
section.
(3) Moneys in the account shall be considered to be General
Fund moneys for purposes of section 1 (3), Article XI-G of the
Oregon Constitution, and are continuously appropriated for that
purpose. The account may not be credited with more than
{ - $10,000,000 - } { + $20,000,000 + } in donations and
federal and local government funds for purposes of this
subsection.
SECTION 4. { + This 2001 Act being necessary for the immediate
preservation of the public peace, health and safety, an emergency
is declared to exist, and this 2001 Act takes effect July 1,
2001. + }
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Passed by House July 5, 2001
...........................................................
Chief Clerk of House
...........................................................
Speaker of House
Passed by Senate July 5, 2001
...........................................................
President of Senate
Enrolled House Bill 2276 (HB 2276-A) Page 4
Received by Governor:
......M.,............., 2001
Approved:
......M.,............., 2001
...........................................................
Governor
Filed in Office of Secretary of State:
......M.,............., 2001
...........................................................
Secretary of State
Enrolled House Bill 2276 (HB 2276-A) Page 5