Chapter 764 Oregon Laws 2005

AN ACT

SB 5503

Relating to state financial administration; and declaring an emergency.

Be It Enacted by the People of the State of Oregon:

SECTION 1. In addition to, and not in lieu of, amounts authorized by chapter 681, Oregon Laws 2005 (Enrolled Senate Bill 5632), the following amounts are authorized, as provided by ORS 286.525 (1), for issuance of general obligation bonds, revenue bonds, certificates of participation and other financing agreements of this state during the 2005-2007 biennium:

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Category Designation

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GENERAL

OBLIGATION

BONDS

General Fund Obligations

Department of Higher

Education (Art. XI-G) $ 82,565,329

Department of Community Colleges

and Workforce Development

(Art. XI-G) $ 38,500,000

Dedicated Fund Obligations

Department of Higher

Education (Art. XI-F(1)) $ 382,365,997

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REVENUE BONDS

Direct Revenue Bonds

Oregon Department of Administrative

Services Lottery Revenue Bonds $ 233,325,000

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CERTIFICATES OF PARTICIPATION

AND OTHER FINANCING AGREEMENTS

Oregon Department of

Administrative Services $ 445,890,000

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SECTION 2. This 2005 Act being necessary for the immediate preservation of the public peace, health and safety, an emergency is declared to exist, and this 2005 Act takes effect July 1, 2005.

Approved by the Governor August 23, 2005

Filed in the office of Secretary of State August 23, 2005

Effective date August 23, 2005

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