74th OREGON LEGISLATIVE ASSEMBLY--2007 Regular Session
SA to A-Eng. SB 5516
LC 9516/SB 5516-A6
SENATE AMENDMENTS TO
A-ENGROSSED SENATE BILL 5516
By JOINT COMMITTEE ON WAYS AND MEANS
June 24
On page 1 of the printed A-engrossed bill, line 2, delete '
sections 26, 27 and 29' and insert 'ORS 351.532 and sections 2
and 11, chapter 725, Oregon Laws 2003, and sections 2 and 27'.
Delete lines 5 through 19.
On page 2, delete lines 1 through 9.
Delete lines 11 through 45 and delete pages 3 through 18 and
insert:
' { + SECTION 1. + } { + The State Board of Higher Education
shall determine the capital renewal, code compliance and safety
projects to be undertaken with moneys made available under
section 2 (1) of this 2007 Act on the basis of the board's
determination of the most critical deferred maintenance needs. In
determining the deferred maintenance needs, the board shall give
priority to projects that protect the health and safety of
occupants and maintain the structural integrity of
facilities. + }
' { + SECTION 2. + } { + Notwithstanding any other law
limiting expenditures, the following amounts are established for
a six-year period beginning July 1, 2007, as the maximum limit
for payment of expenses under this section from bond proceeds and
other revenues, including federal funds, collected or received by
the Department of Higher Education, for the acquisition of land,
improvements to land and the acquisition, planning, constructing,
altering, repairing, furnishing and equipping of buildings,
facilities and other projects within the Department of Higher
Education: + }
]
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____NOTE_TO_WEB_CUSTOMERS:__________________________________
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Other
Revenues
ArticleArticle (including
XI-G XI-F(1) Lottery Energy Federal
Bonds Bonds Bonds Loans COPs Funds)
____NOTE_TO_WEB_CUSTOMERS:__________________________________
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(1) Department of Higher
Education
Capital renewal, code
compliance and safe20,000,050,000,000 -- -13,100,000
(2) Western Oregon University
(a) New student resi11,250,000 -- -- -- --
(b) Business, Math and Computer
Science Faci2,500,000ect -- -- -- -- 500,000
(c) Humanities and Social
Science Deferred Maintenance/
Seismic Tier I984,500 -- --1,074,000 --1,080,000
(3) Eastern Oregon University
Inlow Hall Deferred
Maintenance/Seismic
Tier I 1,312,000 -- --3,618,000 -- --
(4) Oregon State University
(a) National Wave Energy
Research Cen1,500,000 -- -- -- --3,000,000
(b) Goss Stadium exp--sion -- -- -- --4,500,000
(c) Apperson Hall -- -- -- -- --4,000,000
(d) OSU Dining Center
Renovation: Arnold
Catering -3,500,000 -- -- -- --
(e) Cross Country Tr-3,000,000 -- -- -- --
(f) Athletics/Academic
Center -- 1 -- -- -- --
(g) Boathouse remode-3,000,000 -- -- -- --
(h) Gill Coliseum re20,000,000 -- -- -- --
(i) Mouse Model Organism
Facility -- -- -- -- --1,500,000
(j) Intramural Field
Synthetic Turf Proj--t -- -- -- --3,250,000
(k) Pauling Research and
Education B31,256,035 -- -- -- -31,256,035
(L) Nash Hall Deferred
Maintenance/Seismic
Tier II 3,776,000 -- --6,824,000 --1,198,000
(m) Building rewirin-- -- -- 5,000,000 --
(5) Portland State University
(a) Parking expansion
(block 189 developm12,000,000 -- -- -- --
(b) Student housing and
land acquisition -- 1 -- -- -- --
(c) Peter Stott Center
gym expansion -8,500,000 -- -- -- --
(d) Retail developme-- 1 -- -- -- --
(e) Walk of the Heroines
Project -- -- -- -- --1,800,000
(f) PCAT Redevelopment
Project 10,000,042,000,000 -- -- -19,000,000
(g) Campus fiber expansion
and telecom facilit--upgrad-- -- 1,000,000 --
(h) Science Research and Teaching
Center/Hazardous Waste
Facility 9,500,000 -- -- -- --9,500,000
(i) Lincoln Hall Deferred
Maintenance/Seismic
Tier I 8,616,000 -- -11,986,000 -- --
(j) Science Building II
Deferred Maintenance/
Seismic Tier7,658,500 -- -10,992,000 -- --
(6) University of Oregon
(a) Riverfront Research
Park Multitenant
Building 19,250,000 -- -- -- --
(b) Riverfront Research
Park building purch14,373,000 -- -- -- --
(c) New student hous--g 1 -- -- -- --
(d) Food service upg-1,000,000 -- -- -- --
(e) Gilbert/Peterson Hall
phase 3 -- -- -- -- --6,000,000
(f) Oregon State Museum
of Anthropology -- -- -- -- --3,500,000
(g) Integrative Science
Complex, Ph30,000,000 -- -- -- -35,000,000
(h) Fenton Hall Deferred
Maintenance/Seismic
Tier I 2,480,500 -- --3,111,000 -- --
(i) Classroom and laboratory
upgrades -- -- -- 5,000,000 --
(j) Hayward F2,500,000 -- -- -- --2,500,000
(7) Oregon Institute of
Technology
Center for Health
Professions 5,500,000 -- -- -- -14,500,000
(8) Project Reserves-1,810,397 -- -- --1,969,007
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]
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' { + SECTION 3. + } { + Notwithstanding any other law
limiting expenditures, the following amounts are established for
a six-year period beginning July 1, 2007, as the maximum limit
for payment of expenses under this section from bond proceeds and
other revenues, including federal funds, collected or received by
the Department of Community Colleges and Workforce Development,
for the acquisition of and improvements to land and the
acquisition, planning, constructing, altering, repairing,
furnishing and equipping of buildings and facilities at community
colleges: + }
]
________________________________________________________________
____NOTE_TO_WEB_CUSTOMERS:__________________________________
THE FOLLOWING TABULAR TEXT MAY BE IRREGULAR.
FOR COMPLETE INFORMATION PLEASE SEE THE PRINTED MEASURE.
_______________________________________________________________
Other
Revenues
Article (including
XI-G Federal
Bonds Funds)
____NOTE_TO_WEB_CUSTOMERS:__________________________________
THE FOLLOWING TABULAR TEXT MAY BE IRREGULAR.
FOR COMPLETE INFORMATION PLEASE SEE THE PRINTED MEASURE.
_______________________________________________________________
(1)Central Oregon Community College
-Science and Allied Health
Instructional Building 5,778,000 5,778,000
(2)Chemeketa Community College
-Classroom and Health Scie5,625,000 5,625,000
(3)Clackamas Community College
-Allied Healthcare Center 5,156,250e5,156,250
(4)Lane Community College
-Health and Wellness Build6,750,000 6,750,000
(5)Linn-Benton Community College
-Science Center Expansion 3,731,250a3,731,250
(6)Mt. Hood Community College
-Child Development Center 2,500,000 2,500,000
(7)Oregon Coast Community College
-Expansion - Aquarium South
County and Central Campus 3,000,000h3,000,000
(8)Portland Community College
-Educational Center 7,500,000 7,500,000
____________________________________________________________
END OF POSSIBLE IRREGULAR TABULAR TEXT
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]
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' { + SECTION 4. + } { + Notwithstanding any other provision
of this 2007 Act, the bond proceeds and other revenues, including
federal funds, the expenditures from which are limited by section
2 of this 2007 Act, are not available for expenditure before the
effective date of this 2007 Act. However, any action taken by the
State Board of Higher Education prior to the effective date of
this 2007 Act or any contract entered into by the board prior to
the effective date of this 2007 Act necessary for the acquisition
of and improvements to land and the acquisition, planning,
constructing, altering, repairing, furnishing and equipping of
buildings and facilities authorized by this 2007 Act is hereby
authorized. + }
' { + SECTION 5. + } { + (1) The project approvals and
expenditure limitations in this 2007 Act, and the expenditure
limitations established by the Emergency Board during the
biennium beginning July 1, 2007, for capital construction or
acquisition projects of the Department of Higher Education and of
the Department of Community Colleges and Workforce Development
for community colleges, expire on June 30, 2013, unless otherwise
noted or unless changed by the Legislative Assembly.
' (2) The project approvals and expenditure limitations
established by section 2 (3)(h), (4)(f) and (5)(g), chapter 845,
Oregon Laws 2001, for capital construction or acquisition
projects of the Department of Higher Education expire on June 30,
2009, unless otherwise changed by Legislative Assembly.
' (3)(a) The project approvals and expenditure limitations
established by section 2 (5)(f) of this 2007 Act are in lieu of
the project approvals and expenditure limitations adopted by the
Emergency Board during the 2005-2007 biennium for the Department
of Higher Education for the Portland State University PCAT
Redevelopment Project.
' (b) Any action taken by the State Board of Higher Education
prior to the effective date of this 2007 Act or any contract
entered into by the board prior to the effective date of this
2007 Act necessary for the acquisition of and improvements to
land and the acquisition, planning, constructing, altering,
repairing, furnishing and equipping of buildings and facilities
for the PCAT Redevelopment Project that was within the project
approvals and expenditures limit authorized by the Emergency
Board during the 2005-2007 biennium is hereby authorized. + }
' { + SECTION 6. + } { + (1) Pursuant to Article XI-G of the
Oregon Constitution and ORS 286.031 to 286.061 and 351.345, the
State Board of Higher Education may sell, with the approval of
the State Treasurer, general obligation bonds of the State of
Oregon of the kind and character and within the limits prescribed
by Article XI-G of the Oregon Constitution, as the board
determines, but in no event may the board sell more than the
aggregate principal sum of $131,604,535 par value for the
biennium beginning July 1, 2007. The moneys realized from the
sale of the bonds shall be appropriated and may be expended for
the purposes set forth in section 2 (3)(h), chapter 845, Oregon
Laws 2001, and in section 2 (6)(h) and (7)(e), chapter 787,
Oregon Laws 2005, and section 2 (2)(b) and (c), (3), (4)(a), (k)
and (L), (5)(f), (h), (i) and (j), (6)(g), (h) and (j) and (7) of
this 2007 Act and for payment for capitalized interest and costs
incidental to issuance of the bonds.
' (2) In compliance with the requirements of Article XI-G of
the Oregon Constitution, funds available under the expenditure
limitation for bonds issued pursuant to Article XI-G of the
Oregon Constitution in section 2 (2)(b) of this 2007 Act are
matched with the General Fund appropriations made under sections
10 (7) and 11 of this 2007 Act.
' (3) In compliance with the requirements of Article XI-G of
the Oregon Constitution, funds available under the expenditure
limitation for bonds issued pursuant to Article XI-G of the
Oregon Constitution in section 2 (2)(c) of this 2007 Act are
matched with the General Fund appropriation made under section 10
(8) of this 2007 Act.
' (4) In compliance with the requirements of Article XI-G of
the Oregon Constitution, funds available under the expenditure
limitation for bonds issued pursuant to Article XI-G of the
Oregon Constitution in section 2 (3) of this 2007 Act are matched
with the General Fund appropriation made under section 10 (1) of
this 2007 Act.
' (5) In compliance with the requirements of Article XI-G of
the Oregon Constitution, funds available under the expenditure
limitation for bonds issued pursuant to Article XI-G of the
Oregon Constitution in section 2 (4)(a) of this 2007 Act are
matched with the General Fund appropriation made under section 10
(3) of this 2007 Act.
' (6) In compliance with the requirements of Article XI-G of
the Oregon Constitution, funds available under the expenditure
limitation for bonds issued pursuant to Article XI-G of the
Oregon Constitution in section 2 (4)(k) of this 2007 Act are
matched with the General Fund appropriation made under section 12
of this 2007 Act.
' (7) In compliance with the requirements of Article XI-G of
the Oregon Constitution, funds available under the expenditure
limitation for bonds issued pursuant to Article XI-G of the
Oregon Constitution in section 2 (4)(L) of this 2007 Act are
matched with the General Fund appropriation made under section 10
(2) of this 2007 Act.
' (8) In compliance with the requirements of Article XI-G of
the Oregon Constitution, funds available under the expenditure
limitation for bonds issued pursuant to Article XI-G of the
Oregon Constitution in section 2 (5)(f) of this 2007 Act are
matched with the General Fund appropriation made under section 17
of this 2007 Act.
' (9) In compliance with the requirements of Article XI-G of
the Oregon Constitution, funds available under the expenditure
limitation for bonds issued pursuant to Article XI-G of the
Oregon Constitution in section 2 (5)(h) of this 2007 Act are
matched with the General Fund appropriation made under section 13
of this 2007 Act.
' (10) In compliance with the requirements of Article XI-G of
the Oregon Constitution, funds available under the expenditure
limitation for bonds issued pursuant to Article XI-G of the
Oregon Constitution in section 2 (5)(i) of this 2007 Act are
matched with the General Fund appropriation made under section 10
(4) of this 2007 Act.
' (11) In compliance with the requirements of Article XI-G of
the Oregon Constitution, funds available under the expenditure
limitation for bonds issued pursuant to Article XI-G of the
Oregon Constitution in section 2 (5)(j) of this 2007 Act are
matched with the General Fund appropriation made under section 10
(5) of this 2007 Act.
' (12) In compliance with the requirements of Article XI-G of
the Oregon Constitution, funds available under the expenditure
limitation for bonds issued pursuant to Article XI-G of the
Oregon Constitution in section 2 (6)(g) of this 2007 Act are
matched with the General Fund appropriation made under section 14
of this 2007 Act.
' (13) In compliance with the requirements of Article XI-G of
the Oregon Constitution, funds available under the expenditure
limitation for bonds issued pursuant to Article XI-G of the
Oregon Constitution in section 2 (6)(h) of this 2007 Act are
matched with the General Fund appropriation made under section 10
(6) of this 2007 Act.
' (14) In compliance with the requirements of Article XI-G of
the Oregon Constitution, funds available under the expenditure
limitation for bonds issued pursuant to Article XI-G of the
Oregon Constitution in section 2 (6)(j) of this 2007 Act are
matched with the General Fund appropriation made under section 15
of this 2007 Act.
' (15) In compliance with the requirements of Article XI-G of
the Oregon Constitution, funds available under the expenditure
limitation for bonds issued pursuant to Article XI-G of the
Oregon Constitution in section 2 (7) of this 2007 Act are matched
with the General Fund appropriation made under section 16 of this
2007 Act. + }
' { + SECTION 7. + } { + Notwithstanding the expenditure
limitations established under sections 2 and 8 of this 2007 Act,
the State Board of Higher Education may increase any limit for
expenditures from other revenues, including federal funds,
prescribed by sections 2 and 8 of this 2007 Act for a specific
project, if the expenditure limitation for bonds issued pursuant
to Article XI-F(1) or XI-G of the Oregon Constitution for the
project is reduced by the board in the same amount. + }
' { + SECTION 8. + } { + (1) Notwithstanding the expenditure
limitations established under section 2 of this 2007 Act, and
subject to subsection (3) of this section, the State Board of
Higher Education may expend amounts that exceed the expenditure
limitations established under section 2 (2) to (7) of this 2007
Act for bonds issued pursuant to Article XI-F(1) of the Oregon
Constitution by the following percentage amounts:
' (a) For a project with a combined approved General Fund
appropriation and total expenditure limitation of $500,000 to
$999,999 under section 2 of this 2007 Act, up to 12 percent of
the expenditure limitation for bonds issued pursuant to Article
XI-F(1) of the Oregon Constitution.
' (b) For a project with a combined approved General Fund
appropriation and total expenditure limitation of $1,000,000 to
$4,999,999 under section 2 of this 2007 Act, up to eight percent
of the expenditure limitation for bonds issued pursuant to
Article XI-F(1) of the Oregon Constitution.
' (c) For a project with a combined approved General Fund
appropriation and total expenditure limitation of $5,000,000 to
$9,999,999 under section 2 of this 2007 Act, up to five percent
of the expenditure limitation for bonds issued pursuant to
Article XI-F(1) of the Oregon Constitution.
' (d) For a project with a combined approved General Fund
appropriation and total expenditure limitation of $10,000,000 or
more under section 2 of this 2007 Act, up to three percent of the
expenditure limitation for bonds issued pursuant to Article
XI-F(1) of the Oregon Constitution.
' (2) Notwithstanding the expenditure limitations established
under section 2 of this 2007 Act, and subject to subsection (3)
of this section, the State Board of Higher Education may expend
amounts that exceed the expenditure limitations established under
section 2 (2) to (7) of this 2007 Act for other revenues,
including federal funds, by the following percentage amounts:
' (a) For a project with a combined approved General Fund
appropriation and total expenditure limitation of $500,000 to
$999,999 under section 2 of this 2007 Act, up to 12 percent of
the expenditure limitation for other revenues, including federal
funds.
' (b) For a project with a combined approved General Fund
appropriation and total expenditure limitation of $1,000,000 to
$4,999,999 under section 2 of this 2007 Act, up to eight percent
of the expenditure limitation for other revenues, including
federal funds.
' (c) For a project with a combined approved General Fund
appropriation and total expenditure limitation of $5,000,000 to
$9,999,999 under section 2 of this 2007 Act, up to five percent
of the expenditure limitation for other revenues, including
federal funds.
' (d) For a project with a combined approved General Fund
appropriation and total expenditure limitation of $10,000,000 or
more under section 2 of this 2007 Act, up to three percent of the
expenditure limitation for other revenues, including federal
funds.
' (3) The total amount by which the expenditure limitations
established under section 2 of this 2007 Act are exceeded under
subsections (1) and (2) of this section may not be greater than
the sum of the amounts established under section 2 (8) of this
2007 Act. + }
' { + SECTION 9. + } { + Notwithstanding ORS 351.345 and
section 2 of this 2007 Act, the State Board of Higher Education
may issue bonds for a project listed in section 2 (2)(b), (4)(k),
(5)(f) and (h), (6)(g) and (j) and (7) of this 2007 Act:
' (1) If the total amount from other revenues, including
federal funds, identified for the project in the expenditure
limitation in section 2 of this 2007 Act has been received by the
state board; or
' (2) After reporting to the Emergency Board or the Joint
Committee on Ways and Means, if the total amount from other
revenues, including federal funds, identified for the project in
the expenditure limitation in section 2 of this 2007 Act has not
been received by the state board. + }
' { + SECTION 10. + } { + There is appropriated to the
Department of Higher Education, for the biennium beginning July
1, 2007, out of the General Fund, the following amounts for the
following purposes: + }
____NOTE_TO_WEB_CUSTOMERS:__________________________________
THE FOLLOWING TABULAR TEXT MAY BE IRREGULAR.
FOR COMPLETE INFORMATION PLEASE SEE THE PRINTED MEASURE.
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{ +
(1Eastern Oregon University
Inlow Hall..........1,312,000
(2) Oregon State University
Nash Hall...........3,776,000
(3) Oregon State University
National Wave Energy Research
Center..............1,500,000
(4) Portland State University
Lincoln Hall........8,616,000
(5) Portland State University
Science Building II.7,658,500
(6) University of Oregon
Fenton Hall.........2,480,500
(7) Western Oregon
University Business,
Math and Computer Science
Facility............2,000,000
(8) Western Oregon University
Humanities and Soc984,500e+c}
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END OF POSSIBLE IRREGULAR TABULAR TEXT
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' { + SECTION 11. + } { + (1) There is established in the
General Fund an account to be known as the Western Oregon
University Business, Math and Computer Science Facility Project
Account. Funds in the account shall be used for the construction,
remodeling, expansion and renovation of facilities for a facility
project at Western Oregon University.
' (2) The account shall consist of proceeds from lottery bonds,
grant funds, gift funds, federal and local government funds made
available to and funds donated to the Department of Higher
Education for the purpose of the facility project described in
subsection (1) of this section. Interest earned on moneys in the
account shall be credited to the account. The account may not be
credited with more than $500,000 for purposes of this subsection.
' (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, are continuously appropriated to the
Department of Higher Education and may be transferred to the
Department of Higher Education Capital Construction Fund for the
facility project described in subsection (1) of this section. + }
' { + SECTION 12. + } { + (1) There is established in the
General Fund an account to be known as the Oregon State
University Pauling Research and Education Building Account. Funds
in the account shall be used for the construction, remodeling,
expansion and renovation of facilities for the Pauling Research
and Education Building at the Oregon State University.
' (2) The account shall consist of grant funds, gift funds,
federal and local government funds made available to and funds
donated to the Department of Higher Education for the purpose of
the Pauling Research and Education Building project described in
subsection (1) of this section. Interest earned on moneys in the
account shall be credited to the account. The account may not be
credited with more than $31,256,035 for purposes of this
subsection.
' (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, are continuously appropriated to the
Department of Higher Education and may be transferred to the
Department of Higher Education Capital Construction Fund for the
Pauling Research and Education Building project described in
subsection (1) of this section. + }
' { + SECTION 13. + } { + (1) There is established in the
General Fund an account to be known as the Portland State
University Science Research and Teaching Center and Hazardous
Waste Facility Account. Funds in the account shall be used for
the construction, remodeling, expansion and renovation of
facilities for a Science Research and Teaching Center and
Hazardous Waste Facility at Portland State University.
' (2) The account shall consist of grant funds, gift funds,
proceeds of legal settlements, federal and local government funds
made available to and funds donated to the Department of Higher
Education for the purpose of the center and facility project
described in subsection (1) of this section. Interest earned on
moneys in the account shall be credited to the account. The
account may not be credited with more than $9,500,000 for
purposes of this subsection.
' (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, are continuously appropriated to the
Department of Higher Education and may be transferred to the
Department of Higher Education Capital Construction Fund for the
center and facility project described in subsection (1) of this
section. + }
' { + SECTION 14. + } { + (1) There is established in the
General Fund an account to be known as the University of Oregon
Integrative Science Complex, Phase 2 Account. Funds in the
account shall be used for the construction, remodeling, expansion
and renovation of facilities for an Interactive Science Complex,
Phase 2 at the University of Oregon.
' (2) The account shall consist of grant funds, gift funds,
federal and local government funds made available to and funds
donated to the Department of Higher Education for the purpose of
the Interactive Science Complex, Phase 2 project described in
subsection (1) of this section. Interest earned on moneys in the
account shall be credited to the account. The account may not be
credited with more than $30,000,000 for purposes of this
subsection.
' (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, are continuously appropriated to the
Department of Higher Education and may be transferred to the
Department of Higher Education Capital Construction Fund for the
Interactive Science Complex, Phase 2 project described in
subsection (1) of this section. + }
' { + SECTION 15. + } { + (1) There is established in the
General Fund an account to be known as the University of Oregon
Hayward Field Account. Funds in the account shall be used for the
construction, remodeling, expansion and renovation of Hayward
Field at the University of Oregon.
' (2) The account shall consist of funds received from
not-for-profit organizations, grant funds, gift funds, federal
and local government funds made available to and funds donated to
the Department of Higher Education for the purpose of the Hayward
Field project described in subsection (1) of this section.
Interest earned on moneys in the account shall be credited to the
account. The account may not be credited with more than
$2,500,000 for purposes of this subsection.
' (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, are continuously appropriated to the
Department of Higher Education and may be transferred to the
Department of Higher Education Capital Construction Fund for the
Hayward Field project described in subsection (1) of this
section. + }
' { + SECTION 16. + } { + (1) There is established in the
General Fund an account to be known as the Oregon Institute of
Technology Center for Health Professions Account. Funds in the
account shall be used for the construction, remodeling, expansion
and renovation of facilities for a Center for Health Professions
project for the Oregon Institute of Technology.
' (2) The account shall consist of grant funds, gift funds,
federal and local government funds made available to and funds
donated to the Department of Higher Education for the purpose of
the Center for Health Professions project described in subsection
(1) of this section. Interest earned on moneys in the account
shall be credited to the account. The account may not be credited
with more than $5,500,000 for purposes of this subsection.
' (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, are continuously appropriated to the
Department of Higher Education and may be transferred to the
Department of Higher Education Capital Construction Fund for the
Center for Health Professions project described in subsection (1)
of this section. + }
' { + SECTION 17. + } { + (1) There is established in the
General Fund an account to be known as the Portland State
University Science PCAT Redevelopment Account. Funds in the
account shall be used for the construction, remodeling, expansion
and renovation of facilities on the current site of the Portland
Center for Advanced Technology at Portland State University.
' (2) The account shall consist of grant funds, gift funds,
proceeds of legal settlements, federal and local government funds
made available to and funds donated to the Department of Higher
Education for the purpose of the project described in subsection
(1) of this section. Interest earned on moneys in the account
shall be credited to the account. The account may not be credited
with more than $10,000,000 for purposes of this subsection.
' (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, are continuously appropriated to the
Department of Higher Education and may be transferred to the
Department of Higher Education Capital Construction Fund for the
project described in subsection (1) of this section. + }
' { + SECTION 18. + } { + (1) Pursuant to Article XI-G of
the Oregon Constitution and ORS 286.031 to 286.061 and 341.721,
the State Treasurer may sell, at the request of the State Board
of Education, general obligation bonds of the State of Oregon of
the kind and character and within the limits prescribed by
Article XI-G of the Oregon Constitution, as the treasurer
determines, but in no event may the treasurer sell more than the
aggregate principal sum of $52,640,500 par value for the biennium
beginning July 1, 2007. The moneys realized from the sale of the
bonds shall be appropriated and may be expended for the purposes
set forth in section 3 of this 2007 Act and sections 3 (5) and
(6), chapter 787, Oregon Laws 2005, for payment for capitalized
interest and costs incidental to issuance of the bonds.
' (2) In compliance with the requirements of Article XI-G of
the Oregon Constitution, funds available under the expenditure
limitation for bonds issued pursuant to Article XI-G of the
Oregon Constitution in section 3 (1) of this 2007 Act are matched
with the General Fund appropriation made under section 20 of this
2007 Act.
' (3) In compliance with the requirements of Article XI-G of
the Oregon Constitution, funds available under the expenditure
limitation for bonds issued pursuant to Article XI-G of the
Oregon Constitution in section 3 (2) of this 2007 Act are matched
with the General Fund appropriation made under section 21 of this
2007 Act.
' (4) In compliance with the requirements of Article XI-G of
the Oregon Constitution, funds available under the expenditure
limitation for bonds issued pursuant to Article XI-G of the
Oregon Constitution in section 3 (3) of this 2007 Act are matched
with the General Fund appropriation made under section 22 of this
2007 Act.
' (5) In compliance with the requirements of Article XI-G of
the Oregon Constitution, funds available under the expenditure
limitation for bonds issued pursuant to Article XI-G of the
Oregon Constitution in section 3 (4) of this 2007 Act are matched
with the General Fund appropriation made under section 23 of this
2007 Act.
' (6) In compliance with the requirements of Article XI-G of
the Oregon Constitution, funds available under the expenditure
limitation for bonds issued pursuant to Article XI-G of the
Oregon Constitution in section 3 (5) of this 2007 Act are matched
with the General Fund appropriation made under section 24 of this
2007 Act.
' (7) In compliance with the requirements of Article XI-G of
the Oregon Constitution, funds available under the expenditure
limitation for bonds issued pursuant to Article XI-G of the
Oregon Constitution in section 3 (6) of this 2007 Act are matched
with the General Fund appropriation made under section 25 of this
2007 Act.
' (8) In compliance with the requirements of Article XI-G of
the Oregon Constitution, funds available under the expenditure
limitation for bonds issued pursuant to Article XI-G of the
Oregon Constitution in section 3 (7) of this 2007 Act are matched
with the General Fund appropriation made under section 27,
chapter 787, Oregon Laws 2005.
' (9) In compliance with the requirements of Article XI-G of
the Oregon Constitution, funds available under the expenditure
limitation for bonds issued pursuant to Article XI-G of the
Oregon Constitution in section 3 (8) of this 2007 Act are matched
with the General Fund appropriation made under section 27 of this
2007 Act. + }
' { + SECTION 19. + } { + Notwithstanding section 3 of this
2007 Act, at the request of the State Board of Education, the
State Treasurer may issue bonds for a project listed in section 3
of this 2007 Act:
' (1) If the total amount from other revenues, including
federal funds, identified for the project in the expenditure
limitation in section 3 of this 2007 Act has been received by the
Department of Community Colleges and Workforce Development; or
' (2) After the department reports to the Emergency Board or
the Joint Committee on Ways and Means, if the total amount from
other revenues, including federal funds, identified for the
project in the expenditure limitation in section 3 of this 2007
Act has not been received by the department. + }
' { + SECTION 20. + } { + (1) There is established in the
General Fund an account to be known as the Central Oregon
Community College Facilities Account. Moneys in the account shall
be used to construct, improve, repair, equip and furnish
facilities and purchase land for facilities for the Central
Oregon Community College District.
' (2) The account may consist of the following moneys that have
been deposited in the account by the Department of Community
Colleges and Workforce Development at the request of the Central
Oregon Community College District for the purposes listed in
subsection (1) of this section:
' (a) Moneys from federal and local governments;
' (b) Donations;
' (c) Community College Support Fund moneys transferred to the
account by the department at the request of the community college
district;
' (d) Building reserve funds of the community college district
transferred to the department from the community college
district; and
' (e) Proceeds from the sale of bonds issued by the community
college district.
' (3) Interest earned on moneys in the account shall be
credited to the account.
' (4) The account may not be credited with more than $5,778,000
in donations, Community College Support Fund moneys, proceeds
from the sale of bonds, building reserve funds, federal and local
government funds and interest.
' (5) 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, are continuously appropriated to the
department and may be transferred to the Community College
Capital Construction Fund for the purpose of making distributions
to the Central Oregon Community College District for the purposes
listed in subsection (1) of this section. + }
' { + SECTION 21. + } { + (1) There is established in the
General Fund an account to be known as the Chemeketa Community
College Facility Account. Moneys in the account shall be used to
construct, improve, repair, equip and furnish facilities and
purchase land for facilities for the Chemeketa Community College
District.
' (2) The account may consist of the following moneys that have
been deposited in the account by the Department of Community
Colleges and Workforce Development at the request of the
Chemeketa Community College District for the purposes listed in
subsection (1) of this section:
' (a) Moneys from federal and local governments;
' (b) Donations;
' (c) Community College Support Fund moneys transferred to the
account by the department at the request of the community college
district;
' (d) Building reserve funds of the community college district
transferred to the department from the community college
district; and
' (e) Proceeds from the sale of bonds issued by the community
college district.
' (3) Interest earned on moneys in the account shall be
credited to the account.
' (4) The account may not be credited with more than $5,625,000
in donations, Community College Support Fund moneys, proceeds
from the sale of bonds, building reserve funds, federal and local
government funds and interest.
' (5) 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, are continuously appropriated to the
department and may be transferred to the Community College
Capital Construction Fund for the purpose of making distributions
to the Chemeketa Community College District for the purposes
listed in subsection (1) of this section. + }
' { + SECTION 22. + } { + (1) There is established in the
General Fund an account to be known as the Clackamas Community
College Facilities Account. Moneys in the account shall be used
to construct, improve, repair, equip and furnish facilities and
purchase land for facilities for the Clackamas Community College
District.
' (2) The account may consist of the following moneys that have
been deposited in the account by the Department of Community
Colleges and Workforce Development at the request of the
Clackamas Community College District for the purposes listed in
subsection (1) of this section:
' (a) Moneys from federal and local governments;
' (b) Donations;
' (c) Community College Support Fund moneys transferred to the
account by the department at the request of the community college
district;
' (d) Building reserve funds of the community college district
transferred to the department from the community college
district; and
' (e) Proceeds from the sale of bonds issued by the community
college district.
' (3) Interest earned on moneys in the account shall be
credited to the account.
' (4) The account may not be credited with more than $5,156,250
in donations, Community College Support Fund moneys, proceeds
from the sale of bonds, building reserve funds, federal and local
government funds and interest.
' (5) 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, are continuously appropriated to the
department and may be transferred to the Community College
Capital Construction Fund for the purpose of making distributions
to the Clackamas Community College District for the purposes
listed in subsection (1) of this section. + }
' { + SECTION 23. + } { + (1) There is established in the
General Fund an account to be known as the Lane Community College
Facilities Account. Moneys in the account shall be used to
construct, improve, repair, equip and furnish facilities and
purchase land for facilities for the Lane Community College
District.
' (2) The account may consist of the following moneys that have
been deposited in the account by the Department of Community
Colleges and Workforce Development at the request of the Lane
Community College District for the purposes listed in subsection
(1) of this section:
' (a) Moneys from federal and local governments;
' (b) Donations;
' (c) Community College Support Fund moneys transferred to the
account by the department at the request of the community college
district;
' (d) Building reserve funds of the community college district
transferred to the department from the community college
district; and
' (e) Proceeds from the sale of bonds issued by the community
college district.
' (3) Interest earned on moneys in the account shall be
credited to the account.
' (4) The account may not be credited with more than $6,750,000
in donations, Community College Support Fund moneys, proceeds
from the sale of bonds, building reserve funds, federal and local
government funds and interest.
' (5) 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, are continuously appropriated to the
department and may be transferred to the Community College
Capital Construction Fund for the purpose of making distributions
to the Lane Community College District for the purposes listed in
subsection (1) of this section. + }
' { + SECTION 24. + } { + (1) There is established in the
General Fund an account to be known as the Linn-Benton Community
College Facilities Account. Moneys in the account shall be used
to construct, improve, repair, equip and furnish facilities and
purchase land for facilities for the Linn-Benton Community
College District.
' (2) The account may consist of the following moneys that have
been deposited in the account by the Department of Community
Colleges and Workforce Development at the request of the
Linn-Benton Community College District for the purposes listed in
subsection (1) of this section:
' (a) Moneys from federal and local governments;
' (b) Donations;
' (c) Community College Support Fund moneys transferred to the
account by the department at the request of the community college
district;
' (d) Building reserve funds of the community college district
transferred to the department from the community college
district; and
' (e) Proceeds from the sale of bonds issued by the community
college district.
' (3) Interest earned on moneys in the account shall be
credited to the account.
' (4) The account may not be credited with more than $3,731,250
in donations, Community College Support Fund moneys, proceeds
from the sale of bonds, building reserve funds, federal and local
government funds and interest.
' (5) 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, are continuously appropriated to the
department and may be transferred to the Community College
Capital Construction Fund for the purpose of making distributions
to the Linn-Benton Community College District for the purposes
listed in subsection (1) of this section. + }
' { + SECTION 25. + } { + (1) There is established in the
General Fund an account to be known as the Mt. Hood Community
College Facilities Account. Moneys in the account shall be used
to construct, improve, repair, equip and furnish facilities and
purchase land for facilities for the Mt. Hood Community College
District.
' (2) The account may consist of the following moneys that have
been deposited in the account by the Department of Community
Colleges and Workforce Development at the request of the Mt. Hood
Community College District for the purposes listed in subsection
(1) of this section:
' (a) Moneys from federal and local governments;
' (b) Donations;
' (c) Community College Support Fund moneys transferred to the
account by the department at the request of the community college
district;
' (d) Building reserve funds of the community college district
transferred to the department from the community college
district; and
' (e) Proceeds from the sale of bonds issued by the community
college district.
' (3) Interest earned on moneys in the account shall be
credited to the account.
' (4) The account may not be credited with more than $2,500,000
in donations, Community College Support Fund moneys, proceeds
from the sale of bonds, building reserve funds, federal and local
government funds and interest.
' (5) 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, are continuously appropriated to the
department and may be transferred to the Community College
Capital Construction Fund for the purpose of making distributions
to the Linn-Benton Community College District for the purposes
listed in subsection (1) of this section. + }
' { + SECTION 26. + } Section 27, chapter 787, Oregon Laws
2005, is amended to read:
' { + Sec. 27. + } (1) There is established in the General
Fund an account to be known as the Oregon Coast Community College
Facilities Account. Moneys in the account shall be used to
construct, improve, repair, equip and furnish { - new
facilities in Lincoln City, South Beach and Waldport - } { +
facilities and purchase land for facilities for the Oregon Coast
Community College District + }.
' (2) The account may consist of the following moneys that have
been deposited in the account by the Department of Community
Colleges and Workforce Development at the request of the Oregon
Coast Community College District for the purposes listed in
subsection (1) of this section:
' (a) Moneys from federal and local governments;
' (b) Donations;
' (c) Community College Support Fund moneys transferred to the
account by the department at the request of the community college
district;
' (d) Building reserve funds of the community college district
transferred to the department from the community college
district; and
' (e) Proceeds from the sale of bonds issued by the community
college district.
' (3) Interest earned on moneys in the account shall be
credited to the account.
' (4) The account may not be credited with more than
{ - $4,500,000 - } { + $7,500,000 + } in donations, Community
College Support Fund moneys, proceeds from the sale of bonds,
building reserve funds, federal and local government funds and
interest.
' (5) 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, are continuously appropriated to the
department and may be transferred to the Community College
Capital Construction Fund for the purpose of making distributions
to the Oregon Coast Community College District for the purposes
listed in subsection (1) of this section.
' { + SECTION 27. + } { + (1) There is established in the
General Fund an account to be known as the Portland Community
College Facilities Account. Moneys in the account shall be used
to construct, improve, repair, equip and furnish facilities and
purchase land for facilities for the Portland Community College
District.
' (2) The account may consist of the following moneys that have
been deposited in the account by the Department of Community
Colleges and Workforce Development at the request of the Portland
Community College District for the purposes listed in subsection
(1) of this section:
' (a) Moneys from federal and local governments;
' (b) Donations;
' (c) Community College Support Fund moneys transferred to the
account by the department at the request of the community college
district;
' (d) Building reserve funds of the community college district
transferred to the department from the community college
district; and
' (e) Proceeds from the sale of bonds issued by the community
college district.
' (3) Interest earned on moneys in the account shall be
credited to the account.
' (4) The account may not be credited with more than $7,500,000
in donations, Community College Support Fund moneys, proceeds
from the sale of bonds, building reserve funds, federal and local
government funds and interest.
' (5) Moneys in the account shall be considered to be General
Fund moneys for purposes of section 1 (3), Article XI-G of the
Oregon Constitution, are continuously appropriated to the
department and may be transferred to the Community College
Capital Construction Fund for the purpose of making distributions
to the Portland Community College District for the purposes
listed in subsection (1) of this section. + }
' { + SECTION 28. + } Section 2, chapter 787, Oregon Laws
2005, is amended to read:
' { + Sec. 2. + } Notwithstanding any other law limiting
expenditures, the following amounts are established for a
six-year period beginning July 1, 2005, as the maximum limit for
payment of expenses under this section from bond proceeds and
other revenues, including federal funds, collected or received by
the Department of Higher Education, for the acquisition of land,
improvements to land and the acquisition, planning, constructing,
altering, repairing, furnishing and equipping of buildings,
facilities and other projects within the Oregon University
System:
' _______________________________________________________________
____NOTE_TO_WEB_CUSTOMERS:__________________________________
THE FOLLOWING TABULAR TEXT MAY BE IRREGULAR.
FOR COMPLETE INFORMATION PLEASE SEE THE PRINTED MEASURE.
_______________________________________________________________
Other
Revenues
ArticleArticle (Including
XI-G XI-F(1) Lottery Energy Federal
Bonds Bonds Bonds Loans Funds)
____NOTE_TO_WEB_CUSTOMERS:__________________________________
THE FOLLOWING TABULAR TEXT MAY BE IRREGULAR.
FOR COMPLETE INFORMATION PLEASE SEE THE PRINTED MEASURE.
_______________________________________________________________
(1) Oregon University System
(a) Capital repair/Code
compli$n11,796$320,000,000 $ -- $ 10,000,000
(b) Small capital pr-6,000,000 -- 6,000,000
(c) Miscellaneous student building
fee projects -3,000,000 -- -- --
(2) Western Oregon University
(a) Deferred Maintenance Tier 1,
WOU Physical pla-- -2,538,0001,552,000 --
(b) Humanities and Social
Services Buildin--seismi-- -- 1,500,000
(3) Eastern Oregon University
- Deferred Maintenance Tier 1,
Central heating --ant -- --3,044,000 --
(4) Portland State University
(a) Retail development, various
locations -5,000,000 -- -- --
(b) University Place redevelopment
phase 1 -- 1 -- -- --
(c) Parking structur30,000,000tion -- -- --
(d) Student recreation/fitness center
and housing 42,000,000 -- -- --
(e) Smith Memorial Student Union
renovation -1,500,000 -- -- --
(f) City Tower build--g acqu--ition -- -- 1
(g) Deferred Maintenance Tier 1,
Heating plant -- -- 32,0005,498,2,570,000
(h) Deferred Maintenance Tier 2,
Shattuck Hall -- -7,312,0006,383,000 --
(5) University of Oregon
(a) Outside tennis c--r850,000acemen-- -950,000
(b) Earl Residence Hall Complex
accessibility up--a750,000 -- -- --
(c) Food service upg-3,500,000 -- -- --
(d) Erb Memorial Union, International
Area renovation -- 500,000 -- -634,000
(e) Basketball arena, land acquisition,
parking structur-- 1 -- -- 1
(f) New education building and
educatio19,400,004,300,000 -- 40024,000,000
(g) Deferred Maintenance Tier 1,
Heating/Power pl--t -- 174,0013,049,000 --
(h) Living Learning -3,000,000 -- -- --
(i) Theater c3,950,000 -- -- 3,950,000
(j) Gilbert H3,300,000 -- -- 3,300,000
(6) Oregon State University
(a) Cauthorn Hall ho10,500,000del -- -- --
(b) Student family housing and
child care cente--constr--tion -- 17,500,000
(c) Student housing suites and
apartments const--ction -- -- 17,500,000
(d) Residential infrastructure
deferred mainten-3,000,000 -- -- --
(e) Arnold Dining Ce-1,000,000el -- -- --
(f) Finley Hall remo12,500,000 -- -- --
(g) Memorial Union phase 3
renovation -- -- -- 7,500,000
(h) New steam plant/Utility switch
construction 1 1 -- 1 1
(i) Research Park multitenant #1
and #2 -- -- -- -- 1
(j) Our Little Village Child Care
Center -2,200,000 -- -- --
(k) Deferred Maintenance Tier 2,
Education Hall -- -7,152,0001,355,000 --
(L) Apperson Hall -- -- -- 10,000,000
(L) Apperson Hall -- -- -- 14,000,000
(m) Reser Stadium and parking
addition -4,000,000 -- -- --
(n) College of Veterinary Medicine,
Large Animal Hos--tal -- -- 12,000,000
(o) Nash Hall seismi-- -- -- 2,000,000
(p) Animal sciences education
and resea4,000,000ion -- -- 4,000,000
(7) Southern Oregon University
(a) Jefferson Public--adio e--ipment-- -500,000
(b) Land acquisition-- 1 -- -- --
(c) Theatre Arts expansion and
remodel -- -- -- 4,200,000
(d) Stevenson Union -1,500,000emodel-- -- --
(e) Medford instructional facility
with Rogue Community
College 5,550,000 -- -- 2,550,000
(f) Deferred Maintenance Tier 1,
Central heating --ant -- 881,000 363,000 --
(8) Oregon Institute of Technology
(a) Student housing project
construction -- 1 -- -- --
(b) Deferred Maintenance Tier 1,
Facilities servi--s -- 579,000 549,000 --
(c) Deferred Maintenance Tier 2,
Snell Hall -- -- 762,000 532,00550,000
(9) Project reserves-5,334,000 -- 3,732,720
____________________________________________________________
END OF POSSIBLE IRREGULAR TABULAR TEXT
____________________________________________________________
' _______________________________________________________________
' { + SECTION 29. + } Section 2, chapter 725, Oregon Laws
2003, is amended to read:
' { + Sec. 2. + } Notwithstanding any other law limiting
expenditures, the amount of $446,097,973 is established as the
maximum limit for payment of expenses under this section and
section 1 { + , chapter 725, Oregon Laws 2003, + } { - of this
2003 Act - } from the proceeds of bonds and other revenue
sources, including federal funds, by the Department of Higher
Education for the acquisition of land and improvements to land
and the acquisition, planning, constructing, altering, repairing,
furnishing and equipping of buildings and facilities. Within this
total expenditure limitation there are established maximum limits
for expenditures as follows:
____NOTE_TO_WEB_CUSTOMERS:__________________________________
THE FOLLOWING TABULAR TEXT MAY BE IRREGULAR.
FOR COMPLETE INFORMATION PLEASE SEE THE PRINTED MEASURE.
_______________________________________________________________
Other
Revenues
Article ArticleLottery(Including
XI-G XI-F(1) Bonds Federal
Bonds Bonds Funds)
____NOTE_TO_WEB_CUSTOMERS:__________________________________
THE FOLLOWING TABULAR TEXT MAY BE IRREGULAR.
FOR COMPLETE INFORMATION PLEASE SEE THE PRINTED MEASURE.
_______________________________________________________________
(1Oregon University System:
(aAcademic modernization, capital
repair, deferred maintenance,
code and safety complian$12,519,$20,000,000 $10,000,000
(bMiscellaneous student building fee
projects $3,000,000
(cSmall capital projects $6,000,000 $6,000,000
(2Oregon State University:
(aReser Stadium expansion and parking
facilities $66,000,000 $44,000,000
(bMemorial Union remodel, phase 3 $5,500,000
(cCollege Inn renovation or replace$1,000,000 $11,000,000
(dResidential housing deferred maintenance
upgrade/replacement $3,000,000
(eArnold Dining Center remodel $7,000,000
(fPoling Hall remodel $9,000,000
(gNew single student suites/apartme$1,000,000 $11,000,000
(hInstrumentation and flow imaging lab
addition $650,000
(i)Graf Hall and adjacent buildings
remodel HP Building
II Renovation $4,750,000 $4,750,00$9,500,000
(jCollege of Veterinary Medicine
addition $2,200,000
(3Portland State University:
(aSmith Memorial Student Union
renovations and code compliance $7,000,000
(bAthletic arena construction $5,000,000 $20,000,000
(cOndine student housing tower remodel
and seismic upgrade $6,000,000
(dHelen Gordon Child Development Center
rehabilitation, phase 2 $3,500,000
(ePeter W. Stott Center student recreation
and fitness improvements, phase 2$4,100,000
(fCombination housing/parking stru$20,000,000
(gNew housing construction, phase $15,000,000
(hCenter for nanoscience and
nanotechnology $500,000 $500,00$1,000,000
(4Southern Oregon University:
Jefferson Public Radio transmitter/
translator network equipment $500,000
(5University of Oregon:
(aUniversity Health and Counseling
Center addition/remodel $10,080,000
(bUniversity housing $8,500,000
(cLiving Learning Center $27,000,000
(dResidence hall restoration, phase$2,000,000
(eParking structure $10,920,000
(fHeart of Campus rehabilitation $850,000
(gMuseum of Natural History addition
and alterations $1,460,000
(hAllen Hall, phase 7 $2,000,000
(iAlumni Center construction $21,200,000
(jIntegrative science compl$4,750,000 $4,750,00$9,500,000
(kTheatre complex $6,360,000
(6Project reserve $2,612,667 $1,625,600
____________________________________________________________
END OF POSSIBLE IRREGULAR TABULAR TEXT
____________________________________________________________
' { + SECTION 30. + } Section 11, chapter 725, Oregon Laws
2003, is amended to read:
' { + Sec. 11. + } (1) Pursuant to ORS 286.560 to 286.580 and
348.716, lottery bonds may be issued to fund projects for:
' (a) The remodel of { - Graf Hall and adjacent buildings - }
{ + the HP Building II Renovation project + } at Oregon State
University for a microproducts breakthrough institute relating to
a signature research center;
' (b) The expansion of microscopy and materials
characterization facilities at Portland State University relating
to a signature research center; and
' (c) The construction, remodeling, expansion and renovation of
facilities for an integrative science complex at the University
of Oregon relating to a signature research center.
' (2) The use of lottery bond proceeds is authorized based on
the following findings:
' (a) The universities of the Oregon University System promote
the improved education of Oregon's students;
' (b) The promotion of educated employees for business and
industry expands markets, which in turn creates jobs and
stimulates economic development of the state's business and
industry; and
' (c) The creation of a signature research center will support
the growth of emerging markets and the creation of new markets,
which in turn create jobs and stimulate economic development of
the state's business and industry.
' (3) The aggregate principal amount of lottery bonds issued
pursuant to this section may not exceed the sum of $10,000,000
and an additional amount estimated by the State Treasurer to be
necessary to pay bond-related costs. Lottery bonds issued
pursuant to this section shall be issued only at the request of
the Chancellor of the Oregon University System.
' (4)(a) Of the net proceeds of lottery bonds issued pursuant
to this section, $4,750,000 shall be deposited in the Oregon
State University Engineering Capital Construction Remodel Account
established in section 8 { + , chapter 725, Oregon Laws 2003 + }
{ - of this 2003 Act - } .
' (b) Of the net proceeds of lottery bonds issued pursuant to
this section, $500,000 shall be deposited in the Portland State
University Center for Nanoscience and Nanotechnology Account
established in section 9 { + , chapter 725, Oregon Laws 2003 + }
{ - of this 2003 Act - } .
' (c) Of the net proceeds of lottery bonds issued pursuant to
this section, $4,750,000 shall be deposited in the University of
Oregon Integrative Science Complex Account established in section
10 { + , chapter 725, Oregon Laws 2003 + } { - of this 2003
Act - } .
' (5) The proceeds of lottery bonds issued pursuant to this
section may be used only for the purposes set forth in subsection
(1) of this section and for bond-related costs.
' { + SECTION 31. + } ORS 351.532 is amended to read:
' 351.532. (1) There is established in the General Fund an
account to be known as the Oregon State University Engineering
Capital Construction Remodel Account. Funds in the account shall
be used for the { - remodel of Graf Hall and adjacent
buildings - } { + HP Building II Renovation project + } at
Oregon State University for a microproducts breakthrough
institute related to a signature research center.
' (2) The account shall consist of proceeds from lottery bonds
made available to the Oregon University System for the purpose of
the Oregon State University capital construction project
described in subsection (1) of this section. Interest earned on
moneys in the account shall be credited to the account.
' (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 to the
Department of Higher Education for the capital construction
project described in subsection (1) of this section. The account
may not be credited with more than $4,750,000 in interest and
proceeds from lottery bonds.
' { + SECTION 32. + } { + This 2007 Act being necessary for
the immediate preservation of the public peace, health and
safety, an emergency is declared to exist, and this 2007 Act
takes effect July 1, 2007. + } ' .
----------