Chapter 4 Oregon Laws 2009

AN ACT

SB 5562

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 previously authorized, as provided by ORS 286.525 (1) (2005 Edition), for issuance of general obligation bonds, revenue bonds and certificates of participation and other financing agreements during the 2007-2009 biennium, the following amounts are authorized:

GENERAL OBLIGATION BONDS

General Fund Obligations

              Department of Higher

              Education (Art. XI-G)                     $      1,944,000

              Department of Community

              Colleges and Workforce

              Development (Art. XI-G)                $      9,703,750

Dedicated Fund Obligations

              Department of Higher

              Education (Art. XI-F(1))                 $    12,000,000

              State Department of

              Energy (Art. XI-J)                           $    16,020,000

Total General Obligation Bonds             $    39,667,750

REVENUE BONDS

      Oregon Department of Administrative

      Services Lottery Revenue Bonds            $    49,115,000

CERTIFICATES OF PARTICIPATION

      AND OTHER FINANCING AGREEMENTS

Oregon Department of

      Administrative Services                           $    91,550,000

SECTION 2. This 2009 Act being necessary for the immediate preservation of the public peace, health and safety, an emergency is declared to exist, and this 2009 Act takes effect on its passage.

Approved by the Governor February 5, 2009

Filed in the office of Secretary of State February 5, 2009

Effective date February 5, 2009

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