75th OREGON LEGISLATIVE ASSEMBLY--2009 Regular Session
Note: For budget, see 2009-2011 Biennial Budget
NOTE: Matter within { + braces and plus signs + } in an
amended section is new. Matter within { - braces and minus
signs - } is existing law to be omitted. New sections are within
{ + braces and plus signs + } .
LC 9018
House Bill 5018
Ordered printed by the Speaker pursuant to House Rule 12.00A (5).
Presession filed (at the request of Budget and Management
Division, Oregon Department of Administrative Services)
SUMMARY
The following summary is not prepared by the sponsors of the
measure and is not a part of the body thereof subject to
consideration by the Legislative Assembly. It is an editor's
brief statement of the essential features of the measure as
introduced.
Appropriates moneys from General Fund to Department of Higher
Education for capital construction.
Limits for six-year period beginning July 1, 2009, payment of
expenses from bond proceeds and other revenues, including federal
funds, collected or received by Department of Higher Education
for capital construction within Department of Higher Education
and by Department of Community Colleges and Workforce Development
for capital construction at community colleges.
Sets expiration date on project approvals and expenditure
limitations.
Establishes accounts related to issuance of general obligation
bonds under Article XI-G of Oregon Constitution.
Authorizes State Treasurer, at request of State Board of
Education, to issue bonds under Article XI-G of Oregon
Constitution for capital construction at community colleges.
Declares emergency, effective July 1, 2009.
A BILL FOR AN ACT
Relating to state financial administration; appropriating money;
limiting expenditures; and declaring an emergency.
Be It Enacted by the People of the State of Oregon:
SECTION 1. { + (1) In addition to and not in lieu of any other
appropriation, there is appropriated to the Department of Higher
Education, for the biennium beginning July 1, 2009, out of the
General Fund, the amount of $15,000,000, which may be expended
for construction of a facility for a corporate complex in the
South Waterfront Central District in the North Macadam Urban
Renewal Area in the City of Portland.
(2) In addition to and not in lieu of any other appropriation,
there is appropriated to the Department of Higher Education, for
the biennium beginning July 1, 2009, out of the General Fund, the
amount of $3,000,000, which may be expended for an office and
classroom building for Western Oregon University. + }
SECTION 2. { + The State Board of Higher Education shall
determine the capital renewal, code compliance, and safety
projects to be undertaken with moneys made available under
section 3 (1)(a) of this 2009 Act on the basis of the board's
determination of the most critical capital renewal, code
compliance, and safety needs. In determining the capital renewal,
code compliance, and safety needs, the board shall give priority
to projects that protect the health and safety of occupants and
maintain the structural integrity of facilities. + }
SECTION 3. { + Notwithstanding any other law limiting
expenditures, the following amounts are established for a
six-year period beginning July 1, 2009, as the maximum limit for
payment of expenses under this section from bond proceeds and
other revenues, including federal funds, collected or received by
the Department of Higher Education, for the acquisition of land,
improvements to land and the acquisition, planning, constructing,
altering, repairing, furnishing and equipping of buildings,
facilities and other projects within the Department of Higher
Education: + }
________________________________________________________________
____NOTE_TO_WEB_CUSTOMERS:__________________________________
THE FOLLOWING TABULAR TEXT MAY BE IRREGULAR.
FOR COMPLETE INFORMATION PLEASE SEE THE PRINTED MEASURE.
_______________________________________________________________
Other
Revenues
ArticleArticle (including
XI-G XI-F(1) Lottery Energy Federal
Bonds Bonds Bonds Loans COPs Funds)
____NOTE_TO_WEB_CUSTOMERS:__________________________________
THE FOLLOWING TABULAR TEXT MAY BE IRREGULAR.
FOR COMPLETE INFORMATION PLEASE SEE THE PRINTED MEASURE.
_______________________________________________________________
(1) Oregon University
System
(a) Capital renewal, code
compliance, and sa$e-y $$51,400,000 $ - $ - $ -
(b) South waterfront Life
Sciences Fa75,000,060,000,000 - 25,000,0090,000,000
(c) South waterfront
Corporate Complex 150,000,000 - - - -
(d) Oregon Center for
Sustainability 80,000,000 - - - -
(e) Biofuels demonstration
project 4,000,000 - - - -4,000,000
(f) Wind demonstration
project - - - - -4,000,000
(2) Eastern Oregon
University Zabel
Hall deferred
maintenance 1,522,000 2,215,0002,706,000 - -
(3) Oregon Institute
of Technology
(a) Owens Hall deferred
maintenance 1,444,000 1,715,0001,871,000 - -
(b) Geo-thermal
renewable energy
demonstratio2,000,002,000,000 - - -2,600,000
(4) Oregon State
University
(a) Education Hall
additional structural
deficiencies deferred
maintenance - 4,000,000 - - -
(b) Strand Agriculture
Hall deferred
maintenance 6,586,000 6,586,0006,851,4,847,000 -
(c) Bates Hall/Hallie Ford
Healthy Children and
Families Cen6,000,000 - - - -6,000,000
(d) Student Involvement
Center 55,000,000 - - - -
(e) Cultural Center 5,000,000 - - -5,000,000
(f) Memorial Union,
phase 3 14,000,000 - - - -
(g) Student Health S19,000,000 - - - -
(h) International Residence
Hall 52,000,000 - - - -
(i) Sports Performance
Center 12,000,000 - - - -
(j) CH2M Hill Alumni
Center - - - - -4,200,000
(5) Portland State
University
(a) Campus Steam Loop
phase 2 deferred
maintenance - - 10,032,7,468,000 -
(6) Southern Oregon
University
(a) Churchill Hall
deferred maintenance- - -2,730,3,192,000 -
(b) Theatre Arts building
expansion an5,500,000 - - - -5,500,000
(7) University of Oregon
(a) Fenton Hall additional
structural deficiencies
deferred maintenance- 5,000,000 - - -
(b) Straub Memorial Hall
deferred mai4,554,000 4,554,0008,998,4,321,000 -
(c) Power Station, phase 2,
waste gasification
demonstratio5,000,029,150,000 13,502,3,663,0005,000,000
(d) Erb Memorial Union,
partial renovation,
West Lower Level 2,260,000 - - - 300,000
(e) Chiles Center
renovations - - - - -1,000,000
(f) Alumni Center Pro-ect - - - 16,800,000
(g) Riverfront Research
Park, Technology
Business Incubator - - - - -1,500,000
(h) Barnhart Hall building
envelope restoration- - - - - 900,000
(i) Carson Hall electrical
upgrade - - - - - 560,000
(j) Earl Complex building
envelope, electrical, and
mechanical systems 2,924,000 - - - -
(8) Western Oregon
University
(a) Physical Education
Building deferred
maintenance - - -4,117,8,534,000 -
(b) Classroom and office
building 3,000,000 - - - - -
(c) Health and Wellness
Center 12,000,000 - - - -
(9) Reserves 15,319,220 - - -5,838,200
____________________________________________________________
END OF POSSIBLE IRREGULAR TABULAR TEXT
____________________________________________________________
________________________________________________________________
SECTION 4. { + Notwithstanding any other law limiting
expenditures, the following amounts are established for a
six-year period beginning July 1, 2009, 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)Treasure Valley Community College
Ontario University Cente$ 3,000,00$ 3,000,000
(2)Blue Mountain Community College
Hermiston University Cen$e4,400,00$ 4,400,000
(3)Umpqua Community College
Roseburg Regional Health
Occupations Training Cen$e8,500,00$ 8,500,000
____________________________________________________________
END OF POSSIBLE IRREGULAR TABULAR TEXT
____________________________________________________________
________________________________________________________________
SECTION 5. { + Notwithstanding any other provision of this
2009 Act, the bond proceeds and other revenues, including federal
funds, the expenditures from which are limited by section 3 of
this 2009 Act, are not available for expenditure before the
effective date of this 2009 Act. However, any action taken by the
State Board of Higher Education prior to the effective date of
this 2009 Act or any contract entered into by the board prior to
the effective date of this 2009 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 2009 Act is hereby
authorized. + }
SECTION 6. { + (1) The project approvals and expenditure
limitations in this 2009 Act, and the expenditure limitations
established by the Emergency Board during the biennium beginning
July 1, 2009, 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, 2015, unless otherwise noted or
unless changed by the Legislative Assembly.
(2) The project approvals and expenditure limitations
established by section 2 (5)(b), (e), and (i), chapter 725,
Oregon Laws 2003, and section 2 (3)(h), chapter 845, Oregon Laws
2001, for capital construction or acquisition projects of the
Department of Higher Education expire on June 30, 2011, unless
otherwise changed by Legislative Assembly. + }
SECTION 7. { + (1) Pursuant to Article XI-G of the Oregon
Constitution and ORS 351.345 and ORS chapter 286A, 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 $211,113,535 par value for the biennium
beginning July 1, 2009. 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 (p), chapter 787, Oregon Laws 2005, and
in section 2 (2)(b), 4(k), (5)(h) and (f), and (6)(g) and (h),
chapter 761, Oregon Laws 2007, and in section 3 (1)(b) and (e),
(2), (3)(a) and (b), (4)(b) and (c), (6)(b), 7(b) and (c), and
(8)(b) of this 2009 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 3 (2) of this 2009 Act are matched
with the General Fund appropriation made under section 11 (1) of
this 2009 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 (3)(a) of this 2009 Act are
matched with the General Fund appropriation made under section 12
(1) of this 2009 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)(b) of this 2009 Act are
matched with the General Fund appropriation made under section 13
(1) of this 2009 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)(b) of this 2009 Act are
matched with the General Fund appropriation made under section 14
(1) of this 2009 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 (4)(c) of this 2009 Act are
matched with the General Fund appropriation made under section 15
(1) of this 2009 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)(b) of this 2009 Act are
matched with the General Fund appropriation made under section 16
(1) of this 2009 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)(b) of this 2009 Act are
matched with the General Fund appropriation made under section 17
(1) of this 2009 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 3 (7)(c) of this 2009 Act are
matched with the General Fund appropriation made under section 18
(1) of this 2009 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 3 (1)(b) of this 2009 Act are
matched with the General Fund appropriation made under section 19
(1) of this 2009 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 3 (1)(e) of this 2009 Act are
matched with the General Fund appropriation made under section 20
(1) of this 2009 Act. + }
SECTION 8. { + Notwithstanding the expenditure limitations
established under sections 3 and 9 of this 2009 Act, the State
Board of Higher Education may increase any limit for expenditures
from other revenues, including federal funds, prescribed by
sections 3 and 9 of this 2009 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 9. { + (1) Notwithstanding the expenditure limitations
established under section 3 of this 2009 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 3 (1) to (8) of this 2009
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 3 of this 2009 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 3 of this 2009 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 3 of this 2009 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 3 of this 2009 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 3 of this 2009 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 3 (1) to (8) of this 2009 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 3 of this 2009 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 3 of this 2009 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 3 of this 2009 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 3 of this 2009 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 3 of this 2009 Act are exceeded under
subsections (1) and (2) of this section may not be greater than
the sum of the amounts established under section 3 (9) of this
2009 Act. + }
SECTION 10. { + Notwithstanding ORS 351.345 and section 3 of
this 2009 Act, the State Board of Higher Education may issue
bonds for a project listed in section 3 (1)(b) and (e), (2),
(3)(a) and (b), (4)(b) and (c), (6)(b), (7)(b) and (c), and
(8)(b) of this 2009 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 2009 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 3 of this 2009 Act has not
been received by the state board. + }
SECTION 11. { + (1) There is established in the General Fund
an account to be known as the Eastern Oregon University Zabel
Hall Deferred Maintenance Project Account. Funds in the account
shall be used for the construction, remodeling, expansion and
renovation of facilities for a facility project at Eastern Oregon
University.
(2) The account shall consist of proceeds from lottery bonds
made available 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 $4,921,000 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 Institute of Technology
Owens Hall Deferred Maintenance Project Account. Funds in the
account shall be used for the construction, remodeling, expansion
and renovation of facilities for a facility project at the Oregon
Institute of Technology.
(2) The account shall consist of proceeds from lottery bonds
made available 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 $3,586,000 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 13. { + (1) There is established in the General Fund
an account to be known as the Oregon Institute of Technology
Geothermal Renewable Energy Demonstration Project Account. Funds
in the account shall be used for the construction, remodeling,
expansion and renovation of facilities for a facility project at
the Oregon Institute of Technology.
(2) The account shall consist of proceeds from 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 $2,000,000 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
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 Oregon State University Strand
Agriculture Hall Deferred Maintenance Project Account. Funds in
the account shall be used for the construction, remodeling,
expansion and renovation of facilities for a facility project at
Oregon State University.
(2) The account shall consist of proceeds from lottery bonds
made available 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 $6,586,000 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 15. { + (1) There is established in the General Fund
an account to be known as the Oregon State University Bates
Hall/Hallie Ford Healthy Children and Families Center Project
Account. Funds in the account shall be used for the construction,
remodeling, expansion and renovation of facilities for a facility
project at Oregon State University.
(2) The account shall consist of proceeds from gift funds made
available 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 $6,000,000 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
facility 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 Southern Oregon University Theatre
Arts Expansion and Remodel Project Account. Funds in the account
shall be used for the construction, remodeling, expansion and
renovation of facilities for a facility project at Southern
Oregon University.
(2) The account shall consist of proceeds from gift 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 $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
facility 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 University of Oregon Straub Hall
Deferred Maintenance Project Account. Funds in the account shall
be used for the construction, remodeling, expansion and
renovation of facilities for a facility project at the University
of Oregon.
(2) The account shall consist of proceeds from lottery bonds
made available 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 $4,554,000 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 18. { + (1) There is established in the General Fund
an account to be known as the University of Oregon Power Station
Phase 2 (Waste Gasification Demonstration) Project Account. Funds
in the account shall be used for the construction, remodeling,
expansion and renovation of facilities for a facility project at
the University of Oregon.
(2) The account shall consist of proceeds from grant funds,
gift funds, and 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 $5,000,000 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
facility project described in subsection (1) of this section. + }
SECTION 19. { + (1) There is established in the General Fund
an account to be known as the South Waterfront Life Sciences
Facility Project Account. Funds in the account shall be used for
the construction, remodeling, expansion and renovation of
facilities for a facility project located in the South Waterfront
Central District in the North Macadam Urban Renewal Area in the
City of Portland.
(2) The account shall consist of proceeds from grant funds,
gift funds and 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 $75,000,000 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
facility project described in subsection (1) of this section. + }
SECTION 20. { + (1) There is established in the General Fund
an account to be known as the Oregon State University Biofuels
Demonstration Project Account. Funds in the account shall be used
for the construction, remodeling, expansion and renovation of
facilities for a facility project at Oregon State University.
(2) The account shall consist of proceeds from grant funds,
gift funds, and 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 $4,000,000 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
facility project described in subsection (1) of this section. + }
SECTION 21. { + (1) Pursuant to Article XI-G of the Oregon
Constitution and ORS 341.721 and ORS chapter 286A, 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 $23,600,000 par value for the biennium beginning
July 1, 2009. The moneys realized from the sale of the bonds
shall be appropriated and may be expended for the purposes set
forth in section 4 of this 2009 Act and section 3 (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 4 (1) of this 2009 Act are matched
with the General Fund appropriation made under section 23 (1) of
this 2009 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 4 (2) of this 2009 Act are matched
with the General Fund appropriation made under section 24 (1) of
this 2009 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 4 (3) of this 2009 Act are matched
with the General Fund appropriation made under section 25 (1) of
this 2009 Act. + }
SECTION 22. { + Notwithstanding section 4 of this 2009 Act, at
the request of the State Board of Education, the State Treasurer
may issue bonds for a project listed in section 4 of this 2009
Act:
(1) If the total amount from other revenues, including federal
funds, identified for the project in the expenditure limitation
in section 4 of this 2009 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 4 of this 2009 Act has not
been received by the department. + }
SECTION 23. { + (1) There is established in the General Fund
an account to be known as the Treasure Valley 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 Treasure Valley 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 Treasure
Valley 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 $3,000,000
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 Treasure Valley 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 Blue Mountain 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 Blue Mountain 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 Blue
Mountain 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 $4,400,000
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 Blue Mountain 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 Umpqua 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 Umpqua 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 Umpqua
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 $8,500,000
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 Umpqua Community College District for the purposes listed
in subsection (1) of this section. + }
SECTION 26. { + 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
July 1, 2009. + }
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