75th OREGON LEGISLATIVE ASSEMBLY--2009 Regular Session
Enrolled
Senate Bill 5505
Printed pursuant to Senate Interim Rule 213.28 by order of the
President of the Senate in conformance with presession filing
rules, indicating neither advocacy nor opposition on the part
of the President (at the request of Budget and Management
Division, Oregon Department of Administrative Services)
CHAPTER ................
AN ACT
Relating to state financial administration; and declaring an
emergency.
Be It Enacted by the People of the State of Oregon:
SECTION 1. { + The amounts authorized, as provided by ORS
286A.035, for issuance of general obligation bonds, revenue
bonds, certificates of participation and other financing
agreements of this state during the 2009-2011 biennium are as
follows: + }
____NOTE_TO_WEB_CUSTOMERS:__________________________________
THE FOLLOWING TABULAR TEXT MAY BE IRREGULAR.
FOR COMPLETE INFORMATION PLEASE SEE THE PRINTED MEASURE.
_______________________________________________________________
{ +
General Fund Obligations
Department of Higher
Education (Art. XI144,900,479
Department of Community
Colleges and Workforce
Development (Art. X63,233,000
Department of Environmental
Quality (Art. XI-H)10,000,000
Oregon Military Department
(Art. XI-M)........15,000,000
Oregon Military Department
(Art. XI-N)........15,000,000
Dedicated Fund Obligations
Department of Veterans'
Affairs (Art. XI-A150,000,000
Department of Higher
Education (Art488,401,244 + }
{ +
Water Resources Department
(Art. XI-I(1)).....10,000,000
Housing and Community Services
Department (Art. X100,000,000
State Department of
Enrolled Senate Bill 5505 (SB 5505-A) Page 1
Energy (Art. XI-J)250,000,000
Total General Obligation
Bonds...........1,246,534,723
REVENUE BONDS
Direct Revenue Bonds
Housing and Community
Services Departmen600,000,000
Department of Transportation,
Oregon Transportation
Infrastructure Fun100,000,000
Highway User Tax..798,514,000
Economic and Community
Development Depart200,000,000
Oregon Department of
Administrative Services Lottery
Revenue Bonds.....274,300,000
Total Direct Revenue
Bonds...........1,972,814,000
Pass-Through Revenue Bonds
Oregon Economic and Community
Development Commission Industrial
Development Bonds.400,000,000
Oregon Facilities 950,000,000
Housing and Community Services
Department........250,000,000
Total Pass-Through Revenue
Bonds...........1,600,000,000
Total Revenue Bo3,572,814,000
CERTIFICATES OF PARTICIPATION
AND OTHER FINANCING AGREEMENTS
Oregon Department of
Administrative764,780,000 + }
____________________________________________________________
END OF POSSIBLE IRREGULAR TABULAR TEXT
____________________________________________________________
SECTION 2. { + The amounts allocated for private activity
bonds, as provided in ORS 286A.615, are as follows: + }
____NOTE_TO_WEB_CUSTOMERS:__________________________________
THE FOLLOWING TABULAR TEXT MAY BE IRREGULAR.
FOR COMPLETE INFORMATION PLEASE SEE THE PRINTED MEASURE.
_______________________________________________________________
{ +
(1For the calendar year 2010, the amount
of $337,270,950 is allocated as follows:
(a) Oregon Economic and Community
Development Commiss40,000,000
(b) Housing and Community
Services Departmen125,000,000
(c) State Department of10,000,000
(d) Private Activity Bond
Committee.........162,270,950
(2) For the calendar year 2011, the amount
of $337,270,950 is allocated as follows:
(a) Oregon Economic and Community
Development Commiss40,000,000
(b) Housing and Community
Services Departmen125,000,000
(c) State Department of10,000,000
Enrolled Senate Bill 5505 (SB 5505-A) Page 2
(d) Private Activity Bond
Committee.........162,270,950
(3) If an increase in the state's population,
a sufficient increase in the region's
Consumer Price Index or a change in federal
law allows the private activity bond limit
as set by the Internal Revenue Code of 1986,
as amended, to exceed $337,270,950 during
the 2010 calendar year or $337,270,950
during the 2011 calendar year,
the increase is allocated to the
Private Activity Bond Committee. + }
____________________________________________________________
END OF POSSIBLE IRREGULAR TABULAR TEXT
____________________________________________________________
SECTION 3. { + (1) In addition to any other issuance of bonds
issued under Article XI-I(1) of the Oregon Constitution
authorized by law, for the biennium beginning July 1, 2009, the
State Treasurer, with the concurrence of the Director of the
Oregon Department of Administrative Services, may issue Article
XI-I(1) bonds pursuant to ORS 286A.035 and at the request of the
Water Resources Commission, in the principal amount of $10
million par value plus an additional amount to be estimated by
the State Treasurer for payment of bond-related costs incurred by
the Oregon Department of Administrative Services, the commission
and the State Treasurer, to fund water development projects in
the Columbia River Basin by water developers that are not
municipalities or providers of water for municipal purposes.
(2) The State Treasurer shall credit the net proceeds of
Article XI-I(1) bonds issued under this section as provided in
ORS 541.785. + }
SECTION 4. { + (1) In addition to any other issuance of bonds
issued under Article XI-I(1) of the Oregon Constitution
authorized by law, for the biennium beginning July 1, 2011, the
State Treasurer, with the concurrence of the Director of the
Oregon Department of Administrative Services, may issue Article
XI-I(1) bonds pursuant to ORS 286A.035 and at the request of the
Water Resources Commission, in the principal amount of $15
million par value plus an additional amount to be estimated by
the State Treasurer for payment of bond-related costs incurred by
the Oregon Department of Administrative Services, the commission
and the State Treasurer, to fund water development projects in
the Columbia River Basin by water developers that are not
municipalities or providers of water for municipal purposes.
(2) The State Treasurer shall credit the net proceeds of
Article XI-I(1) bonds issued under this section as provided in
ORS 541.785. + }
SECTION 5. { + 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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Enrolled Senate Bill 5505 (SB 5505-A) Page 3
Passed by Senate June 26, 2009
...........................................................
Secretary of Senate
...........................................................
President of Senate
Passed by House June 29, 2009
...........................................................
Speaker of House
Enrolled Senate Bill 5505 (SB 5505-A) Page 4
Received by Governor:
......M.,............., 2009
Approved:
......M.,............., 2009
...........................................................
Governor
Filed in Office of Secretary of State:
......M.,............., 2009
...........................................................
Secretary of State
Enrolled Senate Bill 5505 (SB 5505-A) Page 5