Environmental & Healthcare Legislative Watch50 States · D.C. · U.S. Congress
From official state and federal legislative records. Informational only, not legal advice.
On the governor's desk
Both groups of lawmakers approved it. It becomes law once the governor signs it (or lets it pass).
Next: the governor signs it, vetoes it, or lets it become law.
In plain words
AI summaryWritten by AI from the bill text. Check the official text before relying on it.
Digest: The Act governs bonding by the state for the biennium. (Flesch Readability Score: 78.2). Establishes amounts authorized for issuance of general obligation bonds, revenue bonds, certificates of participation and other financing agreements for the biennium. Establishes amounts allocated for private activity bonds. [<i>Authorizes general obligation bonding for the Interstate 5 bridge replacement project for future biennia.</i>] Makes legislative findings regarding benefits to higher education institutions and community colleges from the issuance of bonds under Article XI-F(1) and Article XI-G of the Oregon Constitution. [<i>Requires a constructing authority to make certain certifications before issuance of bonds under Article XI-G of the Oregon Constitution.</i>] <b>Requires specified constructing authorities to meet certain conditions before issuance of specified bonds. Establishes restrictions on general obligation bonding for the benefit of community colleges. Establishes requirements applicable to certain contracts for specified higher education capital construction projects.</b> Declares an emergency, effective July 1, 2025.
