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SB 5505STATE · OregonIntroduced

Relating to state financial administration; and declaring an emergency.

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.

Voted: 8/13/2025

How representatives voted

76 yea·2 nay·11 other

Action history

  • 8/13/2025Effective date, August 7, 2025.
  • 8/13/2025Chapter 630, 2025 Laws.
  • 8/8/2025Governor signed.
  • 6/30/2025Speaker signed.
  • 6/30/2025President signed.
  • 6/28/2025Rules suspended. Third reading as Special Order of Business. Carried by Nosse. Passed.
  • 6/28/2025Rules suspended. Made a Special Order of Business immediately.
  • 6/28/2025Rules suspended. Second reading.
  • 6/28/2025Recommendation: Do pass.
  • 6/28/2025Referred to Ways and Means.