Oregon Revised Statutes
As used in this chapter: “Agreement for exchange of interest rates” means a contract, or an option or forward commitment to enter into a contract, for the exchange of interest rates that provides for: Payments based on levels of or changes in interest rates; or Provisions to hedge payment, rate, spread or similar exposure including, but not limited to, an…
The State of Oregon recognizes that adherence to a debt management policy that provides guidelines for debt issuance is necessary to limit the long-term impact of debt on the budget of the state, to preserve the credit rating of the state and to maintain available debt capacity to meet the continuing capital investment needs of this state. Accordingly, it is…
The State Treasurer shall issue and sign bonds of the State of Oregon. The State Treasurer may sign a bond by manual or facsimile signature. Unless otherwise authorized by law other than this section, the State Treasurer may issue bonds only if a related agency has requested that the bonds be issued. In determining whether to issue bonds, the State Treasur…
A related agency shall, at the direction of the State Treasurer, provide the State Treasurer with: The information that the State Treasurer considers necessary to determine whether to issue the requested bonds, including assumptions underlying cash flow projections associated with the repayment of the bonds; and After the requested bonds are issued, the in…
The State Treasurer may charge a related agency for reasonable fees and expenses in connection with the services, duties and activities of the State Treasurer related to the borrowing activities of the State of Oregon, including but not limited to the issuance and administration of obligations, as defined in ORS 286A.100. The State Treasurer may charge a pu…
Moneys received under ORS 286A.014 are continuously appropriated to the State Treasurer for the payment of expenses of the State Treasurer in connection with bonds of the State of Oregon or a public body as defined in ORS 287A.001. Note: 286A.015 was enacted into law by the Legislative Assembly but was not added to or made a part of ORS chapter 286A or any …
All moneys received under ORS 286A.014 and 287A.634 shall be deposited in the Miscellaneous Receipts Account established in the General Fund for the State Treasurer. The State Treasurer may use moneys in the account for payment of expenses of the State Treasurer in connection with bonds of the State of Oregon or a public body as defined in ORS 287A.001. AUT…
The State Treasurer may, at the request of a related agency: Issue bonds when a law of the State of Oregon authorizes bonds to be issued; and Issue refunding bonds without additional authorization. In consultation with the related agency, the State Treasurer may: Sell bonds at a competitive sale or a negotiated sale or in any other manner determined by t…
Each related agency shall report the plans of the related agency for the issuance of bonds during the next biennium. The related agency shall submit the related agency’s report to the Governor by a date determined by the Governor and shall include in the report a description of bonds that the related agency intends to retire or defease during the next bienni…
The State Treasurer may issue bonds to finance all or a portion of the current expenses of this state. The amount of bonds issued under this section at any time may not exceed the State Treasurer’s estimate of the cash flow deficit in revenues available to pay the expenses that are financed with the bonds, plus amounts for reasonable reserves and costs. To …
The Short Term Borrowing Account is created in the General Fund. The State Treasurer shall credit the proceeds of bonds issued by the State Treasurer under ORS 286A.045 to the Short Term Borrowing Account. The State Treasurer shall, in addition, transfer to the Short Term Borrowing Account any amounts that are pledged to pay bonds issued by the State Treasu…
Within 90 days following the end of a biennium, the State Treasurer shall report in writing to the Legislative Fiscal Officer and the Legislative Revenue Officer on the amount of bonds issued by the State Treasurer under ORS 286A.045, the amount spent in repayment of those bonds, the issuance costs and interest costs of those bonds and the interest revenues …
If the State Treasurer or Director of the Oregon Department of Administrative Services determines that the treasurer or director will cancel or postpone an issuance of general obligation bonds or lottery bonds that was authorized by law and previously scheduled, the treasurer or director shall provide written notice to the President of the Senate, the Speake…
When calculating compliance with a constitutional or statutory debt limit: If a bond is issued to a provider of a credit enhancement device for a bond that is subject to a debt limit, the bond issued to the provider must be taken into account only to the extent that the amount of the bond issued to the provider exceeds the amount of the bond that is secured…
As used in this section and ORS 286A.102: “Obligation” means: A bond; An agreement for exchange of interest rates with the State of Oregon; or A credit enhancement device given as additional security for a bond. “Pledge” means: To create a security interest in or a lien on property to secure payment or performance of an obligation, by mortgaging, assig…
The Uniform Commercial Code does not apply to the creation, perfection, priority or enforcement of a lien of a pledge made by a state agency or the State Treasurer. When authorized by law to secure obligations with property of the State of Oregon, a state agency, or the State Treasurer acting under the State Treasurer’s own authority or on behalf of a state…
A related agency with the approval of the State Treasurer, or the State Treasurer on behalf of a related agency, may enter into agreements for exchange of interest rates with counterparties. Agreements for exchange of interest rates may be made to manage payment, interest rate, spread or similar exposure undertaken in connection with a related bond upon a de…
With the approval of the State Treasurer, a related agency may lend moneys derived from an issuance and sale of bonds to a pass-through revenue bond borrower of proceeds from outstanding, previously issued pass-through revenue bonds for the purpose of paying a termination payment due under an agreement for exchange of interest rates entered into by the pass-…
In addition to authority conferred by law other than this section, a related agency, with the approval of the State Treasurer, or the State Treasurer may: Enter into a credit enhancement device agreement in order to provide liquidity or security for bonds or for an agreement for exchange of interest rates. The credit enhancement device may be secured only b…
A related agency, with the approval of the State Treasurer, or the State Treasurer, on behalf of a related agency: May bid for, purchase, hold, cause to be held in trust and remarket bonds issued by the State Treasurer on behalf of the related agency. May not, except as provided in ORS 293.793 (2), bid for, purchase, hold, cause to be held in trust and rem…
The State Treasurer or a related agency may enter into one or more agreements for bond counsel services for a period of not less than one year during any biennium in which there are bonds outstanding that were issued for the state agency or during any biennium in which the state agency expects the State Treasurer to issue bonds for an agency program. A state…
In addition to authority conferred by law other than this section, the State Treasurer or, with the approval of the State Treasurer, a related agency may enter into an agreement with and retain the services of one or more: Providers of investment advisory services or advisory services related to agreements for exchange of interest rates; Providers of banki…
Except as provided in ORS 289.250, interest on all bonds of the State of Oregon is exempt from personal income tax under ORS chapter 316.
The State Treasurer or a related agency may enter into covenants for the benefit of owners of bonds that are intended to allow the bonds to bear interest that is excluded from gross income under the federal Internal Revenue Code or that is otherwise exempt from taxation by the United States. The State Treasurer or a related agency may adopt rules or procedur…
Notwithstanding any law limiting expenditures of a state agency, for the purpose of repaying obligations of the state to obtain savings in total or periodic debt service payments, a law limiting expenditures does not apply to payments approved by the State Treasurer for administrative expenses, debt service or financing costs that are necessary or appropriat…
The State Treasurer may adopt rules, or establish by contract or policy, procedures and requirements for the cancellation, purchase or redemption of bonds, the remittance of funds to pay bonds, or the replacement of lost or destroyed evidence of bonds or interest coupons. If the State Treasurer decides: To replace lost or destroyed evidence of bonds or cou…
The records of bond ownership are not public records for purposes of ORS 192.311 to 192.478 or other law governing the disclosure of information.
The Secretary of State shall conduct a financial audit of the bond programs of each state agency at least annually. The Secretary of State shall publish the audit as soon as possible following the end of the audit period. The Oregon Department of Administrative Services may, on an annual basis, exempt a bond program from the requirements of subsection (1) o…
The Oregon Department of Administrative Services may, with respect to bonds described in subsection (2) of this section, administer bond programs and the transfer or disbursement of bond proceeds through intergovernmental agreements or grant or loan agreements containing terms and conditions the department determines are necessary or advisable to: Protect a…
There is established a State Debt Policy Advisory Commission, consisting of five members. The State Treasurer and the Director of the Oregon Department of Administrative Services shall serve as ex officio members of the commission. One member of the commission must be a member of the Senate appointed by the President of the Senate. One member of the commiss…
The State Debt Policy Advisory Commission shall advise the Governor and the Legislative Assembly regarding policies and actions that enhance and preserve the state’s credit rating and maintain the future availability of low-cost capital financing. In carrying out this function, the commission shall at least annually prepare a report showing the consolidated …
As used in ORS 286A.560 to 286A.585 and 327.700 to 327.711, unless the context requires otherwise: “Appropriated funds” for a particular fiscal year means any moneys, other than unobligated net lottery proceeds, that are specifically appropriated or otherwise specifically made available by the Legislative Assembly or the Emergency Board for a fiscal year to…
The Legislative Assembly declares that the purpose of ORS 286A.560 to 286A.585 is to combine previously enacted legislation authorizing lottery bonds into a single Act that provides uniform administrative procedures for all lottery bonds issued by the State of Oregon. The lottery bonds issued under ORS 286A.560 to 286A.585 shall be special obligations of th…
Any legislation authorizing issuance of lottery bonds under ORS 286A.560 to 286A.585 shall: State the purposes for which the proceeds of lottery bonds may be spent; Contain findings that those uses are lawful uses of lottery revenues; Indicate the amount of lottery bonds that may be issued under the legislation; Specify the fund into which the net procee…
The Lottery Bond Fund is established in the State Treasury, separate and distinct from the General Fund. The amounts of unobligated net lottery proceeds described in ORS 286A.576 (2)(a) and (b) and any appropriated funds and investment earnings of the Lottery Bond Fund shall be credited to the Lottery Bond Fund. The State Treasurer may establish reserves for…
The Lottery Bond Administrative Fund is established in the State Treasury, separate and distinct from the General Fund. The amounts of unobligated net lottery proceeds specified in ORS 286A.576 (2)(c), the proceeds of any lottery bonds issued to pay bond-related costs and the investment earnings on amounts in the Lottery Bond Administrative Fund shall be cre…
Subject only to the availability of unobligated net lottery proceeds, in each fiscal period established by the Oregon Department of Administrative Services in which lottery bonds are outstanding, there shall be allocated, in accordance with a schedule determined by the department, from the Administrative Services Economic Development Fund created by ORS 461.…
Lottery bonds may be issued pursuant to ORS 286A.580 without regard to any litigation challenging the legality of the Oregon State Lottery. Lottery bonds issued pursuant to ORS 286A.580 are valid and binding obligations of the State of Oregon that are payable only from amounts pledged under ORS 286A.580 (7) or from appropriated funds, even if the Oregon Stat…
The State Treasurer, at the request of the Director of the Oregon Department of Administrative Services, may issue lottery bonds from time to time to finance any lottery bond program and to pay costs of issuing lottery bonds and administering the lottery bond program, and the State Treasury may be paid for all bond-related costs the State Treasury incurs. L…
Pursuant to ORS 286A.560 to 286A.585 and subject to future legislative approval, lottery bonds may be issued to make grants or loans to Oregon cities to fund projects for the reconstruction, renovation or development of community sports facilities in order to make the facilities suitable for use by a major league baseball team if a city is selected as an exp…
As used in ORS 286A.605 to 286A.625: “Issuer” means an entity that may issue private activity bonds that are qualified bonds on which the interest is exempt from federal taxation. “Private activity bonds” has the meaning given in section 141 of the Internal Revenue Code.
The Private Activity Bond Committee is established. It shall consist of the State Treasurer or the designee of the State Treasurer, one representative from the Oregon Department of Administrative Services and one public representative appointed to serve at the pleasure of the Governor. The State Treasurer, or the State Treasurer’s designee, shall serve as c…
The Legislative Assembly may allocate the amount of private activity bond volume cap among state agencies and the Private Activity Bond Committee for the two calendar years that begin in a biennium. Any volume cap that the state receives that is not allocated by the Legislative Assembly may be allocated by the Private Activity Bond Committee.
The State Treasurer shall maintain the official state private activity bond volume cap records and provide administrative support to the Private Activity Bond Committee.
The Legislative Assembly finds that the American Recovery and Reinvestment Act of 2009 (P.L. 111-5) provides that the State of Oregon may receive, allocate and reallocate the authority to issue certain kinds of state and local government bonds that qualify for tax credits, federal subsidies or exclusion of bond interest from gross income under the United Sta…
As used in this section: “Oregon Baccalaureate Bonds” means bonds of the State of Oregon issued by the State Treasurer at the request of the Higher Education Coordinating Commission that are designated as baccalaureate bonds. “Post-secondary education” means training and instruction provided by fully accredited public universities or private institutions o…
As used in ORS 286A.710 to 286A.720: “Article XI-D bonds” means general obligation bonds issued under the authority of Article XI-D of the Oregon Constitution. “Bond-related costs” means: The costs of paying the principal of, the interest on and the premium, if any, on Article XI-D bonds; The costs and expenses of issuing, administering and maintaining A…
Article XI-D bonds are a general obligation of the State of Oregon and must contain a direct promise on behalf of the State of Oregon to pay the principal of, the interest on and the premium, if any, on the Article XI-D bonds. The State of Oregon shall pledge its full faith and credit and taxing power to pay Article XI-D bonds, except that the ad valorem tax…
The Article XI-D Bond Fund is established in the State Treasury, separate and distinct from the General Fund. Amounts in the bond fund may be invested as provided in ORS 293.701 to 293.857, and interest earned on the bond fund must be credited to the bond fund. Amounts credited to the bond fund are continuously appropriated to the Oregon Department of Admini…
The Article XI-D Bond Administration Fund is established in the State Treasury, separate and distinct from the General Fund. Amounts in the bond administration fund may be invested as provided in ORS 293.701 to 293.857, and interest earned on the bond administration fund must be credited to the bond administration fund. Amounts credited to the bond administr…
The Renewable Energy Fund is established in the State Treasury, separate and distinct from the General Fund. Amounts in the fund may be invested as provided in ORS 293.701 to 293.857, and interest earned on the fund must be credited to the fund. Amounts credited to the fund are continuously appropriated to the State Department of Energy for the purpose descr…
For each biennium in which Article XI-D bonds will be outstanding, the Oregon Department of Administrative Services shall include in the Governor’s budget an amount that, when added to the amount on deposit in the Article XI-D Bond Fund and the Article XI-D Bond Administration Fund, is sufficient to pay the bond-related costs that are scheduled to come due i…
As used in ORS 286A.730 to 286A.750, unless the context requires otherwise: “Article XI-O bonds” means general obligation bonds or other general obligation indebtedness issued or incurred under the authority of Article XI-O of the Oregon Constitution. “Bond administration fund” means the Article XI-O Bond Administration Fund established under ORS 286A.745.…
Article XI-O bonds are a general obligation of the State of Oregon and must contain a direct promise on behalf of the State of Oregon to pay the principal of, the interest on and the premium, if any, on the Article XI-O bonds. The State of Oregon shall pledge its full faith and credit and taxing power to pay Article XI-O bonds; however, the ad valorem taxing…
The Article XI-O Bond Fund is established in the State Treasury, separate and distinct from the General Fund. Interest earned on the bond fund must be credited to the bond fund. Amounts credited to the bond fund are continuously appropriated to the Oregon Department of Administrative Services for the purpose of paying, when due, the principal of, the interes…
The Article XI-O Bond Administration Fund is established in the State Treasury, separate and distinct from the General Fund. Interest earned on the bond administration fund must be credited to the bond administration fund. Amounts credited to the bond administration fund are continuously appropriated to the Oregon Department of Administrative Services for pa…
In accordance with the applicable provisions of this chapter, the State Treasurer, after consulting with the Director of the Oregon Department of Administrative Services, may issue Article XI-O bonds from time to time for the purposes described in ORS 286A.735 (2). Article XI-O bonds may be issued and sold as provided in this chapter. Subject to the approv…
As used in ORS 286A.760 to 286A.772, unless the context requires otherwise: “Article XI-M bonds” means general obligation bonds or other general obligation indebtedness issued or incurred under the authority of Article XI-M of the Oregon Constitution. “Bond administration fund” means the Article XI-M Bond Administration Fund established under ORS 286A.766.…
Article XI-M bonds are a general obligation of the State of Oregon and must contain a direct promise on behalf of the State of Oregon to pay the principal of, the interest on and the premium, if any, on the Article XI-M bonds. The State of Oregon shall pledge its full faith and credit and taxing power to pay Article XI-M bonds, except that the ad valorem tax…
The Article XI-M Bond Fund is established in the State Treasury, separate and distinct from the General Fund. Amounts in the bond fund may be invested as provided in ORS 293.701 to 293.857, and interest earned on the bond fund must be credited to the bond fund. Amounts credited to the bond fund are continuously appropriated to the Oregon Department of Admini…
The Article XI-M Bond Administration Fund is established in the State Treasury, separate and distinct from the General Fund. Amounts in the bond administration fund may be invested as provided in ORS 293.701 to 293.857, and interest earned on the bond administration fund must be credited to the bond administration fund. Amounts credited to the bond administr…
The Education Seismic Fund is established in the State Treasury, separate and distinct from the General Fund. Amounts in the seismic fund may be invested as provided in ORS 293.701 to 293.857, and interest earned on the seismic fund must be credited to the seismic fund. Amounts credited to the seismic fund are continuously appropriated to the Oregon Business…
For each biennium in which Article XI-M bonds will be outstanding, the Oregon Department of Administrative Services shall include in the Governor’s budget an amount that, when added to the amount on deposit in the Article XI-M Bond Fund and the Article XI-M Bond Administration Fund, is sufficient to pay the bond-related costs that are scheduled to come due i…
As used in ORS 286A.780 to 286A.792, unless the context requires otherwise: “Article XI-N bonds” means general obligation bonds or other general obligation indebtedness issued or incurred under the authority of Article XI-N of the Oregon Constitution. “Bond administration fund” means the Article XI-N Bond Administration Fund established under ORS 286A.786.…
Article XI-N bonds are a general obligation of the State of Oregon and must contain a direct promise on behalf of the State of Oregon to pay the principal of, the interest on and the premium, if any, on the Article XI-N bonds. The State of Oregon shall pledge its full faith and credit and taxing power to pay Article XI-N bonds, except that the ad valorem tax…
The Article XI-N Bond Fund is established in the State Treasury, separate and distinct from the General Fund. Amounts in the bond fund may be invested as provided in ORS 293.701 to 293.857, and interest earned on the bond fund must be credited to the bond fund. Amounts credited to the bond fund are continuously appropriated to the Oregon Department of Admini…
The Article XI-N Bond Administration Fund is established in the State Treasury, separate and distinct from the General Fund. Amounts in the bond administration fund may be invested as provided in ORS 293.701 to 293.857, and interest earned on the bond administration fund must be credited to the bond administration fund. Amounts credited to the bond administr…
The Emergency Services Seismic Fund is established in the State Treasury, separate and distinct from the General Fund. Amounts in the seismic fund may be invested as provided in ORS 293.701 to 293.857, and interest earned on the seismic fund must be credited to the seismic fund. Amounts credited to the seismic fund are continuously appropriated to the Oregon…
For each biennium in which Article XI-N bonds will be outstanding, the Oregon Department of Administrative Services shall include in the Governor’s budget an amount that, when added to the amount on deposit in the Article XI-N Bond Fund and the Article XI-N Bond Administration Fund, is sufficient to pay the bond-related costs that are scheduled to come due i…
As used in ORS 286A.796 to 286A.806: “Article XI-P bonds” means general obligation bonds issued under the authority of Article XI-P of the Oregon Constitution. “Bond-related costs” means: The costs of paying the principal of, the interest on and the premium, if any, on Article XI-P bonds. The costs and expenses of issuing, administering and maintaining A…
In accordance with the applicable provisions of ORS chapter 286A, the State Treasurer, with the concurrence of the Superintendent of Public Instruction, may issue Article XI-P bonds: At the request of the Director of the Oregon Department of Administrative Services for the purposes specified in Article XI-P of the Oregon Constitution, plus an amount determi…
The State Board of Education shall establish by rule a program to provide school districts with matching fund grants or loans for the capital costs of school districts financed with the net proceeds of Article XI-P bonds issued under ORS 286A.796 to 286A.806. The state board shall establish, by rule, ratios for matching local moneys with grants, and ratios f…
The Department of Education shall administer a grant program that is financed with the net proceeds of Article XI-P bonds and that provides matching fund grants to school districts for capital costs of the school districts. Any construction, improvement, remodel, equipment, maintenance or repair of a building of a school district that is financed with a gran…
The Article XI-P Bond Fund is established in the State Treasury, separate and distinct from the General Fund. Amounts in the Article XI-P Bond Fund may be invested as provided in ORS 293.701 to 293.857, and interest earned on the bond fund must be credited to the bond fund. Amounts credited to the bond fund are continuously appropriated to the Oregon Departm…
The Article XI-P Bond Administration Fund is established in the State Treasury, separate and distinct from the General Fund. Amounts in the Article XI-P Bond Administration Fund may be invested as provided in ORS 293.701 to 293.857, and interest earned on the bond administration fund must be credited to the bond administration fund. Amounts credited to the b…
Pursuant to section 4, Article XI-P of the Oregon Constitution, the School Capital Matching Fund is established in the State Treasury, separate and distinct from the General Fund. Amounts in the School Capital Matching Fund may be invested as provided in ORS 286A.025 (2)(g), and interest earned on moneys in the fund must be credited to the fund. The School C…
Pursuant to Article XI-P, section 4, of the Oregon Constitution, the Oregon School Capital Improvement Matching Account is established in the State Treasury, separate and distinct from the General Fund. Amounts in the Oregon School Capital Improvement Matching Account may be invested as provided in ORS 286A.025 (2)(g), and interest earned on moneys in the a…
As used in this section: “Green Globes program” means a building guidance and assessment program to advance overall environmental performance and sustainability of commercial buildings established by the Green Building Initiative. “LEED” means the Leadership in Energy and Environmental Design rating system for certification of energy efficient and environm…
As used in ORS 286A.816 to 286A.826: “Article XI-Q bonds” means general obligation bonds issued under the authority of Article XI-Q of the Oregon Constitution. “Bond-related costs” means: The costs of paying the principal of, the interest on and the premium, if any, on Article XI-Q bonds. The costs and expenses of issuing, administering and maintaining A…
In accordance with the applicable provisions of this chapter, the State Treasurer, at the request of the Director of the Oregon Department of Administrative Services, may issue Article XI-Q bonds: For any of the purposes specified in Article XI-Q of the Oregon Constitution, plus an amount determined by the State Treasurer to pay estimated bond-related costs…
The Article XI-Q Bond Fund is established in the State Treasury, separate and distinct from the General Fund. Amounts in the Article XI-Q Bond Fund may be invested as provided in ORS 293.701 to 293.857, and interest earned on the bond fund must be credited to the bond fund. Amounts credited to the bond fund are continuously appropriated to the Oregon Departm…
The Article XI-Q Bond Administration Fund is established in the State Treasury, separate and distinct from the General Fund. Amounts in the Article XI-Q Bond Administration Fund may be invested as provided in ORS 293.701 to 293.857, and interest earned on the bond administration fund must be credited to the bond administration fund. Amounts credited to the b…
The Oregon Department of Administrative Services shall adopt procedures under which a project agency may request: Financing for real or personal property projects that may be financed with Article XI-Q bond proceeds; or Refinancing of borrowings issued before December 2, 2010, that financed or refinanced real or personal property projects that would have b…
A project agency shall request that the Governor include in the Governor’s budget for each biennium amounts that are sufficient to pay: The costs of a project financed or to be financed by the issuance of Article XI-Q bonds during the biennium; Amounts billed during the biennium by the Oregon Department of Administrative Services under ORS 286A.824; and T…
As used in ORS 286A.830 to 286A.863: “Article XI-F(1) bonds” means bonds issued under the authority of Article XI-F(1) of the Oregon Constitution for the benefit of a public university. “Article XI-G bonds” means bonds issued under the authority of Article XI-G of the Oregon Constitution for the benefit of a public university or a community college. “Bond…
In accordance with the applicable provisions of this chapter, the State Treasurer, with the concurrence of the Higher Education Coordinating Commission, may issue Article XI-F(1) bonds for the benefit of a public university if: The Director of the Oregon Department of Administrative Services requests that bonds be issued for the purposes specified in Articl…
Prior to the sale of any Article XI-F(1) bonds, except for refunding bonds, a public university and the Higher Education Coordinating Commission shall enter into a loan agreement that includes: A representation by the public university that it has revenue sufficiency for the Article XI-F(1) bonds; A loan repayment schedule and a covenant of the public univ…
The Article XI-F(1) Bond Fund is established in the State Treasury, separate and distinct from the General Fund, or with a third party under contract with the Oregon Department of Administrative Services and approved by the State Treasurer. Moneys in the Article XI-F(1) Bond Fund may be invested as provided in ORS 286A.025 and 293.701 to 293.857, and interes…
The Article XI-F(1) Bond Administration Fund is established in the State Treasury, separate and distinct from the General Fund, or with a third party under contract with the Oregon Department of Administrative Services and approved by the State Treasurer. Moneys in the Article XI-F(1) Bond Administration Fund may be invested as provided in ORS 286A.025 and 2…
The Higher Education Coordinating Commission shall request that the Governor include in the Governor’s budget request to the Legislative Assembly for each biennium amounts that are sufficient to pay: The costs of loan agreement disbursements during the biennium to public universities for the costs of projects to be financed by the issuance of Article XI-F(1…
In accordance with the applicable provisions of this chapter, the State Treasurer, with the concurrence of the Higher Education Coordinating Commission, may issue Article XI-G bonds for the benefit of a public university or a community college if: The Director of the Oregon Department of Administrative Services requests that bonds be issued for the purposes…
Prior to the sale of any Article XI-G bonds, except for refunding bonds, a public university or a community college and the Higher Education Coordinating Commission must enter into a grant contract. The grant contract must include: A certification that the requirement for a matching amount is satisfied; Terms and conditions obligating the public universit…
The Article XI-G Bond Fund is established in the State Treasury, separate and distinct from the General Fund, or with a third party under contract with the Oregon Department of Administrative Services and approved by the State Treasurer. Moneys in the Article XI-G Bond Fund may be invested as provided in ORS 286A.025 and 293.701 to 293.857, and interest earn…
The Article XI-G Bond Administration Fund is established in the State Treasury, separate and distinct from the General Fund, or with a third party under contract with the Oregon Department of Administrative Services and approved by the State Treasurer. Moneys in the Article XI-G Bond Administration Fund may be invested as provided in ORS 286A.025 and 293.701…
The Higher Education Coordinating Commission shall request that the Governor include in the Governor’s budget request to the Legislative Assembly for each biennium amounts that are sufficient to pay: The costs of grant contract disbursements during the biennium for any projects to be financed by the issuance of Article XI-G bonds; The debt service due duri…
The Oregon Department of Administrative Services may, in consultation with the Higher Education Coordinating Commission, adopt rules for the purpose of carrying out ORS 286A.830 to 286A.863, including, but not limited to, establishing: Fees and costs to be paid by public universities or community colleges for administration of higher education bonds, includ…