Oregon Law
Law as of Jan 1, 2026
Chapter contents
286A.001Definitions for ORS chapter 286A 286A.003State policy on debt management 286A.005Authority of State Treasurer to issue bonds 286A.010Information required by State Treasurer 286A.014Fees and expenses of State Treasurer; rules 286A.015Payment of expenses of State Treasurer 286A.016Disposition of charges 286A.025Issuance and sale of bonds 286A.035Bond budget authorization 286A.045Borrowing for current expenses 286A.050Short Term Borrowing Account; sources; uses 286A.055Report by State Treasurer on amount of bonds issued, amounts repaid, costs and interest earned 286A.056Cancellation or postponement of scheduled issuance of bonds 286A.095Compliance with constitutional or statutory debt limit 286A.100Definitions for ORS 286A.100 and 286A.102 286A.102Lien of a pledge; Uniform Commercial Code 286A.110Agreements for exchange of interest rates 286A.118Termination payment of pass-through revenue bond borrower 286A.120Credit enhancement devices 286A.123Agency purchase of own bonds 286A.130Bond counsel services; financial advisory services; Public Contracting Code 286A.132Debt-related advisory services 286A.140State taxation of bond interest 286A.145Federal taxation of bond interest; interest rate subsidies; rules 286A.160Exception to expenditure limits for repaying obligations; administrative limits; reports 286A.185Cancellation, purchase or redemption of bonds; lost or destroyed evidence of bonds; rules 286A.190Disclosure of bond ownership 286A.195Financial audit of bond programs 286A.200Administration of certain bond programs by Oregon Department of Administrative Services 286A.250State Debt Policy Advisory Commission; membership; compensation; quorum; meetings; personnel; consultation with other agencies 286A.255Functions and duties of commission 286A.560Definitions for ORS 286A.560 to 286A.585 and 327.700 to 327.711 286A.563Purposes; nature of lottery bonds 286A.566Requirements for legislation authorizing lottery bonds 286A.570Lottery Bond Fund; purposes 286A.573Lottery Bond Administrative Fund; purposes 286A.576Allocation of lottery moneys for lottery bonds; priorities 286A.578Litigation challenging legality of Oregon State Lottery 286A.580Issuance of lottery bonds; refunding bonds; bond covenants; reserves for bonds; appropriation to maintain reserves; credit enhancements 286A.585Lottery bonds for community sports facilities; use of proceeds of bonds 286A.605Definitions for ORS 286A.605 to 286A.625 286A.615Private Activity Bond Committee; purpose of private activity bonding; suballocation; rules 286A.620Private activity bond volume cap 286A.625State Treasurer to maintain records 286A.630Reallocation of private activity bond cap; rules 286A.700Authority to issue baccalaureate bonds 286A.710Definitions for ORS 286A.710 to 286A.720 286A.712Authority of State Treasurer to issue bonds 286A.714Article XI-D Bond Fund; purposes 286A.716Article XI-D Bond Administration Fund; purposes 286A.718Renewable Energy Fund; purposes; rules 286A.720Payment of bond-related costs 286A.730Definitions for ORS 286A.730 to 286A.750 286A.735Authority of State Treasurer to issue pension liability bonds; nature and purpose of bonds; refunding bonds 286A.740Article XI-O Bond Fund; purposes 286A.745Article XI-O Bond Administration Fund; purposes 286A.750Terms and conditions of pension liability bonds 286A.760Definitions for ORS 286A.760 to 286A.772 286A.762Authority of State Treasurer to issue bonds 286A.764Article XI-M Bond Fund; purposes 286A.766Article XI-M Bond Administration Fund; purposes 286A.768Education Seismic Fund; purposes; rules 286A.772Payment of bond-related costs 286A.780Definitions for ORS 286A.780 to 286A.792 286A.782Authority of State Treasurer to issue bonds 286A.784Article XI-N Bond Fund; purposes 286A.786Article XI-N Bond Administration Fund; purposes 286A.788Emergency Services Seismic Fund; purposes; rules; fees 286A.792Payment of bond-related costs 286A.796Definitions for ORS 286A.796 to 286A.806 286A.798Authority of State Treasurer to issue bonds 286A.800School capital matching bond program; rules 286A.801Matching fund grants to school districts; requirements; awards; rules 286A.802Article XI-P Bond Fund; purposes 286A.804Article XI-P Bond Administration Fund; purposes 286A.806School Capital Matching Fund; purposes 286A.808Oregon School Capital Improvement Matching Account; purposes 286A.810LEED certification of school projects financed with Article XI-P bonds 286A.816Definitions for ORS 286A.816 to 286A.826 286A.818Authority of State Treasurer to issue bonds 286A.820Article XI-Q Bond Fund; purposes 286A.822Article XI-Q Bond Administration Fund; purposes 286A.824Article XI-Q bond program; rules 286A.826Budgeting for Article XI-Q project costs 286A.830Definitions for ORS 286A.830 to 286A.863 286A.833Authority of State Treasurer to issue Article XI-F(1) bonds 286A.836Loan agreements for Article XI-F(1) bonds 286A.839Article XI-F(1) Bond Fund; purposes 286A.842Article XI-F(1) Bond Administration Fund; purposes 286A.845Budgeting for Article XI-F(1) bonds 286A.848Authority of State Treasurer to issue Article XI-G bonds 286A.851Grant contracts for Article XI-G bonds 286A.854Article XI-G Bond Fund; purposes 286A.857Article XI-G Bond Administration Fund; purposes 286A.860Budgeting for Article XI-G bonds 286A.863Rules; billing of public universities and community colleges; agreements with Oregon Health and Science University

Chapter 286A — STATE BORROWING

ORS 286A.570 Lottery Bond Fund; purposes

(1)

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 lottery bonds as provided in ORS 286A.580 (6). The reserves shall be credited to such account in the Lottery Bond Fund as the State Treasurer may designate.

(2)

The amounts credited to the Lottery Bond Fund are continuously appropriated only for the purpose of paying, when due, the principal of and the interest and premium, if any, on outstanding lottery bonds, funding lottery bond reserves and paying amounts due in connection with any instrument authorized by ORS 286A.580 (6).

(3)

The moneys in the Lottery Bond Fund shall be used and applied solely to pay, when due, the principal of and the interest and premium, if any, on any lottery bonds, to fund reserves and to pay amounts due under instruments authorized by ORS 286A.580 (6).

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Provenance

Version history

2026-01-01

2025 Oregon Revised Statutes — official online source