SB 1501
Plain-language analysis
Generated analysis, not an official summary or legal advice. Confirm with linked Oregon documents.
The enrolled bill authorizes the Oregon Department of Administrative Services (DAS) to establish a joint authority with public bodies to own and oversee the Moda Center, creates the Oregon Arena Fund to finance renovations and debt service, and mandates quarterly and annual transfers from the General Fund to the Arena Fund based on redirected personal income tax withholdings from arena employers and performers. State debt issuance and fund transfers are strictly conditioned on NBA approval of a Portland Trail Blazers sale, execution of a 20-year lease with a management entity, approval of renovation plans, and binding financial commitments from the City of Portland and Multnomah County. The measure redirects an estimated $72.3 million annually for 2027-2029 and $82.6 million annually for 2029-2031 from the General Fund to the Arena Fund, while appropriating $1,511,985 for implementation costs.
Basis: Bill text · Sources: Enrolled; Revenue Impact Statement B
Official sources do not state why this measure was proposed.
Sponsor testimony, staff summaries, committee materials, or statutory findings may explain it.
Inferred from cited text; not a stated purpose.
The measure may aim to secure long-term financial and operational stability for the Moda Center and Trail Blazers franchise by establishing a dedicated funding stream and state-backed oversight structure, contingent on franchise ownership changes.
Basis: Inferred · Sources: Staff Measure Summary A; Enrolled
Face reduced availability of general revenues due to mandatory transfers to the Oregon Arena Fund, estimated at $72.3 million annually for 2027-2029 and $82.6 million for 2029-2031.
Basis: Inferred · Source: Revenue Impact Statement B
Must allow the Department of Revenue to calculate and report aggregate wage withholdings related to Moda Center activities, subjecting them to new reporting requirements and data sharing with DAS.
Basis: Inferred · Source: Enrolled
Subject to annual tax estimates by DAS Office of Economic Analysis for income derived from performances, which will trigger General Fund transfers to the Arena Fund.
Basis: Inferred · Source: Enrolled
Operations become subject to a joint authority's oversight; lease terms must be minimum 20 years; renovation scope, schedule, and budget require joint authority approval; liquidated damages tied to outstanding debt apply for breaches of nonrelocation or exclusive site agreements.
Basis: Inferred · Source: Enrolled
Must make binding financial commitments to finance construction, renovation, maintenance, and debt service to unlock state debt issuance; City is a party to the joint authority agreement.
Basis: Inferred · Source: Enrolled
Authorized to establish a joint authority and issue debt up to $365 million net proceeds subject to conditions; manages Oregon Arena Fund; retains arena negotiation expert.
Basis: Inferred · Source: Enrolled
DAS must negotiate agreements with public bodies to establish the joint authority and execute a management entity agreement meeting statutory requirements. DOR must implement quarterly determinations of withholdings starting September 1, 2027, and annual performer estimates starting July 1, 2028. The joint authority must approve renovation plans before state debt issuance. Management entity must commit to a 20-year lease. General Fund transfers are mandatory once conditions precedent are met.
Basis: Inferred · Source: Enrolled
The measure creates a continuous appropriation to DAS for joint authority expenses, including construction, renovation, maintenance, and debt service. The State Treasurer may issue debt instruments only after all conditions precedent are satisfied.
Basis: Inferred · Source: Enrolled
The joint authority retains approval power over renovation scope, schedule, and budget, with cost overrun protections limiting joint authority liability. Remedies for breach include injunctive relief and liquidated damages equal to outstanding debt.
Basis: Inferred · Source: Enrolled
State of Oregon and Regional Economy
The NBA approves a Trail Blazers sale, the joint authority secures a 20-year lease with favorable terms, and redirected tax revenues fully fund a $600 million renovation that revitalizes the Rose Quarter, generating sustained regional economic activity and preserving the team in Portland without additional General Fund appropriations beyond the statutory redirection.
Basis: Inferred · Sources: Enrolled; Revenue Impact Statement B
Oregon General Fund and Taxpayers
The NBA rejects a proposed team sale or the management entity breaches the nonrelocation agreement; the joint authority exercises its approval power to delay renovations indefinitely, causing facility deterioration while state-issued debt service obligations continue. Mandatory General Fund transfers persist for the duration of the redirection period despite the project failing to deliver expected benefits, locking fiscal resources into a venue with unresolved operational and financial risks.
Basis: Inferred · Sources: Enrolled; Revenue Impact Statement B
The text legally permits aggregated data sharing and scope approval; abuse arises from misapplication of aggregation standards, duty creep into management functions, or classification errors.
Sources · Enrolled
The measure trades General Fund revenue for dedicated arena financing and state-backed infrastructure oversight to preserve a major economic asset, balancing fiscal impact against the goal of securing long-term venue stability contingent on franchise ownership changes.
Secured funding stream for critical renovations and debt service without requiring direct legislative appropriations beyond initial implementation costs.
Basis: Inferred · Source: Enrolled
Preservation of the Trail Blazers franchise in Portland contingent on NBA approval, supported by a 20-year lease and joint authority oversight.
Basis: Inferred · Source: Enrolled
Redirection of approximately $72 million to $83 million annually from the General Fund reduces flexibility for other state priorities.
Basis: Inferred · Source: Revenue Impact Statement B
State financial exposure via debt issuance is tied to external NBA approvals and local government commitments, creating execution risk.
Basis: Inferred · Source: Enrolled
The enrolled text is substantively identical to the Senate Amendments to A-Engrossed version. The primary source document contains the full statutory language matching the previous amendments, with no material changes to definitions, funding mechanisms, conditions precedent, or oversight requirements identified in the comparison.
No substantive change identified.
Tradeoff: No change in tradeoff; fiscal and operational terms remain consistent with the previous version.
high confidence. Analysis is based solely on the enrolled bill text and official supporting sources provided. Rationale fields adhere to constraints regarding expressed purpose versus inference. Fiscal figures are drawn from official revenue impact statements.
Possible effects if adopted; not current bill text.
The amendment creates a dedicated Oregon Arena Fund and redirects specific personal income tax withholdings from the General Fund to finance a Moda Center renovation through a new joint authority. Material consequences include a projected biennial reduction of $72.3 million to $82.6 million in General Fund revenue (2027-29), the establishment of strict conditions precedent for state debt issuance, and the allocation of construction cost-overrun risk to private management entities while legally prohibiting the pledge of state taxing power or full faith and credit.
Basis: Inferred · Sources: Amendment -A13 — proposed amendment; Revenue Impact Statement B
Official sources do not state why this measure was proposed.
Sponsor testimony, staff summaries, committee materials, or statutory findings may explain it.
Inferred from cited text; not a stated purpose.
The measure's structure suggests an aim to finance arena capital improvements by tying repayment directly to venue-specific economic activity, thereby avoiding direct General Fund appropriations or constitutional debt limits. This is inferred from the explicit prohibition on pledging state credit, the creation of a segregated fund, and the redirection of withholding tied exclusively to Rose Quarter operations.
Basis: Inferred · Source: Amendment -A13 — proposed amendment
Face a structural reduction in available revenue due to redirected personal income tax withholdings, estimated at $72.3 million to $82.6 million biennially starting in 2027-29.
Basis: Inferred · Source: Revenue Impact Statement B
Must continue wage withholding, but the amounts will be tracked quarterly and transferred to the Arena Fund rather than remaining in the General Fund.
Basis: Inferred · Source: Amendment -A13 — proposed amendment
Subject to annual tax estimates that will be transferred from the General Fund to the Arena Fund, potentially altering how their venue-specific income is accounted for in state revenue tracking.
Basis: Inferred · Source: Amendment -A13 — proposed amendment
Must secure binding financial commitments to qualify for state debt issuance; Multnomah County deposits are legally restricted to construction, renovation, maintenance, and deferred maintenance uses.
Basis: Inferred · Source: Amendment -A13 — proposed amendment
Gain authority to manage the fund, negotiate joint authority agreements, and issue debt, but only after satisfying multiple conditions precedent including NBA approval and municipal commitments.
Basis: Inferred · Source: Amendment -A13 — proposed amendment
DAS and the Department of Revenue must implement quarterly and annual tracking mechanisms for specific wage withholdings and performer tax estimates, with mandatory data sharing provisions that override standard confidentiality restrictions to the extent necessary for fund administration.
Basis: Inferred · Source: Amendment -A13 — proposed amendment
The state appropriates $1,511,985 in General Fund revenue for implementation costs, including legal fees, financial advisory contracts, and a dedicated operations analyst position.
Basis: Inferred · Source: Budget Report B
Debt issuance and fund transfers are strictly conditional on finalized Trail Blazers ownership approval, joint authority formation, approved renovation plans, and municipal financial commitments, creating a high-barrier access pathway for project financing.
Basis: Inferred · Source: Amendment -A13 — proposed amendment
Management entities assume full financial responsibility for cost overruns unless the state requests scope modifications, while retaining legal remedies including injunctive relief and specific performance against the joint authority.
Basis: Inferred · Source: Amendment -A13 — proposed amendment
Portland Trail Blazers franchise and regional economy
If NBA approval is secured and municipal commitments are met, the redirected tax revenues combined with $365 million in state-issued debt could fully fund a modernized arena without requiring direct voter bond approval or capital draws from the General Fund, preserving professional sports infrastructure while aligning financing with venue-specific economic output.
Basis: Inferred · Source: Amendment -A13 — proposed amendment
Oregon General Fund and local operators
If the NBA blocks the ownership transfer or municipal commitments collapse, the state cannot issue debt or transfer funds. Redirected tax revenues would remain in the General Fund while construction delays trigger cost overruns that management entities must cover, potentially resulting in litigation, stalled renovations, and financial strain on Rose Quarter employers.
Basis: Inferred · Source: Amendment -A13 — proposed amendment
inference
Sources · Amendment -A13 — proposed amendment
The measure trades a predictable biennial reduction in General Fund revenue for a legally constrained, condition-dependent financing pathway that avoids pledging state credit while ensuring municipal and private partners share renovation costs and risks.
Protects the state balance sheet by prohibiting pledges of taxing power or full faith and credit.
Basis: Inferred · Source: Amendment -A13 — proposed amendment
Aligns financing with venue-specific economic activity, reducing reliance on broad-based taxation.
Basis: Inferred · Source: Revenue Impact Statement B
Secures long-term lease commitments and assigns cost-overrun risk to private management entities.
Basis: Inferred · Source: Amendment -A13 — proposed amendment
Creates a structural revenue loss for the General Fund that may constrain other state priorities.
Basis: Inferred · Source: Revenue Impact Statement B
Ties critical infrastructure financing to external factors outside legislative control, such as NBA approval and municipal budget decisions.
Basis: Inferred · Source: Amendment -A13 — proposed amendment
Requires ongoing administrative capacity and rulemaking to manage complex data tracking, fund subaccounts, and joint authority oversight.
Basis: Inferred · Source: Budget Report B
high confidence. Analysis is grounded exclusively in the provided amendment text, fiscal impact statements, and budget reports. No external speculation or unverified claims are included.
If adopted, the amendment appropriates $1,511,985 from the General Fund to the Department of Administrative Services for the 2025-27 biennium to cover legal, advisory, and staffing costs required to negotiate a joint authority agreement and establish the Oregon Arena Fund. It does not fund construction or debt service; those rely on redirected personal income tax withholdings and future state bond issuance subject to strict conditions.
Basis: Stakeholder claim · Sources: Amendment -A12 — proposed amendment; Senate Amendments to Introduced
Official sources do not state why this measure was proposed.
Sponsor testimony, staff summaries, committee materials, or statutory findings may explain it.
Inferred from cited text; not a stated purpose.
The appropriation addresses upfront operational costs for the Department of Administrative Services to fulfill its statutory mandate under sections 1 through 8, including legal negotiations, financial advisory services, and staffing, which are not covered by redirected tax revenues that begin in 2027.
Basis: Inferred · Sources: Amendment -A12 — proposed amendment; Budget Report B
Receives funding to hire staff, retain legal and financial experts, and negotiate agreements with public bodies for the Moda Center joint authority.
Basis: Stakeholder claim · Sources: Amendment -A12 — proposed amendment; Budget Report B
Bear the immediate $1.5 million cost, though offset by future redirected personal income tax withholdings from specific Rose Quarter employers and performers.
Basis: Stakeholder claim · Sources: Budget Report B; IS_Impact SB 1501 A11
Must make binding financial commitments to qualify for state debt issuance; their deposits into the Oregon Arena Fund will be restricted to construction, renovation, maintenance, and debt service.
Basis: Stakeholder claim · Source: Senate Amendments to Introduced
Subject to new tax withholding tracking and redirection mechanisms starting in 2027 and 2028, with data sharing between the Department of Revenue and the Department of Administrative Services.
Basis: Stakeholder claim · Sources: Senate Amendments to Introduced; IS_Impact SB 1501 A11
The Department of Administrative Services must execute complex intergovernmental negotiations and establish the Oregon Arena Fund with strict accounting separation rules before any state debt can be issued.
Basis: Stakeholder claim · Source: Senate Amendments to Introduced
State debt issuance is legally blocked until five conditions are met, including NBA approval of the Trail Blazers sale, execution of a joint authority agreement, approved renovation plans, county financial commitments, and a 20-year lease.
Basis: Stakeholder claim · Source: Senate Amendments to Introduced
Tax withholding redirections require the Department of Revenue to track specific employer categories and the Department of Administrative Services to estimate performer taxes, creating administrative reporting obligations.
Basis: Stakeholder claim · Sources: Senate Amendments to Introduced; IS_Impact SB 1501 A11
The state assumes no legal obligation to fund the Arena Fund, limiting fiscal exposure but creating uncertainty for project financing if redirected revenues fall short.
Basis: Stakeholder claim · Source: Senate Amendments to Introduced
Oregon Department of Administrative Services
Successful negotiation secures long-term state oversight of a major economic engine, guarantees $365 million in bond proceeds for arena renovation, and generates sustained regional tax revenue without General Fund depletion after 2027.
Basis: Stakeholder claim · Sources: Budget Report B; IS_Impact SB 1501 A11
Multnomah County and City of Portland
Failure to meet debt issuance conditions leaves the Arena Fund underfunded, forcing reliance on redirected withholdings that may be insufficient due to construction delays or performer income volatility, potentially stalling renovations and triggering lease disputes with the management entity.
Basis: Stakeholder claim · Sources: Senate Amendments to Introduced; IS_Impact SB 1501 A11
stakeholder_claim
Sources · Senate Amendments to Introduced
The measure trades immediate General Fund spending and future personal income tax revenue redirection for long-term state oversight of a major venue without pledging the state’s full faith and credit, balancing upfront fiscal control against financing uncertainty if projected withholdings or county commitments fail to materialize.
Capped state liability by avoiding pledges of taxing power or full faith and credit.
Basis: Stakeholder claim · Source: Senate Amendments to Introduced
Dedicated funding streams and structured project oversight protect public investment.
Basis: Stakeholder claim · Source: Budget Report B
Administrative complexity and delayed construction timelines due to conditional debt issuance.
Basis: Stakeholder claim · Source: Senate Amendments to Introduced
Potential revenue shortfalls if economic activity at the Rose Quarter declines or withholding tracking proves inaccurate.
Basis: Stakeholder claim · Source: IS_Impact SB 1501 A11
high confidence. Analysis is grounded in official committee amendments, fiscal impact statements, and current bill text. No speculation beyond statutory boundaries.
If adopted, the amendment would authorize the state to form a joint authority with local governments to own and operate the Moda Center, establish a dedicated Oregon Arena Fund, and redirect specific personal income tax withholdings from the General Fund to that fund. It conditions all state debt issuance on the finalization of a Trail Blazers ownership sale, execution of a 20-year management lease, approved renovation plans, and binding local financial commitments, while explicitly prohibiting the state from pledging its full faith and credit or incurring unconstitutional indebtedness.
Basis: Inferred · Sources: Amendment -A11 — proposed amendment; Fiscal Impact Statement A; Staff Measure Summary A
Official sources do not state why this measure was proposed.
Sponsor testimony, staff summaries, committee materials, or statutory findings may explain it.
Inferred from cited text; not a stated purpose.
The amendment appears designed to secure a dedicated, conditional revenue stream for Moda Center renovations while shielding the state’s general budget from direct debt liability. This hypothesis is derived from the creation of the Oregon Arena Fund, the strict conditions precedent for debt issuance, and the explicit prohibition on pledging state taxing power or full faith and credit, suggesting a legislative intent to leverage venue-specific economic activity for funding without assuming open-ended fiscal risk.
Basis: Inferred · Sources: Amendment -A11 — proposed amendment; Fiscal Impact Statement A
Gains authority to negotiate a joint authority and manage a dedicated fund; assumes administrative burden for quarterly tax tracking, reporting, and rulemaking.
Basis: Inferred · Sources: Amendment -A11 — proposed amendment; Budget Report B
Must provide binding financial commitments to unlock state debt; funds deposited by the county are restricted to Moda Center construction, renovation, maintenance, deferred maintenance, and debt service.
Basis: Inferred · Source: Amendment -A11 — proposed amendment
Subject to a mandatory 20-year lease term, project oversight approvals, and liquidated damages provisions for breach of nonrelocation or exclusive site agreements.
Basis: Inferred · Source: Amendment -A11 — proposed amendment
Their employee wage withholdings will be tracked quarterly and redirected to the Arena Fund during the renovation and debt repayment period.
Basis: Inferred · Sources: Amendment -A11 — proposed amendment; Revenue Impact Statement B
Estimated personal income tax on performance income will be calculated annually and transferred to the fund.
Basis: Inferred · Sources: Amendment -A11 — proposed amendment; Revenue Impact Statement B
Face a projected reduction in General Fund revenue (~$72.3M in 2027-29; ~$82.6M in 2029-31) due to redirected withholdings, though the state retains no legal obligation to deposit additional funds.
Basis: Inferred · Source: Revenue Impact Statement B
Obligations & Behavior: DAS must negotiate complex multi-party agreements meeting strict statutory requirements. DOR will implement quarterly tracking mechanisms for specific employer categories and annual performer estimates. The state treasurer’s debt issuance is legally blocked until five explicit conditions are satisfied.
Basis: Inferred · Sources: Amendment -A11 — proposed amendment; Budget Report B
Costs & Eligibility: Initial General Fund appropriation of $1,511,985 covers negotiation, legal, and advisory costs. Ongoing fund usage is strictly limited to Moda Center construction, renovation, maintenance, deferred maintenance, arena operations, and debt service. No state or legislative obligation exists to fund the Arena Fund beyond redirected withholdings and county deposits.
Basis: Inferred · Sources: Amendment -A11 — proposed amendment; Budget Report B
Enforcement & Access: The joint authority retains final approval over project scope, schedule, and budget without causing unreasonable delay. Cost overruns are legally assigned to the joint authority only if caused by state-requested modifications. Quarterly legislative reporting ensures transparency.
Basis: Inferred · Source: Amendment -A11 — proposed amendment
State & Regional Economy
All conditions are met, the Blazers remain in Portland, and the $365M debt is successfully issued. The Arena Fund captures redirected tax revenue exceeding projections, enabling a fully funded renovation that attracts major national events, generates sustained regional economic activity, and creates long-term employment without triggering state budget shortfalls or constitutional violations.
Basis: Inferred · Sources: Amendment -A11 — proposed amendment; Revenue Impact Statement B
State & Local Governments
The NBA blocks the Blazers sale or local governments withdraw commitments before debt issuance conditions are met. The General Fund continues transferring estimated tax amounts based on flawed projections for years, creating a persistent fiscal shortfall. Simultaneously, the joint authority faces construction cost overruns due to supply chain disruptions, but state law restricts recovery mechanisms, potentially stalling the project and straining local-municipal finances.
Basis: Inferred · Sources: Amendment -A11 — proposed amendment; Revenue Impact Statement B
The prohibition on pledging state credit legally prevents debt default risk, but misclassification of revenue sources or expansion of the Rose Quarter definition beyond its statutory map reference could distort funding allocations and trigger legal challenges over unauthorized tax tracking.
Sources · Amendment -A11 — proposed amendment; Revenue Impact Statement B
The measure secures dedicated, conditional state-backed financing for a critical regional venue while insulating the General Fund from direct debt liability, but it locks in long-term lease terms and redirects substantial tax revenue based on projections that may not materialize if project conditions fail.
Protects state finances through strict conditions precedent and explicit prohibitions on pledging full faith and credit.
Basis: Inferred · Source: Amendment -A11 — proposed amendment
Creates a dedicated funding stream tied to venue-specific economic activity.
Basis: Inferred · Source: Revenue Impact Statement B
Ensures long-term management stability via a 20-year lease with oversight provisions.
Basis: Inferred · Source: Amendment -A11 — proposed amendment
Redirects significant General Fund revenue based on estimates that may overstate actual collections.
Basis: Inferred · Source: Revenue Impact Statement B
Imposes rigid structural requirements that could stall the project if external factors change.
Basis: Inferred · Source: Amendment -A11 — proposed amendment
Concentrates financial and operational risk on local governments and the joint authority if state debt issuance is blocked.
Basis: Inferred · Source: Budget Report B
high confidence. Analysis is grounded exclusively in the supplied amendment text and official legislative revenue/fiscal documents. No external speculation or unverified claims are included.
The amendment would authorize the Oregon Department of Administrative Services to negotiate an agreement with public bodies to create a joint authority that owns and oversees the Moda Center, establish the Oregon Arena Fund in the State Treasury, and mandate quarterly and annual transfers from the General Fund to that Arena Fund based on calculated personal income tax withholdings from Rose Quarter employers and performers. Material consequences include a dedicated revenue stream for arena construction, renovation, and debt service; a permanent reduction in General Fund personal income tax receipts estimated at $72.3 million biennium (2027-29) and $82.6 million biennium (2029-31); and strict conditions precedent that must be satisfied before the State Treasurer can issue $365 million in debt instruments for the project.
Basis: Inferred · Sources: Amendment -A7 — proposed amendment; Fiscal Impact Statement A; IS_Impact SB 1501 A11
Official sources do not state why this measure was proposed.
Sponsor testimony, staff summaries, committee materials, or statutory findings may explain it.
Inferred from cited text; not a stated purpose.
The measure aims to secure the Portland Trail Blazers' continued presence in Portland and fund necessary arena renovations by establishing a dedicated public-private funding mechanism and joint oversight structure, leveraging future tax withholdings to offset state financial exposure.
Basis: Inferred · Sources: Amendment -A7 — proposed amendment; Staff Measure Summary A
Bears an initial $1,511,985 appropriation for administrative setup and faces ongoing biennial revenue reductions of approximately $72.3 million to $82.6 million as personal income tax withholdings are redirected to the Arena Fund.
Basis: Inferred · Sources: Budget Report B; IS_Impact SB 1501 A11
Must provide binding financial commitments for construction, renovation, maintenance, and debt service; county deposits become restricted to specific arena-related expenses.
Basis: Inferred · Source: Amendment -A7 — proposed amendment
Subject to quarterly Department of Revenue determinations of tax withholdings related to Rose Quarter activities, which will trigger mandatory General Fund transfers to the Arena Fund.
Basis: Inferred · Sources: Amendment -A7 — proposed amendment; Revenue Impact Statement B
Subject to annual Department of Administrative Services estimates of taxes paid on performance income, which will also trigger mandatory General Fund transfers.
Basis: Inferred · Sources: Amendment -A7 — proposed amendment; Revenue Impact Statement B
Gains a structured ownership and oversight framework; must comply with a 20-year minimum lease, submit to joint authority approval of renovation scope/schedule/budget, and accept liquidated damages provisions for nonrelocation breaches.
Basis: Inferred · Source: Amendment -A7 — proposed amendment
DAS must negotiate complex intergovernmental agreements and manage a dedicated fund with strict accounting separation between state debt proceeds and county deposits. The Department of Revenue will be required to share aggregated tax data with DAS, bypassing standard confidentiality restrictions under ORS 314.835 for this specific purpose. Employers and performers face new administrative tracking requirements for Rose Quarter-specific wages and income. The measure imposes rigid conditions precedent for state debt issuance, effectively tying arena financing to the NBA approval of a Blazers sale and municipal financial commitments. Long-term lease terms and cost-overrun protections limit future management flexibility but shield the state from bearing renovation overruns unless caused by state-requested scope changes.
Basis: Inferred · Sources: Amendment -A7 — proposed amendment; Fiscal Impact Statement A; Revenue Impact Statement B
While the Rose Quarter geographic definition incorporates a City of Portland development agreement map, the legal authority, funding mechanism, debt issuance, and oversight remain strictly under Oregon state statutory jurisdiction. The amendment does not transfer municipal regulatory power to the state.
Basis: Inferred · Source: Amendment -A7 — proposed amendment
Strongest plausible extreme-but-lawful benefit scenario
The renovation is completed on time and under budget, attracting major national sporting and entertainment events. The redirected tax revenues fully cover debt service, the Blazers remain in Portland under a stable 20-year agreement, and regional tourism and ancillary business growth significantly offset the initial General Fund diversion.
Basis: Inferred · Sources: Amendment -A7 — proposed amendment; Revenue Impact Statement B
Strongest plausible extreme-but-lawful harm scenario
Renovation costs escalate beyond projections, triggering liquidated damages clauses that drain Arena Fund reserves. Concurrently, a decline in Rose Quarter event attendance reduces redirected tax withholdings below debt service requirements, forcing the General Fund to cover shortfalls or requiring emergency legislative intervention to restructure the debt.
Basis: Inferred · Sources: Amendment -A7 — proposed amendment; Revenue Impact Statement B
The statutory language authorizes data sharing for administrative purposes but relies on agency compliance with aggregation mandates; duty creep or classification errors could expand the revenue base beyond legislative intent without triggering automatic statutory penalties.
Sources · Amendment -A7 — proposed amendment
The measure secures long-term arena stability and renovation funding through a dedicated revenue stream and joint oversight, but permanently redirects billions in General Fund personal income tax receipts and imposes rigid financial and lease constraints on future management.
Dedicated funding reduces reliance on ad hoc legislative appropriations for arena maintenance and debt service.
Basis: Inferred · Source: Fiscal Impact Statement A
Cost-overrun protections and joint authority oversight limit state financial exposure during construction.
Basis: Inferred · Source: Amendment -A7 — proposed amendment
General Fund faces structural revenue loss regardless of arena project success or economic cycles.
Basis: Inferred · Source: IS_Impact SB 1501 A11
Rigid 20-year lease and approval requirements reduce future management flexibility and increase long-term contractual liability.
Basis: Inferred · Source: Amendment -A7 — proposed amendment
high confidence. Analysis is grounded exclusively in the supplied proposed amendment text and official legislative revenue/fiscal documents. No external speculation or unverified claims are included.
The amendment creates a dedicated Oregon Arena Fund and authorizes the Department of Administrative Services (DAS) to form a joint authority with local governments to own and oversee the Moda Center. It legally mandates quarterly transfers from the General Fund to this new fund, sourced from personal income tax withholdings of employers operating in the Rose Quarter, construction workers renovating the arena, and performing artists. State debt issuance for the project is strictly conditioned on a finalized Trail Blazers ownership sale, local financial commitments, and approved renovation plans.
Basis: Inferred · Source: Amendment -5 — proposed amendment
Official sources do not state why this measure was proposed.
Sponsor testimony, staff summaries, committee materials, or statutory findings may explain it.
Inferred from cited text; not a stated purpose.
The amendment appears designed to secure long-term state oversight and a dedicated revenue stream for the Moda Center's renovation while legally insulating the state from constitutional debt limits by structuring financing through a joint authority and restricted fund.
Basis: Inferred · Source: Amendment -5 — proposed amendment
Bears the initial cost of mandatory transfers to the Arena Fund until debt proceeds or other sources cover them; assumes ongoing oversight and reporting responsibilities via DAS.
Basis: Inferred · Sources: Amendment -5 — proposed amendment; Revenue Impact Statement B
Must report and remit personal income tax withholdings tied to services performed at the venue, with amounts redirected to the Arena Fund rather than remaining solely in the General Fund.
Basis: Inferred · Sources: Amendment -5 — proposed amendment; Revenue Impact Statement B
Their employers' withheld taxes will be tracked quarterly and transferred to the Arena Fund during active renovation periods.
Basis: Inferred · Sources: Amendment -5 — proposed amendment; Revenue Impact Statement B
Their estimated personal income taxes on Rose Quarter performances will be calculated annually by DAS and redirected to the fund.
Basis: Inferred · Sources: Amendment -5 — proposed amendment; Revenue Impact Statement B
Must make binding financial commitments to qualify for state debt issuance; retain operational roles but share oversight with a new joint authority.
Basis: Inferred · Source: Amendment -5 — proposed amendment
Subject to a mandatory 20-year lease, revenue-sharing requirements, and strict project approval/cost-overrun protocols tied to the joint authority.
Basis: Inferred · Source: Amendment -5 — proposed amendment
DAS and DOR must implement new tracking systems for venue-specific tax withholdings and performer income estimates, requiring updated reporting rules and data-sharing protocols.
Basis: Inferred · Source: Amendment -5 — proposed amendment
The General Fund will experience a structural reduction (projected at $72.3 million for 2027-29 and $82.6 million for 2029-31) to fund arena operations and renovation, while initial setup costs of approximately $1.5 million are appropriated to DAS.
Basis: Inferred · Sources: Revenue Impact Statement B; Budget Report B
Debt issuance is blocked until multiple external conditions are met, creating a potential financing bottleneck. The joint authority holds final approval over project scope, schedule, and budget, shifting leverage from private management to the state.
Basis: Inferred · Source: Amendment -5 — proposed amendment
State of Oregon / Regional Economy
If the Trail Blazers remain in Portland and renovations succeed, the dedicated revenue stream and state-backed oversight could stabilize arena operations, prevent venue deterioration, and generate sustained regional economic activity without increasing general tax rates.
Basis: Inferred · Source: Staff Measure Summary A
State of Oregon / General Fund
If the Trail Blazers relocate or fail to secure NBA approval before debt issuance conditions are met, the General Fund would continue funding Arena Fund transfers indefinitely without corresponding debt proceeds or renovation completion, creating a long-term fiscal drain with no asset return.
Basis: Inferred · Source: Amendment -5 — proposed amendment
The statutory language grants broad data-sharing and reporting authority without detailed privacy safeguards, and uses overlapping financial categories that could be stretched to justify additional expenditures or bond triggers outside the amendment's original scope.
Sources · Amendment -5 — proposed amendment
The measure trades predictable General Fund revenue for long-term arena stability and state oversight, gaining financial control and renovation certainty while risking fiscal exposure if external conditions fail to materialize.
Secured project financing through dedicated tax withholdings and conditional debt issuance.
Basis: Inferred · Source: Amendment -5 — proposed amendment
Protected public asset value via mandatory joint authority oversight, cost-overrun allocation rules, and a 20-year lease requirement.
Basis: Inferred · Source: Amendment -5 — proposed amendment
Reduced General Fund flexibility due to mandatory quarterly transfers and projected multi-year revenue diversions.
Basis: Inferred · Source: Revenue Impact Statement B
Complex multi-party oversight requirements and conditional debt triggers that could stall critical infrastructure work if external approvals or local funding commitments are delayed.
Basis: Inferred · Source: Amendment -5 — proposed amendment
high confidence. The analysis is grounded exclusively in the provided proposed amendment text and official legislative fiscal/revenue impact statements. No external speculation or unverified claims are included.
The amendment would authorize the state to form a joint authority with local governments to own and oversee the Moda Center, establish a dedicated Oregon Arena Fund, and mandate quarterly and annual transfers of specific personal income tax withholdings from employers and estimated performer taxes into that fund. It conditions state debt issuance on multiple private and local government milestones, mandates 20-year lease terms with strict cost-overrun protections for the state, and requires quarterly legislative reporting. Material consequence: The General Fund would be systematically reduced by redirected tax revenue starting in 2027 to finance arena construction and operations, while the state assumes oversight responsibilities but retains no direct financial liability beyond the fund's balance.
Basis: Inferred · Sources: Amendment -3 — proposed amendment; Fiscal Impact Statement A; IS_Impact SB 1501 A11
Official sources do not state why this measure was proposed.
Sponsor testimony, staff summaries, committee materials, or statutory findings may explain it.
Inferred from cited text; not a stated purpose.
The text restructures financing and oversight to secure long-term venue stability while insulating the General Fund from construction debt risk, as evidenced by the explicit prohibition on pledging state credit, the creation of a dedicated fund with separated accounting, and conditions tying debt issuance to private team ownership changes and local financial commitments.
Basis: Inferred · Source: Amendment -3 — proposed amendment
Loses predictable revenue through mandatory quarterly and annual transfers to the Oregon Arena Fund starting in 2027.
Basis: Inferred · Source: IS_Impact SB 1501 A11
Face new Department of Revenue reporting requirements for venue-specific wage withholdings and must align payroll data with expanded statutory definitions.
Basis: Inferred · Source: Amendment -3 — proposed amendment
Subject to annual tax estimates by DAS that trigger General Fund transfers; bears no direct compliance burden but has income data used for revenue calculations.
Basis: Inferred · Source: Amendment -3 — proposed amendment
Must provide binding financial commitments and participate in a joint authority agreement to unlock state debt issuance.
Basis: Inferred · Source: Amendment -3 — proposed amendment
Gains new administrative, reporting, and fund-management duties; receives $1.51 million in General Fund appropriations for staffing and advisors.
Basis: Inferred · Source: Budget Report B
DAS must negotiate complex intergovernmental agreements, manage a dedicated trust fund with separated accounting for debt proceeds and county deposits, and coordinate quarterly tax data transfers with the Department of Revenue. Employers must ensure payroll reporting aligns with new venue-specific definitions. The state avoids direct debt liability but commits General Fund revenue to arena expenses, reducing fiscal flexibility. DOR and DAS gain rulemaking authority and can require taxpayer reporting, though data sharing must be aggregated and comply with confidentiality laws. The state retains veto power over renovation scope, schedule, and budget through the joint authority.
Basis: Inferred · Sources: Amendment -3 — proposed amendment; Fiscal Impact Statement A
Although the amendment defines 'Rose Quarter' by incorporating a map from a city development agreement, the legal authority, enforcement mechanisms, and financial obligations remain strictly within Oregon state jurisdiction.
Basis: Inferred · Source: Amendment -3 — proposed amendment
Oregon Arena Fund / Joint Authority
A major national tour or championship event generates unexpectedly high performer tax revenue, fully funding a critical deferred maintenance project without touching General Fund reserves or requiring local tax increases.
Basis: Inferred · Source: Amendment -3 — proposed amendment
Oregon Arena Fund / Joint Authority
Construction costs spiral due to supply chain issues; despite cost-overrun protections, the joint authority's debt service obligations strain the Oregon Arena Fund, forcing DAS to delay arena operations or renegotiate the management lease under duress.
Basis: Inferred · Source: Amendment -3 — proposed amendment
inference
Sources · Amendment -3 — proposed amendment
The measure trades predictable General Fund revenue for dedicated arena financing and state oversight, gaining long-term venue stability and debt insulation while reducing fiscal flexibility for other state priorities. Upsides include protecting the General Fund from construction debt risk, securing a 20-year lease term, and ensuring legislative transparency. Downsides include permanently redirecting tax revenue to a single project, limiting future budgetary discretion, and creating complex intergovernmental financial dependencies.
Protects the General Fund from construction debt risk by legally prohibiting pledges of state credit and isolating arena expenses in a dedicated fund.
Basis: Inferred · Source: Amendment -3 — proposed amendment
Secures a 20-year lease term with state veto power over renovation scope, schedule, and budget.
Basis: Inferred · Source: Amendment -3 — proposed amendment
Ensures legislative transparency through mandatory quarterly reporting to the Ways and Means committee.
Basis: Inferred · Source: Amendment -3 — proposed amendment
Permanently redirects tax revenue to a single project, limiting future budgetary discretion.
Basis: Inferred · Source: IS_Impact SB 1501 A11
Creates complex intergovernmental financial dependencies that could strain local government commitments if revenue projections fall short.
Basis: Inferred · Source: Amendment -3 — proposed amendment
high confidence. Analysis is grounded exclusively in the supplied proposed amendment text and official legislative revenue/fiscal statements. No external speculation or unverified claims are included.
If adopted, this amendment would legally authorize the state to create a joint authority for owning and overseeing the Moda Center, establish a dedicated Oregon Arena Fund, and mandate quarterly transfers of personal income tax withholdings from arena employers and performers into that fund. It strictly conditions all state debt issuance for arena renovations on external milestones like a finalized Trail Blazers sale and binding local financial commitments, while explicitly prohibiting the use of the state’s full faith and credit to back the project.
Basis: Inferred · Source: Amendment -3 — proposed amendment
Official sources do not state why this measure was proposed.
Sponsor testimony, staff summaries, committee materials, or statutory findings may explain it.
Inferred from cited text; not a stated purpose.
To establish a legally insulated financing structure that allows state participation in arena renovations without violating constitutional debt limits, while securing long-term revenue streams tied directly to venue activity rather than general appropriations.
Basis: Inferred · Source: Amendment -3 — proposed amendment
Gains authority to manage a joint authority and dedicated fund; assumes ongoing administrative obligations for tax withholding determinations, quarterly transfers, rulemaking, and legislative reporting.
Basis: Inferred · Source: Amendment -3 — proposed amendment
Face potential short-term revenue reductions as personal income tax withholdings are redirected from the General Fund to the Oregon Arena Fund, with transfers mandated regardless of actual debt issuance timing.
Basis: Inferred · Source: Amendment -3 — proposed amendment
Must comply with new DOR reporting requirements and withholding determinations specifically tied to Rose Quarter activities or Moda Center renovation work.
Basis: Inferred · Source: Amendment -3 — proposed amendment
Subject to annual tax estimates by DAS that could trigger administrative inquiries or reporting requirements, though the text focuses primarily on employer withholdings.
Basis: Inferred · Source: Amendment -3 — proposed amendment
Required to make binding financial commitments to unlock state debt issuance; gain oversight leverage through the joint authority structure but face potential liability for cost overruns if local commitments are not met.
Basis: Inferred · Source: Amendment -3 — proposed amendment
A finalized team sale and NBA good-standing status become statutory prerequisites for any state debt issuance, tying arena financing directly to franchise market conditions.
Basis: Inferred · Source: Amendment -3 — proposed amendment
The measure shifts financing responsibility from direct appropriations to a dedicated fund, requiring ongoing administrative tracking of tax withholdings by DOR and DAS. Debt issuance is strictly conditional on external market events and local government commitments, creating a dependency chain that could delay or halt funding if milestones are missed. The 20-year lease requirement and state approval rights over renovation scope, schedule, and budget give the joint authority significant operational control, while cost overrun protections limit state liability unless the state initiates changes. Quarterly reporting to Ways & Means ensures legislative oversight but increases administrative compliance costs for DAS.
Basis: Inferred · Source: Amendment -3 — proposed amendment
State of Oregon and Regional Economy
The joint authority successfully leverages the declared debt intent alongside local commitments to complete a major renovation, triggering sustained economic activity that generates sufficient redirected tax revenue to fully retire the debt ahead of schedule, leaving the Oregon Arena Fund with surplus capital for future venue improvements without further General Fund impact.
Basis: Inferred · Source: Amendment -3 — proposed amendment
General Fund and State Creditors
The Trail Blazers sale fails or is delayed indefinitely, preventing state debt issuance under the statutory conditions; however, if any debt were issued prematurely or local commitments fall through, the mandatory General Fund transfers could create a sustained revenue shortfall for the General Fund without corresponding arena assets or operations to offset the loss, straining other state priorities.
Basis: Inferred · Source: Amendment -3 — proposed amendment
The statutory definitions rely on revenue derivation and physical location without precise occupational or revenue thresholds, creating ambiguity that could be exploited through duty creep or misclassification during DOR determinations.
Sources · Amendment -3 — proposed amendment
The measure trades short-term General Fund revenue stability for long-term arena financing security by legally insulating the project from state debt limits while tying all funding to specific external milestones and activity-based tax redirects.
Constitutional compliance through explicit prohibitions on pledging full faith and credit; targeted revenue alignment with actual venue usage; protected state liability against construction cost overruns unless the state initiates changes.
Basis: Inferred · Source: Amendment -3 — proposed amendment
Administrative complexity in tracking and transferring withholdings; dependency on unpredictable market events like franchise sales; potential General Fund shortfalls if redirected withholdings fall below projections or debt issuance is delayed.
Basis: Inferred · Source: Amendment -3 — proposed amendment
high confidence. Analysis is grounded exclusively in the supplied proposed amendment text and official legislative documents. All mechanistic claims are directly traceable to statutory language. Fiscal projections are noted as version-specific and excluded from definitive conclusions.
47 records currently loaded
Records available in the current snapshot.
Earliest loaded signal
Introduced bill text posted
Posted Feb 9, 2026, 9:57 AM PST
Follow the official text for SB 1501 and every amendment branch. Connections come from each amendment's stated base. Horizontal position shows when each document was first posted, when available. Dotted links flag likely related proposals based on their text.
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Selected document summary
Targeted changes
What the document says to change
On page 1 of the printed bill, delete lines 4 through 27 and delete pages 2 2 and 3 and insert: 3 “SECTION 1.
Inferred policy relationships
Likely revised proposal · Amendment -5
High confidence from shared inserted text: ORS 174.109, ORS 314.835, ORS 316.162, Tax credit, Program administration, Effective date.
This is a text-based early signal, not an official statement that one amendment changes the other.
No deeper official pre-number history was found.
Chief sponsors: President Rob Wagner, Senator Lew Frederick, Senator Kate Lieber, Representative Daniel Nguyen, House Majority Leader Ben Bowman, Representative Shannon Isadore
Regular sponsors: Senator James Manning Jr., Senator Mark Meek, Representative Hai Pham, Representative Sue Rieke Smith, Representative Travis Nelson, Representative Mari Watanabe
Senate carrier
Senator Kate Lieber
Third Reading Of Senate Measures · Version B
Senate carrier
President Rob Wagner
Third Reading Of Senate Measures · Version B
House carrier
House Majority Leader Ben Bowman
Third Reading Of Senate Bills · Version B
A carrier presents the measure or report but is not necessarily its sponsor or author.
Records already listed in Activity are not repeated here.
Official origin records are incomplete; missing facts are not inferred.
Yex Labs LLC should monitor this measure because the supplied artifact supports small-business incentives, grants, and tax policy and a plausible but not yet specific effect.
68% confidence · deterministic fallback
47 events
Full timeline
47 entries shown.
Effective date, March 31, 2026.
Chapter 74, 2026 Laws.
Governor signed.
Speaker signed.
President signed.
Vote explanation(s) filed by Chotzen.
Third reading. Carried by Bowman. Passed.
Ayes, 42; Nays, 14--Boshart Davis, Cate, Chaichi, Chotzen, Diehl, Gomberg, Helfrich, Lewis, Lively, McDonald, Osborne, Scharf, Skarlatos, Yunker; Excused, 4--Boice, Hartman, Levy B, Valderrama.
Second reading.
Recommendation: Do pass.
Referred to Ways and Means.
First reading. Referred to Speaker's desk.
Vote explanation(s) filed by Frederick, Patterson, Pham, Sollman.
Rules suspended. Third reading. Carried by President Wagner, Lieber. Passed.
Ayes, 24; Nays, 6--Hayden, Linthicum, Patterson, Pham, Robinson, Thatcher.
Second reading.
Senate Amendments to A-Engrossed bill text posted
Recommendation: Do pass with amendments to the A-Eng. bill. (Printed B-Eng.)
Work Session held.
Amendment -A13 adopted
Returned to Full Committee.
Work Session held.
IS_Impact SB 1501 A11
Revenue Impact Statement
Amendment -A12 proposed
Amendment -A11 proposed
Amendment -A7 proposed
Assigned to Subcommittee On Capital Construction.
Senate Amendments to Introduced bill text posted
Referred to Ways and Means by order of the President.
Recommendation: Do pass with amendments and be referred to Ways and Means. (Printed A-Eng.)
Work Session held.
Amendment -5 proposed
IS_Impact SB 1501 3
Revenue Impact Statement
Amendment -3 adopted
Public Hearing held.
Amendment -3 proposed
Public Hearing held.
Referred to Rules.
Introduction and first reading. Referred to President's desk.
articipation. Financing issuances is contingent on meeting criteria outlined in SB 1501 (2026). The proceeds will be used for capital improvements of the Moda Center
articipation. Financing issuances is contingent on meeting criteria outlined in SB 1501 (2026). The proceeds will be used for capital improvements of the Moda Center
the Oregon Arena Fund established in section 3, chapter ___, Oregon Laws 2026 (Enrolled Senate Bill 1501), to support capital im- provements to the Moda Center and surrounding plaza ar
ance of debt instruments set forth in section 5, chapter ___, Oregon Laws 2026 (Enrolled Senate Bill 1501), are met; and (b) The aggregate amount of net proceeds from bonds and certifi
e Oregon Arena Fund established in 36 section 3, chapter ___, Oregon Laws 2026 (Enrolled Senate Bill 1501), to support capital im- 37 provements to the Moda Center and surrounding plaza
e of debt instruments set forth in section 5, 40 chapter ___, Oregon Laws 2026 (Enrolled Senate Bill 1501), are met; and 41 “(b) The aggregate amount of net proceeds from bonds and cert
e Oregon Arena Fund established in section 3, chapter ___, 16 Oregon Laws 2026 (Enrolled Senate Bill 1501) to support capital im- 17 provements to the Moda Center and surrounding plaza
e Oregon Arena Fund established in section 3, chapter ___, 16 Oregon Laws 2026 (Enrolled Senate Bill 1501) to support capital im- 17 provements to the Moda Center and surrounding plaza
the Oregon Arena Fund established in section 3, chapter ___, Oregon Laws 2026 (Enrolled Senate Bill 1501), to support capital improvements to the Moda Center and surrounding plaza area
ance of debt instruments set forth in section 5, chapter ___, Oregon Laws 2026 (Enrolled Senate Bill 1501), are met; and (b) The aggregate amount of net proceeds from bonds and certifi
e Oregon Arena Fund established in 5 section 3, chapter ___, Oregon Laws 2026 (Enrolled Senate Bill 1501), to support capital im- 6 provements to the Moda Center and surrounding plaza
e of debt instruments set forth in section 5, 9 chapter ___, Oregon Laws 2026 (Enrolled Senate Bill 1501), are met; and 10 (b) The aggregate amount of net proceeds from bonds and certi
e of debt instruments set forth in section 5, 12 chapter ___, Oregon Laws 2026 (Enrolled Senate Bill 1501), are met; and 13 “(b) The aggregate amount of net proceeds from bonds and cert
e Oregon Arena Fund established in 9 section 3, chapter ___, Oregon Laws 2026 (Enrolled Senate Bill 1501) to 10 support capital improvements to the Moda Center and surrounding 11 plaza
e Oregon Arena Fund established in 9 section 3, chapter ___, Oregon Laws 2026 (Enrolled Senate Bill 1501) to 10 support capital improvements to the Moda Center and surrounding 11 plaza
the Oregon Arena Fund established by section 3, chapter ___, Oregon Laws 2026 (Enrolled Senate Bill 1501), to support capital im- provements to the Moda Center and surrounding plaza ar
ance of debt instruments set forth in section 5, chapter ___, Oregon Laws 2026 (Enrolled Senate Bill 1501), are met; and (b) The aggregate amount of net proceeds from bonds and certifi
e Oregon Arena 22 Fund established in section 3, chapter ___, Oregon Laws 2026 (Enrolled Senate Bill 1501), to 23 support capital improvements to the Moda Center and surrounding plaza a
e Oregon Arena Fund established by 25 section 3, chapter ___, Oregon Laws 2026 (Enrolled Senate Bill 1501), to support capital im- 26 provements to the Moda Center and surrounding plaza
e of debt instruments set forth in section 5, 26 chapter ___, Oregon Laws 2026 (Enrolled Senate Bill 1501), are met; and 27 (b) The aggregate amount of net proceeds from bonds and certi
e of debt instruments set forth in section 5, 29 chapter ___, Oregon Laws 2026 (Enrolled Senate Bill 1501), are met; and 30 “(b) The aggregate amount of net proceeds from bonds and cert
e Oregon Arena Fund established by section 3, chapter ___, 3 Oregon Laws 2026 (Enrolled Senate Bill 1501) to support capital im- 4 provements to the Moda Center and surrounding plaza
e Oregon Arena Fund established by section 3, chapter ___, 3 Oregon Laws 2026 (Enrolled Senate Bill 1501) to support capital im- 4 provements to the Moda Center and surrounding plaza
the Oregon Arena Fund established by section 3, chapter ___, Oregon Laws 2026 (Enrolled Senate Bill 1501), to support capital improvements to the Moda Center and surrounding plaza area
ance of debt instruments set forth in section 5, chapter ___, Oregon Laws 2026 (Enrolled Senate Bill 1501), are met; and (b) The aggregate amount of net proceeds from bonds and certifi
e Oregon Arena Fund established by 39 section 3, chapter ___, Oregon Laws 2026 (Enrolled Senate Bill 1501), to support capital im- 40 provements to the Moda Center and surrounding plaza
e of debt instruments set forth in section 5, 43 chapter ___, Oregon Laws 2026 (Enrolled Senate Bill 1501), are met; and 44 (b) The aggregate amount of net proceeds from bonds and certi
et forth in section 5, SA to SB 5701 Page 8 1 chapter ___, Oregon Laws 2026 (Enrolled Senate Bill 1501), are met; and 2 “(b) The aggregate amount of net proceeds from bonds and cert
e Oregon Arena Fund established by 26 section 3, chapter ___, Oregon Laws 2026 (Enrolled Senate Bill 1501) to 27 support capital improvements to the Moda Center and surrounding 28 plaza
e Oregon Arena Fund established by 26 section 3, chapter ___, Oregon Laws 2026 (Enrolled Senate Bill 1501) to 27 support capital improvements to the Moda Center and surrounding 28 plaza
e Oregon Arena 11 Fund established by section 3, chapter ___, Oregon Laws 2026 (Enrolled Senate Bill 1501), to 12 support capital improvements to the Moda Center and surrounding plaza a
e of debt instruments set forth in section 5, 15 chapter ___, Oregon Laws 2026 (Enrolled Senate Bill 1501), are met; and 16 (b) The aggregate amount of net proceeds from bonds and certi
S LIMITED NONLIMITED LIMITED NONLIMITED FUNDS POS FTE SUBCOMMITTEE ADJUSTMENTS SCR 060 - Enterprise Asset Management Personal Services $ 195,004 $ - $ - $ - $ - $ -
S LIMITED NONLIMITED LIMITED NONLIMITED FUNDS POS FTE SUBCOMMITTEE ADJUSTMENTS SCR 060 - Enterprise Asset Management Personal Services $ 195,004 $ - $ - $ - $ - $ -
“Digest: The Act allows DAS to enter into agreements to own and operate the Moda Center. The Act sends certain tax revenue to a fund to pay for costs of the Moda Center. (Flesch Readability Score: 68.9). Authorizes the Oregon Department of Administrative Services to enter into agreements to own and oversee the operations of the Moda Center in the City of Portland. Provides that agreements may not pledge or obligate state moneys except for moneys in the Oregon Arena Fund. Creates the Oregon Arena Fund in the State Treasury. Dedicates certain tax revenues related to work in and around the Moda Center to the fund. Sets forth prerequisite conditions for tax diversion and debt issuance. Sets forth mandatory provisions of agreements relating to the Moda Center. Declares an emergency, effective on passage.”
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