SB 5701
Plain-language analysis
Generated analysis, not an official summary or legal advice. Confirm with linked Oregon documents.
The enrolled bill increases state bonding authority by approximately $160.9 million for general obligations and $84.6 million for direct revenue bonds during the 2025-27 biennium, primarily through higher lottery bond limits and reallocated capital funds. The measure finances affordable housing, municipal water/wastewater infrastructure, university facilities, and the Moda Center renovation while imposing new contractor compliance mandates on public university construction projects.
Basis: Bill text · Sources: Enrolled; Budget Report 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 legislature appears to be reallocating existing debt capacity and increasing lottery bond limits to address urgent local infrastructure gaps (water, wastewater, levees) and affordable housing shortages while managing overall biennium debt ceilings.
Basis: Inferred · Sources: Budget Report A; Budget Report A
Manages expanded bond issuance authority, administers grant/loan distributions, and oversees contingent financing conditions for the Moda Center.
Basis: Bill text · Source: Enrolled
Receives shifted capital grants/loans; must comply with new contractor mandates requiring 15% apprentice work hours, diversity outreach targets, and benefits reporting.
Basis: Bill text · Source: Enrolled
Receives direct lottery bond funding for water system upgrades, wastewater treatment plants, levee improvements, and street infrastructure across multiple counties.
Basis: Bill text · Source: Enrolled
Gains access to increased LIFT rental housing funds, dedicated cohousing/workforce housing allocations, and brownfield revitalization capital.
Basis: Bill text · Source: Enrolled
Must meet apprenticeship quotas, diversity recruitment targets, and provide health/retirement benefits on qualifying university projects; faces new reporting obligations.
Basis: Bill text · Source: Enrolled
Increases state debt issuance and future General Fund debt service obligations, though most payments begin in the 2027-29 biennium.
Basis: Bill text · Source: Revenue Impact Statement A
Redirects capital funding from repealed or modified projects to new infrastructure and housing targets, requiring HECC and ODAS to adjust grant administration.
Basis: Bill text · Source: Enrolled
Ties Moda Center financing to prerequisite conditions in SB 1501, creating a conditional funding pathway that may delay or alter project timelines.
Basis: Bill text · Source: Enrolled
Imposes administrative and compliance costs on university contractors for apprenticeship tracking, diversity reporting, and benefits verification.
Basis: Bill text · Source: Enrolled
Regional economies and public safety
Successful completion of the Coos Bay channel modification and Columbia River levee improvements prevents catastrophic flooding, unlocks major port economic activity, and secures regional housing/industrial development.
Basis: Bill text · Source: Enrolled
State fiscal stability and project continuity
Failure to meet SB 1501 contingency conditions leaves the Moda Center renovation unfunded mid-construction, triggering contractor defaults and public liability; or, rising interest rates significantly increase General Fund debt service for the expanded bond package, crowding out operational budgets.
Basis: Bill text · Source: Enrolled
The statute narrowly defines eligible recipients and purposes; abuse would require administrative misapplication rather than textual authorization.
Sources · Enrolled
Accelerating critical capital projects and affordable housing through expanded state debt capacity versus increasing long-term General Fund debt service obligations and contractor compliance costs.
Rapid deployment of capital for water, wastewater, and levee infrastructure reduces environmental and economic disruption risks.
Basis: Bill text · Source: Enrolled
Increased affordable housing funding addresses documented supply-demand gaps and supports at-risk populations.
Basis: Bill text · Source: Enrolled
Contractor mandates promote workforce development and equitable hiring practices on public university projects.
Basis: Bill text · Source: Enrolled
Higher state debt issuance increases future General Fund obligations and reduces remaining biennium debt capacity.
Basis: Bill text · Source: Revenue Impact Statement A
Conditional Moda Center financing creates project uncertainty if prerequisite conditions are not met.
Basis: Bill text · Source: Enrolled
New contractor compliance requirements may increase bidding costs or delay project timelines for smaller firms.
Basis: Bill text · Source: Enrolled
The enrolled text increases total general obligation bonds by $160.905 million and direct revenue bonds by $84.605 million compared to the Senate Amendments version. Key structural changes include: (1) increasing LIFT Affordable Rental Housing funding from $468.22M to $543.82M; (2) shifting PSU Performing Arts Academic Building financing from General Fund ($85.66M) to Dedicated Fund ($35.35M XI-Q) while reducing the General Fund portion to $50.455M; (3) increasing PSU Student Housing authorization to $100.815M; (4) replacing Southwestern Oregon CC's student success project with a $5.07M welding/trades center modernization; (5) repealing the Happy Valley Community Recreation Center project; (6) swapping funding sources for Coos Bay channel and Columbia River levee projects across biennia; (7) splitting Brownfields funding into two $5M allocations; (8) increasing Industrial Site Loan Fund to $20M and Eugene wastewater to $11M; (9) adding explicit Moda Center financing ($200M for 2025-27, $165M for 2027-29) contingent on SB 1501; and (10) adding Section 38 mandating 15% apprentice work hours, diversity outreach targets, and benefits reporting for public university contractors.
Funding reallocation from repealed/modified projects to new infrastructure/housing targets.
alters project scope and recipient eligibility
Sources · Enrolled; Budget Report A
Introduction of mandatory contractor compliance and reporting requirements for university projects.
increases administrative burden on contractors and universities
Sources · Enrolled
Conditional financing pathway for Moda Center tied to SB 1501 prerequisites.
creates dependency on external legislative action for full funding
Sources · Enrolled
Tradeoff: Accelerating critical capital projects and affordable housing through expanded state debt capacity versus increasing long-term General Fund debt service obligations and contractor compliance costs.
high confidence. Analysis is grounded exclusively in the enrolled bill text and official legislative budget/revenue reports. No external speculation or unverified claims are included.
Possible effects if adopted; not current bill text.
The amendment authorizes approximately $7.8 billion in new and modified state debt (general obligation bonds, revenue bonds, certificates of participation, and lottery bonds) for the 2025-2027 biennium to fund specific capital projects across higher education, affordable housing, municipal infrastructure, public safety, and economic development. It also imposes binding apprenticeship, diversity outreach, and benefits requirements on public university construction contracts exceeding $200,000. Material consequences include increased long-term General Fund and HECC Other Fund debt service obligations, direct lottery bond distributions to 24+ named local governments and nonprofits, and mandatory annual labor compliance reporting by public universities.
Basis: Inferred · Sources: Amendment -2 — proposed amendment; Budget Report 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 reallocate lottery bond proceeds from previously stalled or reprioritized projects to new, targeted local infrastructure and affordable housing initiatives, while consolidating Moda Center financing under separate legislative contingencies.
Basis: Inferred · Source: Amendment -2 — proposed amendment
Receive grants or loans for capital projects; must enforce 15% apprentice work-hour requirements, diversity outreach targets, and mandatory health/retirement benefits for contractors and subcontractors on contracts over $200,000.
Basis: Inferred · Source: Amendment -2 — proposed amendment
Receive direct lottery bond proceeds for water, sewer, street, and facility improvements; must manage grant administration and project delivery within biennium constraints.
Basis: Inferred · Source: Amendment -2 — proposed amendment
Receive direct lottery bond funding for affordable housing, business hubs, and facility capital improvements; must meet prerequisite conditions before fund disbursement.
Basis: Inferred · Source: Amendment -2 — proposed amendment
Manage bond issuance, project oversight, and debt service payments; face increased administrative reporting requirements for contractor labor practices.
Basis: Inferred · Source: Amendment -2 — proposed amendment
Subject to binding labor standards on university projects; must track apprentice hours, diversity metrics, and benefits provision with annual reporting to the Joint Committee on Ways and Means.
Basis: Inferred · Source: Amendment -2 — proposed amendment
Debt service payments will increase for the state, primarily impacting the General Fund and HECC Other Funds, reducing near-term budgetary flexibility.
Basis: Inferred · Source: Revenue Impact Statement A
University contractors must implement and document apprenticeship ratios, diversity outreach plans, and benefits provision, creating administrative overhead but standardizing labor practices.
Basis: Inferred · Source: Amendment -2 — proposed amendment
Lottery bond recipients must satisfy prerequisite conditions (e.g., SB 1501 criteria for Moda Center) before funds can be drawn, creating conditional disbursement timelines.
Basis: Inferred · Source: Amendment -2 — proposed amendment
Local governments must align project scopes with biennium funding windows, potentially accelerating procurement or delaying non-essential phases to match legislative authorization periods.
Basis: Inferred · Source: Budget Report A
Statewide economic and public health outcomes
Successful delivery of the Moda Center improvements and statewide affordable housing/water infrastructure projects stimulates regional economic growth, creates union apprenticeship jobs, and resolves critical public health/safety gaps in rural communities.
Basis: Inferred · Source: Amendment -2 — proposed amendment
Fiscal and project delivery risks
Failure to meet prerequisite conditions or rising interest rates delays Moda Center financing, while deferred maintenance on other state facilities continues; university contractors face litigation over apprenticeship compliance, causing project delays and cost overruns that exhaust bond proceeds before completion.
Basis: Inferred · Source: Amendment -2 — proposed amendment
The text legally permits targeted distributions and labor mandates; unlawful outcomes would stem from administrative misclassification or duty creep rather than the statutory language itself.
Sources · Amendment -2 — proposed amendment
The measure expands state borrowing capacity to fund targeted local infrastructure and affordable housing at the cost of increased long-term debt service obligations and binding labor compliance mandates for public university construction.
Accelerated delivery of critical capital projects, expanded workforce development through apprenticeships, and direct funding for underserved communities.
Basis: Inferred · Source: Amendment -2 — proposed amendment
Higher future General Fund commitments for debt service, reduced budgetary flexibility, and administrative burden on universities to track and report contractor labor practices.
Basis: Inferred · Source: Amendment -2 — proposed amendment
high confidence. Analysis is grounded in the official proposed amendment text and accompanying budget/revenue impact documents. No enacted status or external speculation is applied.
If adopted, the amendment increases Oregon’s authorized state borrowing by approximately $160 million in general obligation bonds and $85 million in direct revenue (lottery) bonds for the 2025-2027 biennium. It redirects funding toward rural water/wastewater infrastructure, affordable housing projects, and Moda Center capital improvements while imposing new mandatory labor standards on public university construction contracts.
Basis: Inferred · Sources: Amendment -2 — proposed amendment; Revenue Impact Statement A; Budget Report 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 likely responds to shifting municipal infrastructure needs and venue financing requirements by reallocating lottery bond capacity toward small-city water systems and affordable housing, while securing Moda Center funding contingent on separate legislative criteria.
Basis: Inferred · Sources: Amendment -2 — proposed amendment; Budget Report A
Receive expanded capital project authority for construction, renovation, and IT upgrades; must comply with new labor reporting requirements for university projects.
Basis: Inferred · Sources: Amendment -2 — proposed amendment; Budget Report A
Gain access to lottery bond proceeds for specific infrastructure and housing projects, contingent on meeting matching or eligibility criteria.
Basis: Inferred · Sources: Amendment -2 — proposed amendment; Budget Report A
Must adhere to new 15% apprentice hour mandates and diversity outreach targets on capital contracts exceeding $200,000.
Basis: Inferred · Source: Amendment -2 — proposed amendment
Face increased state debt service obligations, though most payments are deferred until the 2027-2029 biennium.
Basis: Inferred · Source: Revenue Impact Statement A
Agencies must manage expanded project scopes and submit annual labor compliance reports to the Joint Committee on Ways and Means by February 1.
Basis: Inferred · Source: Amendment -2 — proposed amendment
Local recipients must secure matching funds or complete due diligence to access lottery bond proceeds.
Basis: Inferred · Source: Budget Report A
The State Treasurer’s remaining debt capacity for the 2025-2027 biennium decreases to approximately $1.1 billion.
Basis: Inferred · Source: Revenue Impact Statement A
Moda Center financing remains legally contingent on meeting prerequisite conditions in SB 1501 (2026).
Basis: Inferred · Source: Amendment -2 — proposed amendment
State and regional economies
Successful completion of the Moda Center and rural water/wastewater projects triggers significant regional economic multipliers, reduces long-term public health costs from aging infrastructure, and creates thousands of union apprenticeship jobs.
Basis: Inferred · Sources: Amendment -2 — proposed amendment; Budget Report A
State capital planning and municipal finance
Failure to meet SB 1501 contingency conditions for Moda Center financing leaves a $200 million-plus capital gap; misallocation of lottery bond proceeds to non-qualifying local projects triggers audit findings or requires repayment, straining municipal budgets.
Basis: Inferred · Sources: Amendment -2 — proposed amendment; Budget Report A
inference
Sources · Amendment -2 — proposed amendment
The measure expands state borrowing capacity to accelerate critical capital projects and address housing/infrastructure shortages, but increases long-term debt service obligations and concentrates discretionary funding authority across numerous local and private recipients. Upsides include targeted infrastructure upgrades and workforce development mandates; downsides include reduced remaining debt capacity and complex compliance reporting for agencies and contractors.
Accelerated delivery of affordable housing and rural water/wastewater infrastructure reduces public health risks and supports regional economic growth.
Basis: Inferred · Source: Amendment -2 — proposed amendment
Mandatory labor standards on university projects formalize apprenticeship access and diversity outreach, potentially strengthening the skilled trades pipeline.
Basis: Inferred · Source: Amendment -2 — proposed amendment
Increased state debt reduces fiscal flexibility for future emergencies or shifting policy priorities.
Basis: Inferred · Source: Revenue Impact Statement A
Complex contingency conditions and matching requirements may delay project starts or disqualify smaller municipalities lacking administrative capacity.
Basis: Inferred · Source: Amendment -2 — proposed amendment
high confidence. Analysis is grounded in the explicit text of the proposed amendment, official budget reports, and revenue impact statements. Remaining uncertainties relate to implementation rules and contingent financing conditions not yet finalized.
29 records currently loaded
Records available in the current snapshot.
Earliest loaded signal
Introduced bill text posted
Posted Feb 6, 2026, 5:00 PM PST
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Selected document summary
Targeted changes
What the document says to change
Delete lines 6 through 30 and delete page 2 and insert: 9 “SECTION 1.
LC 321 draft
Date printed on LC draft: January 20, 2026
LC 321 became SB 5701
Mapping document posted: February 5, 2026 at 6:01 AM PST
LC 321
Joint Committee on Ways and Means introduction work session
Committee meeting: February 6, 2026 at 8:30 AM PST
HR 40
Committee introduction allows consideration; it does not imply every member supported the introduced or final text.
Regular sponsors: Joint Committee on Ways and Means
Senate carrier
Senator Fred Girod
Third Reading Of Senate Measures · Version A
House carrier
Representative Rob Nosse
Third Reading Of Senate Bills · Version A
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 workforce development and AI skills training and a credible operational, financial, or compliance effect.
78% confidence · deterministic fallback
29 events
Full timeline
29 entries shown.
Effective date, April 7, 2026.
Chapter 136, 2026 Laws.
Governor signed.
Speaker signed.
President signed.
Rules suspended. Third reading. Carried by Nosse. Passed.
Ayes, 49; Nays, 4--Harbick, Osborne, Scharf, Wallan; Excused, 7--Hartman, Javadi, Levy B, McIntire, Owens, Ruiz, Valderrama.
Rules suspended. Second reading.
Recommendation: Do pass.
Referred to Ways and Means.
First reading. Referred to Speaker's desk.
Third reading. Carried by Girod. Passed.
Ayes, 25; Nays, 2--Linthicum, Robinson; Excused, 3--Drazan, Hayden, Thatcher.
Second reading.
Senate Amendments to Introduced bill text posted
Recommendation: Do pass with amendments. (Printed A-Eng.)
Work Session held.
Amendment -2 adopted
Returned to Full Committee.
Work Session held.
Amendment -2 proposed
Public Hearing held.
Assigned to Subcommittee On Capital Construction.
Referred to Ways and Means.
Introduction and first reading. Referred to President's desk.
he impacts of this measure are already included in the bond authorization bill (SB 5701). ____________________________________________________________________________
lion Other Funds expenditure limitation for lottery bond proceeds authorized in SB 5701 (2026) for the Industrial Site Loan Fund. Other Funds expenditure limitation wa
lion Other Funds expenditure limitation for lottery bond proceeds authorized in SB 5701 (2026) for the Industrial Site Loan Fund. Other Funds expenditure limitation wa
lion Other Funds expenditure limitation for lottery bond proceeds authorized in SB 5701 (2026) for the Industrial Site Loan Fund. Other Funds expenditure limitation wa
lion Other Funds expenditure limitation for lottery bond proceeds authorized in SB 5701 (2026) for the Industrial Site Loan Fund. Other Funds expenditure limitation wa
expended in SB 5702 are generated and considered in the Bond authorization bill SB 5701. Thus, this measure has no Revenue Impact. ___________________________________
mount corresponds to the total project amounts for three projects authorized in SB 5701. The projects are funded with proceeds from the issuance of Article XI-F(1), XI
mount corresponds to the total project amounts for three projects authorized in SB 5701. The projects are funded with proceeds from the issuance of Article XI-F(1), XI
reements between HECC and each university. Project descriptions are included in SB 5701. The expenditure limitation expires June 30, 2031. Additionally, the subcommit
reements between HECC and each university. Project descriptions are included in SB 5701. The expenditure limitation expires June 30, 2031. Additionally, the subcommit
the total project amount for one project scope and budget change authorized in SB 5701. This project is funded with proceeds from the issuance of Article XI-G bonds a
the total project amount for one project scope and budget change authorized in SB 5701. This project is funded with proceeds from the issuance of Article XI-G bonds a
nt between HECC and the community college. A project description is included in SB 5701. The expenditure limitation expires June 30, 2029. SB 5702 A 6 of 8 DETAIL
nt between HECC and the community college. A project description is included in SB 5701. The expenditure limitation expires June 30, 2029. SB 5702 A 6 of 8 DETAIL
established under Enrolled Senate Bill 5701 (SB 5701-A) Page 13 [section 12, chapter 566, Oregon Laws 2025 (Enrolled House Bill 2411)] ORS 285B.046, for projects related to industrial la
nate Bill 5701 (SB 5701-A) Page 13 [section 12, chapter 566, Oregon Laws 2025 (Enrolled House Bill 2411)] ORS 285B.046, for projects related to industrial lands readiness activities.
for deposit in the Industrial Site Loan Fund established under 34 [section 12, chapter 566, Oregon Laws 2025 (Enrolled House Bill 2411)] ORS 285B.046, for projects 35 related to industrial
Site Loan Fund established under 34 [section 12, chapter 566, Oregon Laws 2025 (Enrolled House Bill 2411)] ORS 285B.046, for projects 35 related to industrial lands readiness activitie
for deposit in the Industrial Site Loan Fund established under 2 [section 12, chapter 566, Oregon Laws 2025 (Enrolled House Bill 2411)] ORS 285B.046, for projects 3 related to industrial
Site Loan Fund established under 2 [section 12, chapter 566, Oregon Laws 2025 (Enrolled House Bill 2411)] ORS 285B.046, for projects 3 related to industrial lands readiness activitie
Site Loan Fund established under [section 12, chapter 566, 7 Oregon Laws 2025 (Enrolled House Bill 2411)] ORS 285B.046, for projects 8 related to industrial lands readiness activitie
Site Loan Fund established under [section 12, chapter 566, 7 Oregon Laws 2025 (Enrolled House Bill 2411)] ORS 285B.046, for projects 8 related to industrial lands readiness activitie
ws 2023, as amended by section 1, chapter 104, Oregon Laws 2024, and section 1, chapter 9, Oregon Laws 2025, is amended to read: Sec. 1. The amounts authorized, as provided by ORS 286A.0
2023, as amended by section 1, chapter 104, 6 Oregon Laws 2024, and section 1, chapter 9, Oregon Laws 2025, is amended to read: 7 “ Sec. 1. The amounts authorized, as provided by ORS 28
2023, as amended by section 1, chapter 104, 20 Oregon Laws 2024, and section 1, chapter 9, Oregon Laws 2025, is amended to read: 21 Sec. 1. The amounts authorized, as provided by ORS 286A
ntended to be financed by these bonds are referenced in the budget reports for HB 5701 and HB 5702. Lottery revenue bond authority was increased by $85 million from
e financed by these bonds are referenced in the budget reports for HB 5701 and HB 5702. Lottery revenue bond authority was increased by $85 million from the 2025 se
e Oregon 8 Arena Fund established in section 3, chapter ___, Oregon Laws 2026 (Enrolled Senate Bill 9 1501), to support capital improvements to the Moda Center and surrounding plaza
e Oregon 42 Arena Fund established by section 3, chapter ___, Oregon Laws 2026 (Enrolled Senate Bill 43 1501), to support capital improvements to the Moda Center and surrounding plaza
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
ws 2023, section 44, chapter 599, Oregon Laws 2023, sections 1, 2, 5 3 and 12, chapter 630, Oregon Laws 2025, and sections 3, 7, 11 and 20, chapter 6 633, Oregon Laws 2025; repealing sect
ws 2023, section 44, chapter 599, Oregon Laws 2023, sections 1, 2, 5 3 and 12, chapter 630, Oregon Laws 2025, and sections 3, 7, 11 and 20, chapter 6 633, Oregon Laws 2025; repealing sect
ws 2023, section 44, chapter 599, Oregon Laws 2023, sections 4 1, 2, 3 and 12, chapter 630, Oregon Laws 2025, and sections 3, 7, 11 and 20, chapter 633, Oregon 5 Laws 2025; repealing sect
Laws 2023, section 44, chapter 599, Oregon Laws 2023, sections 1, 2, 3 and 12, chapter 630, Oregon Laws 2025, and sections 3, 7, 11 and 20, chapter 633, Oregon Laws 2025; repealing sectio
lete lines 6 through 30 and delete page 2 and insert: 9 “SECTION 1. Section 1, chapter 630, Oregon Laws 2025, is amended to 10 read: 11 “ Sec. 1. The amounts authorized, as provided by ORS
lete lines 6 through 30 and delete page 2 and insert: 9 “SECTION 1. Section 1, chapter 630, Oregon Laws 2025, is amended to 10 read: 11 “ Sec. 1. The amounts authorized, as provided by ORS
y. Be It Enacted by the People of the State of Oregon: SECTION 1. Section 1, chapter 630, Oregon Laws 2025, is amended to read: Sec. 1. The amounts authorized, as provided by ORS 286A.0
ete lines 6 through 30 and delete page 2 and insert: 7 “ SECTION 1. Section 1, chapter 630, Oregon Laws 2025, is amended to read: 8 “ Sec. 1. The amounts authorized, as provided by ORS 28
ws 2023, section 44, chapter 599, Oregon 4 Laws 2023, sections 1, 2, 3 and 12, chapter 630, Oregon Laws 2025, and sections 3, 7, 11 and 20, 5 chapter 633, Oregon Laws 2025; repealing sect
7 Be It Enacted by the People of the State of Oregon: 8 SECTION 1. Section 1, chapter 630, Oregon Laws 2025, is amended to read: 9 Sec. 1. The amounts authorized, as provided by ORS 286A
ds ...................................... $2,501,195,000 SECTION 2. Section 2, chapter 630, Oregon Laws 2025, is amended to read: Sec. 2. The amounts authorized, as provided by ORS 286A.0
..................................... $2,501,195,000 31 “ SECTION 2. Section 2, chapter 630, Oregon Laws 2025, is amended to read: 32 “ Sec. 2. The amounts authorized, as provided by ORS 28
..................................... $2,501,195,000 19 “SECTION 2. Section 2, chapter 630, Oregon Laws 2025, is amended to 20 read: 21 “ Sec. 2. The amounts authorized, as provided by ORS
..................................... $2,501,195,000 19 “SECTION 2. Section 2, chapter 630, Oregon Laws 2025, is amended to 20 read: 21 “ Sec. 2. The amounts authorized, as provided by ORS
5,200] Total Revenue Bonds ............ $ 5,206,120,200 SECTION 3. Section 3, chapter 630, Oregon Laws 2025, is amended to read: Sec. 3. The amount authorized, as provided by ORS 286A.03
...................................... $2,501,195,000 45 SECTION 2. Section 2, chapter 630, Oregon Laws 2025, is amended to read: [6] A-Eng. SB 5701 1 Sec. 2. The amounts authorized,
22 Total Revenue Bonds ............ $ 5,206,120,200 23 “ SECTION 3. Section 3, chapter 630, Oregon Laws 2025, is amended to read: 24 “ Sec. 3. The amount authorized, as provided by ORS 286
27 Total Revenue Bonds ............ $ 5,206,120,200 28 “SECTION 3. Section 3, chapter 630, Oregon Laws 2025, is amended to 29 read: 30 “ Sec. 3. The amount authorized, as provided by ORS
27 Total Revenue Bonds ............ $ 5,206,120,200 28 “SECTION 3. Section 3, chapter 630, Oregon Laws 2025, is amended to 29 read: 30 “ Sec. 3. The amount authorized, as provided by ORS
0] 36 Total Revenue Bonds ............ $ 5,206,120,200 37 SECTION 3. Section 3, chapter 630, Oregon Laws 2025, is amended to read: 38 Sec. 3. The amount authorized, as provided by ORS 286A.
ill promote economic development and watershed health. SECTION 38. Section 12, chapter 630, Oregon Laws 2025, is amended to read: Sec. 12. (1) A public university that is carrying out a q
t SA to SB 5701 Page 23 1 and watershed health. 2 “ SECTION 38. Section 12, chapter 630, Oregon Laws 2025, is amended to read: 3 “ Sec. 12. (1) A public university that is carrying out
rming Arts Academic Building referenced in section 1 (1)(f) [of this 2025 Act], chapter 630, Oregon Laws 2025; (B) The University of Oregon Child Behavioral Health Building project referen
oral Health Building project referenced in section 1 (1)(g) [of this 2025 Act], chapter 630, Oregon Laws 2025; (C) The Southern Oregon University Creative Industries/Student Success projec
ries/Student Success project referenced in section 1 (1)(h) [of this 2025 Act], chapter 630, Oregon Laws 2025; [and] (D) The Western Oregon University Data Center project referenced in sec
iversity Data Center project referenced in section 1 (1)(i) [of this 2025 Act], chapter 630, Oregon Laws 2025[.]; and Enrolled Senate Bill 5701 (SB 5701-A) Page 21 (E) The Oregon State U
es Student Health and Recreation Center project referenced in section 1 (1)(j), chapter 630, Oregon Laws 2025, as amended by section 1 of this 2026 Act. (f) “Veteran” has the meaning given
romote economic development 14 and watershed health. 15 SECTION 38. Section 12, chapter 630, Oregon Laws 2025, is amended to read: 16 Sec. 12. (1) A public university that is carrying out a
ng Arts Academic Building 36 referenced in section 1 (1)(f) [of this 2025 Act], chapter 630, Oregon Laws 2025; 37 “(B) The University of Oregon Child Behavioral Health Building project refe
omote economic development and watershed 11 health. 12 “SECTION 38. Section 12, chapter 630, Oregon Laws 2025, is amended to 13 read: 14 “ Sec. 12. (1) A public university that is carrying
omote economic development and watershed 11 health. 12 “SECTION 38. Section 12, chapter 630, Oregon Laws 2025, is amended to 13 read: 14 “ Sec. 12. (1) A public university that is carrying
l Health Building project referenced in section 38 1 (1)(g) [of this 2025 Act], chapter 630, Oregon Laws 2025; 39 “(C) The Southern Oregon University Creative Industries/Student Success pro
s/Student Success project referenced in 40 section 1 (1)(h) [of this 2025 Act], chapter 630, Oregon Laws 2025; [and] 41 “(D) The Western Oregon University Data Center project referenced in
rsity Data Center project referenced in section 1 (1)(i) [of this 42 2025 Act], chapter 630, Oregon Laws 2025[.]; and 43 “(E) The Oregon State University Cascades Student Health and Recreat
Student Health and Recreation Center project 44 referenced in section 1 (1)(j), chapter 630, Oregon Laws 2025, as amended by section 1 of this 45 2026 Act. SA to SB 5701 Page 24 1 “(f) ‘V
ng Arts Academic Building 3 referenced in section 1 (1)(f) [of this 2025 Act], chapter 630, Oregon Laws 2025; 4 (B) The University of Oregon Child Behavioral Health Building project refer
l Health Building project referenced in section 1 5 (1)(g) [of this 2025 Act], chapter 630, Oregon Laws 2025; 6 (C) The Southern Oregon University Creative Industries/Student Success proj
s/Student Success project referenced in 7 section 1 (1)(h) [of this 2025 Act], chapter 630, Oregon Laws 2025; [and] 8 (D) The Western Oregon University Data Center project referenced in s
rsity Data Center project referenced in section 1 (1)(i) [of this 9 2025 Act], chapter 630, Oregon Laws 2025[.]; and 10 (E) The Oregon State University Cascades Student Health and Recreati
Student Health and Recreation Center project 11 referenced in section 1 (1)(j), chapter 630, Oregon Laws 2025, as amended by section 1 of this 12 2026 Act. 13 (f) “Veteran” has the meaning
25 Arts Academic Building referenced in section 1 (1)(f) [of this 2025 Act], 26 chapter 630, Oregon Laws 2025; 27 “(B) The University of Oregon Child Behavioral Health Building project 28 r
25 Arts Academic Building referenced in section 1 (1)(f) [of this 2025 Act], 26 chapter 630, Oregon Laws 2025; 27 “(B) The University of Oregon Child Behavioral Health Building project 28 r
rsity Data Center project referenced in 4 section 1 (1)(i) [of this 2025 Act], chapter 630, Oregon Laws 2025[.]; and 5 “(E) The Oregon State University, Cascades Student Health and 6 Rec
rsity Data Center project referenced in 4 section 1 (1)(i) [of this 2025 Act], chapter 630, Oregon Laws 2025[.]; and 5 “(E) The Oregon State University, Cascades Student Health and 6 Rec
s 1, 2, 3 and 12, chapter 630, Oregon Laws 2025, and sections 3, 7, 11 and 20, chapter 633, Oregon Laws 2025; repealing section 37, chapter 633, Oregon Laws 2025; and declaring an emergen
ctions 3, 7, 11 and 20, chapter 6 633, Oregon Laws 2025; repealing section 37, chapter 633, Oregon Laws 2025; 7 and declaring an emergency.”. 8 Delete lines 6 through 30 and delete page
ctions 3, 7, 11 and 20, chapter 6 633, Oregon Laws 2025; repealing section 37, chapter 633, Oregon Laws 2025; 7 and declaring an emergency.”. 8 Delete lines 6 through 30 and delete page
ctions 3, 7, 11 and 20, chapter 633, Oregon 5 Laws 2025; repealing section 37, chapter 633, Oregon Laws 2025; and declaring an emergency.”. 6 Delete lines 6 through 30 and delete page 2 a
sections 3, 7, 11 and 20, chapter 633, Oregon Laws 2025; repealing section 37, chapter 633, Oregon Laws 2025; and declaring an emergency. Be It Enacted by the People of the State of Oreg
Oregon Laws 2007, 3 section 44, chapter 599, Oregon Laws 2023, and section 7, chapter 633, Oregon Laws 2025; and 4 declaring an emergency. 5 Be It Enacted by the People of the State of
1, 2, 3 and 12, chapter 630, Oregon Laws 2025, and sections 3, 7, 11 and 20, 5 chapter 633, Oregon Laws 2025; repealing section 37, chapter 633, Oregon Laws 2025; and de- 6 claring an eme
ctions 3, 7, 11 and 20, 5 chapter 633, Oregon Laws 2025; repealing section 37, chapter 633, Oregon Laws 2025; and de- 6 claring an emergency. 7 Be It Enacted by the People of the State o
LC 321 SB 5701 1 development within this state. 2 SECTION 2. Section 7, chapter 633, Oregon Laws 2025, is amended to read: 3 Sec. 7. (1) For the biennium beginning July 1, 2025, at
746, Oregon Laws 2007, and [sections 44 32 and 45 of this 2023 Act] section 7, chapter 633, Oregon Laws 2025, and interest earnings on 33 moneys in the fund. 34 (2) Moneys in the fund are
746, Oregon Laws 2007, and [sections 44 and 45 of this 2023 37 Act] section 7, chapter 633, Oregon Laws 2025, and to pay bond-related costs. 38 SECTION 4. This 2026 Act being necessary for
appy Valley Community Recreation Center project that was formerly authorized in SB 5531 (2025) funded with $5 million in net lottery revenue bond proceeds. Recipient
appy Valley Community Recreation Center project that was formerly authorized in SB 5531 (2025) funded with $5 million in net lottery revenue bond proceeds. Recipient
approved modifying the $10 million in net lottery bond proceeds authorized in SB 5531 (2025) for the Brownfields Redevelopment Fund to $5 million, with the remaining
approved modifying the $10 million in net lottery bond proceeds authorized in SB 5531 (2025) for the Brownfields Redevelopment Fund to $5 million, with the remaining
es will promote economic development within this state. SECTION 10. Section 7, chapter 633, Oregon Laws 2025, is amended to read: Sec. 7. (1) For the biennium beginning July 1, 2025, at t
romote eco- 10 nomic development within this state. 11 “ SECTION 10. Section 7, chapter 633, Oregon Laws 2025, is amended to read: 12 “ Sec. 7. (1) For the biennium beginning July 1, 2025,
ll promote economic 24 development within this state. 25 SECTION 10. Section 7, chapter 633, Oregon Laws 2025, is amended to read: 26 Sec. 7. (1) For the biennium beginning July 1, 2025, at
will promote economic development within this state. 7 “SECTION 10. Section 7, chapter 633, Oregon Laws 2025, is amended to 8 read: 9 “ Sec. 7. (1) For the biennium beginning July 1, 202
will promote economic development within this state. 7 “SECTION 10. Section 7, chapter 633, Oregon Laws 2025, is amended to 8 read: 9 “ Sec. 7. (1) For the biennium beginning July 1, 202
ter 746, Oregon Laws 2007, and [sections 44 and 45 of this 2023 Act] section 7, chapter 633, Oregon Laws 2025, and interest earnings on moneys in the fund. (2) Moneys in the fund are avail
ter 746, Oregon Laws 2007, and [sections 44 and 45 of this 2023 Act] section 7, chapter 633, Oregon Laws 2025, and to pay bond-related costs. SECTION 12. Section 3, chapter 633, Oregon Law
r 633, Oregon Laws 2025, and to pay bond-related costs. SECTION 12. Section 3, chapter 633, Oregon Laws 2025, is amended to read: Sec. 3. (1) For the biennium beginning July 1, 2025, at t
746, Oregon Laws 2007, and [sections 44 42 and 45 of this 2023 Act] section 7, chapter 633, Oregon Laws 2025, and interest earnings on 43 moneys in the fund. 44 “(2) Moneys in the fund are
746, Oregon Laws 2007, and [sections 44 and 45 of this 2023 2 Act] section 7, chapter 633, Oregon Laws 2025, and to pay bond-related costs. 3 “ SECTION 12. Section 3, chapter 633, Oregon
3, Oregon Laws 2025, and to pay bond-related costs. 3 “ SECTION 12. Section 3, chapter 633, Oregon Laws 2025, is amended to read: 4 “ Sec. 3. (1) For the biennium beginning July 1, 2025,
pment and support housing and community redevelopment. SECTION 13. Section 11, chapter 633, Oregon Laws 2025, is amended to read: Sec. 11. (1) For the biennium beginning July 1, 2025, at
746, Oregon Laws 2007, and [sections 44 10 and 45 of this 2023 Act] section 7, chapter 633, Oregon Laws 2025, and interest earnings on 11 moneys in the fund. 12 (2) Moneys in the fund are
746, Oregon Laws 2007, and [sections 44 and 45 of this 2023 Act] section 7, 17 chapter 633, Oregon Laws 2025, and interest earnings on moneys in the 18 fund. 19 “(2) Moneys in the fund are
746, Oregon Laws 2007, and [sections 44 and 45 of this 2023 Act] section 7, 17 chapter 633, Oregon Laws 2025, and interest earnings on moneys in the 18 fund. 19 “(2) Moneys in the fund are
746, Oregon Laws 2007, and [sections 44 and 45 of this 2023 15 Act] section 7, chapter 633, Oregon Laws 2025, and to pay bond-related costs. 16 SECTION 12. Section 3, chapter 633, Oregon L
633, Oregon Laws 2025, and to pay bond-related costs. 16 SECTION 12. Section 3, chapter 633, Oregon Laws 2025, is amended to read: 17 Sec. 3. (1) For the biennium beginning July 1, 2025, at
746, Oregon Laws 2007, and [sections 44 and 45 of this 2023 Act] 23 section 7, chapter 633, Oregon Laws 2025, and to pay bond-related costs. 24 “SECTION 12. Section 3, chapter 633, Oregon
746, Oregon Laws 2007, and [sections 44 and 45 of this 2023 Act] 23 section 7, chapter 633, Oregon Laws 2025, and to pay bond-related costs. 24 “SECTION 12. Section 3, chapter 633, Oregon
33, Oregon Laws 2025, and to pay bond-related costs. 24 “SECTION 12. Section 3, chapter 633, Oregon Laws 2025, is amended to 25 read: 26 “ Sec. 3. (1) For the biennium beginning July 1, 202
33, Oregon Laws 2025, and to pay bond-related costs. 24 “SECTION 12. Section 3, chapter 633, Oregon Laws 2025, is amended to 25 read: 26 “ Sec. 3. (1) For the biennium beginning July 1, 202
nd support housing and 24 community redevelopment. 25 “ SECTION 13. Section 11, chapter 633, Oregon Laws 2025, is amended to read: 26 “ Sec. 11. (1) For the biennium beginning July 1, 2025,
unities and contributes to Oregon’s economic recovery. SECTION 14. Section 20, chapter 633, Oregon Laws 2025, is amended to read: Sec. 20. (1) For the biennium beginning July 1, 2025, at
and support housing and 37 community redevelopment. 38 SECTION 13. Section 11, chapter 633, Oregon Laws 2025, is amended to read: 39 Sec. 11. (1) For the biennium beginning July 1, 2025, a
ies and contributes to Oregon’s economic recovery. 41 “ SECTION 14. Section 20, chapter 633, Oregon Laws 2025, is amended to read: 42 “ Sec. 20. (1) For the biennium beginning July 1, 2025,
d support housing and community redevelop- 23 ment. 24 “SECTION 13. Section 11, chapter 633, Oregon Laws 2025, is amended to 25 read: 26 “ Sec. 11. (1) For the biennium beginning July 1, 20
d support housing and community redevelop- 23 ment. 24 “SECTION 13. Section 11, chapter 633, Oregon Laws 2025, is amended to 25 read: 26 “ Sec. 11. (1) For the biennium beginning July 1, 20
ill promote economic development and watershed health. SECTION 15. Section 37, chapter 633, Oregon Laws 2025, is repealed. SECTION 16. (1) For the biennium ending June 30, 2027, at the re
es and 8 contributes to Oregon’s economic recovery. 9 SECTION 14. Section 20, chapter 633, Oregon Laws 2025, is amended to read: 10 Sec. 20. (1) For the biennium beginning July 1, 2025, a
te eco- 13 nomic development and watershed health. 14 “ SECTION 15. Section 37, chapter 633, Oregon Laws 2025, is repealed. 15 “ SECTION 16. (1) For the biennium ending June 30, 2027, at th
ties and contributes to Oregon’s economic recovery. 15 “SECTION 14. Section 20, chapter 633, Oregon Laws 2025, is amended to 16 read: 17 “ Sec. 20. (1) For the biennium beginning July 1, 20
ties and contributes to Oregon’s economic recovery. 15 “SECTION 14. Section 20, chapter 633, Oregon Laws 2025, is amended to 16 read: 17 “ Sec. 20. (1) For the biennium beginning July 1, 20
romote economic development and 26 watershed health. 27 SECTION 15. Section 37, chapter 633, Oregon Laws 2025, is repealed. 28 SECTION 16. (1) For the biennium ending June 30, 2027, at the
promote economic development and watershed health. 8 “SECTION 15. Section 37, chapter 633, Oregon Laws 2025, is re- 9 pealed. 10 “SECTION 16. (1) For the biennium ending June 30, 2027, a
promote economic development and watershed health. 8 “SECTION 15. Section 37, chapter 633, Oregon Laws 2025, is re- 9 pealed. 10 “SECTION 16. (1) For the biennium ending June 30, 2027, a
“Digest: The Act changes law relating to borrowing by the state for certain projects. (Flesch Readability Score: 63.4). [ Digest: The Act changes lottery bonds from prior sessions. (Flesch Readability Score: 61.2). ] Modifies amounts authorized for issuance of debt instruments for the biennium. Authorizes issuance of bonds and certificates of participation for Moda Center capital improvement in the current biennium and subsequent biennium, subject to certain conditions. Modifies previously approved lottery bonding provisions. Authorizes issuance of various lottery bonds. Provides that the Oregon State University Cascades Student Health and Recreation Center project is subject to certain requirements related to apprenticeship, outreach and benefits. Declares an emergency, effective on passage.”
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