PRIA Logo™
OregonSB 55052025 Regular SessionSenateWALLET

Relating to state financial administration; and declaring an emergency.

Sponsored By: Sponsor information unavailable

Signed by Governor

Personalized for You

How does this bill affect your finances?

Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.

Free to download

Bill Overview

Analyzed Economic Effects

5 provisions identified: 3 benefits, 1 costs, 1 mixed.

Oregon authorizes billions for public projects

Beginning July 1, 2025, Oregon can issue $2.34029 billion in general obligation bonds for the 2025–2027 budget period. The law also authorizes $5.1215152 billion in revenue bonds during that period. That includes $2.2195152 billion in direct bonds and $2.902 billion in pass-through bonds. This financing supports listed housing, college, transportation, business development, and state building projects. The law does not set direct household payments.

Annual bond capacity supports housing and businesses

The law allocates $550.33654 million in private activity bond capacity for each of 2026 and 2027. Each year, Housing and Community Services receives $450 million, industrial development receives $40 million, and farmer loans receive $1 million. The Private Activity Bond Committee receives the remaining $59.33654 million each year. Federal limit increases caused by Oregon population growth, a sufficient Consumer Price Index increase, or federal law changes go to the committee. These allocations support program financing, not direct household payments.

State agency gains additional financing authority

Oregon's Department of Administrative Services can arrange $13.03791 million in financing during the 2025–2027 budget period. It can use certificates of participation and other financing agreements. This authority does not establish a direct household payment or a specific household service change.

Community colleges face new borrowing limits

Before Oregon issues Article XI-G project bonds, the college's constructing authority must certify matching funds for the same or similar purposes. Those funds must at least equal the state bond debt and cannot come from state debt under another constitutional article. Colleges with projects approved by this law cannot request another Article XI-G project before the 2029 regular legislative session begins. Withdrawing the approved project removes that request limit. For each two-year budget period beginning on or after July 1, 2025, authorizations are capped at $12 million per college.

State project financing comes with limits

The State Treasurer can issue Article XI-Q bonds from the specified project allocation. Net proceeds are limited to $2.5 million, plus estimated bond-related costs. The bonds must follow the purposes and issuance rules in section 8 of chapter 705, Oregon Laws 2013. Bonds from this allocation can be issued only through this authority.

Sponsors & Cosponsors

Sponsors

There is no primary sponsor on record.

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 97 • No: 2

Senate vote • 6/27/2025

Rules suspended. Third reading. Carried by Girod. Passed.

Yes: 27 • No: 2

House vote • 6/27/2025

Rules suspended. Third reading as Special Order of Business. Carried by Nosse. Passed.

Yes: 50 • No: 0

legislature vote • 6/24/2025

Ways and Means: Heard and Reported Out with Amendments

Yes: 20 • No: 0

Actions Timeline

  1. Effective date, August 7, 2025.

    8/13/2025Senate

  2. Chapter 630, 2025 Laws.

    8/13/2025Senate

  3. Governor signed.

    8/7/2025Senate

  4. Speaker signed.

    6/30/2025House

  5. President signed.

    6/30/2025Senate

  6. Rules suspended. Third reading as Special Order of Business. Carried by Nosse. Passed.

    6/27/2025House

  7. Rules suspended. Made a Special Order of Business immediately.

    6/27/2025House

  8. Rules suspended. Second reading.

    6/27/2025House

  9. Recommendation: Do pass.

    6/27/2025House

  10. Referred to Ways and Means.

    6/27/2025House

  11. First reading. Referred to Speaker's desk.

    6/27/2025House

  12. Rules suspended. Third reading. Carried by Girod. Passed.

    6/27/2025Senate

  13. Second reading.

    6/27/2025Senate

  14. (Amendments distributed.)

    6/27/2025Senate

  15. Recommendation: Do pass with amendments. (Printed A-Eng.)

    6/27/2025Senate

  16. Work Session held.

    6/24/2025Senate

  17. Returned to Full Committee.

    6/24/2025Senate

  18. Work Session held.

    6/24/2025Senate

  19. Public Hearing held.

    4/18/2025Senate

  20. Assigned to Subcommittee On Capital Construction.

    1/18/2025Senate

  21. Referred to Ways and Means.

    1/17/2025Senate

  22. Introduction and first reading. Referred to President's desk.

    1/13/2025Senate

Bill Text

  • JWM Amendment -2 (Adopted)

    6/24/2025

    PDF

  • JWMCC Amendment -2 (Proposed)

    6/24/2025

    PDF

  • A-Engrossed

    PDF

  • Enrolled

    PDF

  • Introduced

    PDF

  • Senate Amendments to Introduced

    PDF

Related Bills

Back to State Legislation