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OregonSB 57012026 Regular SessionSenateWALLET

Relating to state financial administration; and declaring an emergency.

Sponsored By: Sponsor information unavailable

Became Law

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Bill Overview

Analyzed Economic Effects

10 provisions identified: 7 benefits, 0 costs, 3 mixed.

Bonds to upgrade the Moda Center

The State Treasurer can finance Moda Center and plaza upgrades. Up to $200 million is available from bonds or certificates, plus up to $1.4 million for costs, within a shared cap. For the 2027–2029 biennium, up to $165 million is available, plus up to $1.2 million for costs, within a shared cap. Money goes to the Oregon Arena Fund. Issuance occurs only after the law’s listed prerequisites are met.

Large state borrowing for 2025–2027 projects

The state authorizes $2.501 billion in general obligation bonds for 2025–2027. It also authorizes $5.206 billion in revenue bonds ($2.304 billion direct and $2.902 billion pass‑through). It revises 2023–2025 general obligation bonds to $2.401 billion. DAS financing agreements rise to $33.0 million. This funds capital projects statewide and increases debt the state must repay over time.

New funding for community and business hubs

The state invests in community and small business spaces. $4.0 million upgrades the Native American Youth and Family Center. $1.75 million creates Casa Mariposa community resiliency space and a small business incubator. $11.5 million builds a Williams & Russell business hub.

More funding for local water and sewer

The state issues lottery bonds and sends the money to cities for water and sewer upgrades. Eugene gets $11 million for wastewater expansion. Other projects include $5 million for a new Silverton plant and $4.27 million for a new Chiloquin plant. Many other towns receive $1–$4 million for water lines, sewers, and treatment plants. These investments improve clean water and wastewater service.

Levee repairs and Coos Bay upgrades

Lottery bonds provide $20 million for levee repairs along the Columbia River from Sauvie Island to Troutdale. Another $20 million goes to deepen and widen the Coos Bay navigation channel and for related design, permits, and land needs. The Coos Bay Channel Fund includes these transfers and interest and is continuously appropriated to the Business Development Department to pay project and bond costs.

Help to clean up sites for jobs

The state funds cleanup and site‑readiness for jobs. $5.0 million goes to the Brownfields Redevelopment Fund and $5.0 million to the Oregon Brownfield Properties Revitalization Fund. $20.0 million goes to the Industrial Site Loan Fund to prepare land for industry.

New worker rules on university projects

Public university construction contracts of $200,000 or more must meet new labor rules. At least 15% of work hours in apprenticeable trades must be done by apprentices. Contractors must run outreach and retention plans for women, minority individuals, and veterans, aiming for 15% of hours. Contractors and covered subcontractors must provide health insurance and retirement benefits. Universities report each year by February 1 on hours and benefits.

Local street, airport, and fire station upgrades

$1.5 million upgrades Alpine Avenue in McMinnville. $1.35 million funds site work and terminal expansion at Salem’s McNary Field. $1.1 million helps the Central Oregon Coast Fire and Rescue District acquire and improve a fire station.

New Clackamas addiction treatment facility funding

The state provides $5.0 million to Clackamas County. The money builds a substance use disorder treatment facility. This expands local treatment capacity.

More affordable and workforce housing projects

The state funds new affordable and workforce homes. $1.4 million builds Cathedral Park Cohousing. $2.5 million supports design and construction of Whale Watch affordable housing. $3.0 million funds site work and modular workforce housing through the R3 Strategies Consortium.

Sponsors & Cosponsors

Sponsors

There is no primary sponsor on record.

Cosponsors

  • Ways and Means

    Affiliation unavailable

Roll Call Votes

All Roll Calls

Yes: 122 • No: 6

Senate vote • 3/6/2026

Third reading. Carried by Girod. Passed.

Yes: 25 • No: 2

House vote • 3/6/2026

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

Yes: 49 • No: 4

legislature vote • 3/3/2026

Ways and Means: Heard and Reported Out with Amendments

Yes: 48 • No: 0

Actions Timeline

  1. Effective date, April 7, 2026.

    4/14/2026Senate

  2. Chapter 136, 2026 Laws.

    4/14/2026Senate

  3. Governor signed.

    4/7/2026Senate

  4. Speaker signed.

    3/10/2026House

  5. President signed.

    3/10/2026Senate

  6. Rules suspended. Third reading. Carried by Nosse. Passed.

    3/6/2026House

  7. Rules suspended. Second reading.

    3/6/2026House

  8. Recommendation: Do pass.

    3/6/2026House

  9. Referred to Ways and Means.

    3/6/2026House

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

    3/6/2026House

  11. Third reading. Carried by Girod. Passed.

    3/6/2026Senate

  12. Second reading.

    3/5/2026Senate

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

    3/4/2026Senate

  14. Returned to Full Committee.

    3/3/2026Senate

  15. Work Session held.

    3/3/2026Senate

  16. Work Session held.

    3/3/2026Senate

  17. Public Hearing held.

    2/13/2026Senate

  18. Assigned to Subcommittee On Capital Construction.

    2/9/2026Senate

  19. Referred to Ways and Means.

    2/9/2026Senate

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

    2/9/2026Senate

Bill Text

  • Enrolled

    3/6/2026

    PDF

  • A-Engrossed

    3/4/2026

    PDF

  • Senate Amendments to Introduced

    3/4/2026

    PDF

  • JWM Amendment -2 (Adopted)

    3/3/2026

    PDF

  • JWMCC Amendment -2 (Proposed)

    3/3/2026

    PDF

  • Introduced

    2/6/2026

    PDF

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