Chapter 286A — Chapter 286A
96 sections in this chapter.
ORS 286A.718 Renewable Energy Fund; purposes; rules. (1) The Renewable Energy Fund is established in the State Treasury, separate and distinct from the General Fund. Amounts in the fund may be invested as provided in ORS 293.701 to 293.857, and interest earned on the fund must be credited to the fund. Amounts credited to the fund are continuously appropriated to the State Department of Energy for the purpose described in ORS 286A.712 (2)(a) and for the purpose of paying bond-related costs. The department shall deposit in the fund
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(a) The net proceeds of Article XI-D bonds transferred pursuant to ORS 286A.712 (4); (b) Amounts appropriated or otherwise provided by the Legislative Assembly for deposit in the fund; and (c) Gifts, grants or contributions received by the department for the purpose described in …
ORS 286A.720 Payment of bond-related costs. For each biennium in which Article XI-D bonds will be outstanding, the Oregon Department of Administrative Services shall include in the Governor’s budget an amount that, when added to the amount on deposit in the Article XI-D Bond Fund and the Article XI-D Bond Administration Fund, is sufficient to pay the bond-related costs that are scheduled to come due in the biennium. [2009 c.893 §7; 2016 c.117 §48]
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PENSION LIABILITY BONDS
ORS 286A.730 Definitions for ORS 286A.730 to 286A.750. As used in ORS 286A.730 to 286A.750, unless the context requires otherwise
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(1) “Article XI-O bonds” means general obligation bonds or other general obligation indebtedness issued or incurred under the authority of Article XI-O of the Oregon Constitution. (2) “Bond administration fund” means the Article XI-O Bond Administration Fund established under ORS…
ORS 286A.735 Authority of State Treasurer to issue pension liability bonds; nature and purpose of bonds; refunding bonds. (1) Article XI-O bonds are a general obligation of the State of Oregon and must contain a direct promise on behalf of the State of Oregon to pay the principal of, the interest on and the premium, if any, on the Article XI-O bonds. The State of Oregon shall pledge its full faith and credit and taxing power to pay Article XI-O bonds; however, the ad valorem taxing power of the State of Oregon may not be pledged to pay Article XI-O bonds
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(2) The State Treasurer may issue Article XI-O bonds: (a) To finance all or a portion of the state’s pension liabilities for retirement, health care or disability benefits, in an amount that produces net proceeds that do not exceed the State Treasurer’s estimate of those liabilit…
ORS 286A.740 Article XI-O Bond Fund; purposes. (1) The Article XI-O Bond Fund is established in the State Treasury, separate and distinct from the General Fund. Interest earned on the bond fund must be credited to the bond fund. Amounts credited to the bond fund are continuously appropriated to the Oregon Department of Administrative Services for the purpose of paying, when due, the principal of, the interest on and the premium, if any, on outstanding Article XI-O bonds. The Oregon Department of Administrative Services shall credit to the bond fund
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(a) Capitalized or accrued interest on Article XI-O bonds; (b) Amounts appropriated or otherwise provided by the Legislative Assembly for deposit in the bond fund; (c) Reserves established for the payment of Article XI-O bonds; and (d) Amounts received in payment of a bill for bo…
ORS 286A.745 Article XI-O Bond Administration Fund; purposes. (1) The Article XI-O Bond Administration Fund is established in the State Treasury, separate and distinct from the General Fund. Interest earned on the bond administration fund must be credited to the bond administration fund. Amounts credited to the bond administration fund are continuously appropriated to the Oregon Department of Administrative Services for payment of bond-related costs. The department shall credit to the bond administration fund
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(a) Proceeds of Article XI-O bonds that were issued to pay bond-related costs that are not credited to the bond fund; (b) Amounts appropriated or otherwise provided by the Legislative Assembly for deposit in the bond administration fund; and (c) Amounts received in payment of a b…
ORS 286A.750 Terms and conditions of pension liability bonds. (1) In accordance with the applicable provisions of this chapter, the State Treasurer, after consulting with the Director of the Oregon Department of Administrative Services, may issue Article XI-O bonds from time to time for the purposes described in ORS 286A.735 (2)
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(2) Article XI-O bonds may be issued and sold as provided in this chapter. (3) Subject to the approval of the State Treasurer, the Director of the Oregon Department of Administrative Services may: (a) Enter into agreements with a trustee or escrow agent regarding the use and appl…
ORS 286A.760 Definitions for ORS 286A.760 to 286A.772. As used in ORS 286A.760 to 286A.772, unless the context requires otherwise
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(1) “Article XI-M bonds” means general obligation bonds or other general obligation indebtedness issued or incurred under the authority of Article XI-M of the Oregon Constitution. (2) “Bond administration fund” means the Article XI-M Bond Administration Fund established under ORS…
ORS 286A.762 Authority of State Treasurer to issue bonds. (1) Article XI-M bonds are a general obligation of the State of Oregon and must contain a direct promise on behalf of the State of Oregon to pay the principal of, the interest on and the premium, if any, on the Article XI-M bonds. The State of Oregon shall pledge its full faith and credit and taxing power to pay Article XI-M bonds, except that the ad valorem taxing power of the State of Oregon may not be pledged to pay Article XI-M bonds
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(2) The State Treasurer, with the concurrence of the Director of the Oregon Business Development Department, may issue Article XI-M bonds as provided in this chapter, subject to the limit on bond issuance established for the particular biennium pursuant to ORS 286A.035 and at the…
ORS 286A.764 Article XI-M Bond Fund; purposes. (1) The Article XI-M Bond Fund is established in the State Treasury, separate and distinct from the General Fund. Amounts in the bond fund may be invested as provided in ORS 293.701 to 293.857, and interest earned on the bond fund must be credited to the bond fund. Amounts credited to the bond fund are continuously appropriated to the Oregon Department of Administrative Services for the purpose of paying, when due, the principal of, the interest on and the premium, if any, on outstanding Article XI-M bonds. The department shall deposit in the bond fund
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(a) Capitalized or accrued interest on Article XI-M bonds; (b) Amounts appropriated or otherwise provided by the Legislative Assembly for deposit in the bond fund; and (c) Reserves established for the payment of Article XI-M bonds. (2) The department may create separate accounts …
ORS 286A.766 Article XI-M Bond Administration Fund; purposes. (1) The Article XI-M Bond Administration Fund is established in the State Treasury, separate and distinct from the General Fund. Amounts in the bond administration fund may be invested as provided in ORS 293.701 to 293.857, and interest earned on the bond administration fund must be credited to the bond administration fund. Amounts credited to the bond administration fund are continuously appropriated to the Oregon Department of Administrative Services for payment of bond-related costs. The department shall credit to the bond administration fund
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(a) Proceeds of Article XI-M bonds that were issued to pay bond-related costs; (b) Amounts appropriated or otherwise provided by the Legislative Assembly for deposit in the bond administration fund; and (c) Amounts transferred from the Education Seismic Fund by the Oregon Busines…
ORS 286A.768 Education Seismic Fund; purposes; rules. (1) The Education Seismic Fund is established in the State Treasury, separate and distinct from the General Fund. Amounts in the seismic fund may be invested as provided in ORS 293.701 to 293.857, and interest earned on the seismic fund must be credited to the seismic fund. Amounts credited to the seismic fund are continuously appropriated to the Oregon Business Development Department for the purpose described in ORS 286A.762 (2) and for the purpose of paying bond-related costs. The department shall deposit in the seismic fund
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(a) The net proceeds of Article XI-M bonds transferred pursuant to ORS 286A.762 (3); (b) Amounts appropriated or otherwise provided by the Legislative Assembly for deposit in the seismic fund; (c) Gifts, grants or contributions received by the department for the purpose described…
ORS 286A.772 Payment of bond-related costs. For each biennium in which Article XI-M bonds will be outstanding, the Oregon Department of Administrative Services shall include in the Governor’s budget an amount that, when added to the amount on deposit in the Article XI-M Bond Fund and the Article XI-M Bond Administration Fund, is sufficient to pay the bond-related costs that are scheduled to come due in the biennium. [Formerly 286.772; 2016 c.117 §49]
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(Emergency Services Buildings)
ORS 286A.780 Definitions for ORS 286A.780 to 286A.792. As used in ORS 286A.780 to 286A.792, unless the context requires otherwise
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(1) “Article XI-N bonds” means general obligation bonds or other general obligation indebtedness issued or incurred under the authority of Article XI-N of the Oregon Constitution. (2) “Bond administration fund” means the Article XI-N Bond Administration Fund established under ORS…
ORS 286A.782 Authority of State Treasurer to issue bonds. (1) Article XI-N bonds are a general obligation of the State of Oregon and must contain a direct promise on behalf of the State of Oregon to pay the principal of, the interest on and the premium, if any, on the Article XI-N bonds. The State of Oregon shall pledge its full faith and credit and taxing power to pay Article XI-N bonds, except that the ad valorem taxing power of the State of Oregon may not be pledged to pay Article XI-N bonds
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(2) The State Treasurer, with the concurrence of the Director of the Oregon Business Development Department, may issue Article XI-N bonds as provided in this chapter, subject to the limit on bond issuance established for the particular biennium pursuant to ORS 286A.035 and at the…
ORS 286A.784 Article XI-N Bond Fund; purposes. (1) The Article XI-N Bond Fund is established in the State Treasury, separate and distinct from the General Fund. Amounts in the bond fund may be invested as provided in ORS 293.701 to 293.857, and interest earned on the bond fund must be credited to the bond fund. Amounts credited to the bond fund are continuously appropriated to the Oregon Department of Administrative Services for the purpose of paying, when due, the principal of, the interest on and the premium, if any, on outstanding Article XI-N bonds. The department shall deposit in the bond fund
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(a) Capitalized or accrued interest on Article XI-N bonds; (b) Amounts appropriated or otherwise provided by the Legislative Assembly for deposit in the bond fund; and (c) Reserves established for the payment of Article XI-N bonds. (2) The department may create separate accounts …
ORS 286A.786 Article XI-N Bond Administration Fund; purposes. (1) The Article XI-N Bond Administration Fund is established in the State Treasury, separate and distinct from the General Fund. Amounts in the bond administration fund may be invested as provided in ORS 293.701 to 293.857, and interest earned on the bond administration fund must be credited to the bond administration fund. Amounts credited to the bond administration fund are continuously appropriated to the Oregon Department of Administrative Services for payment of bond-related costs. The department shall credit to the bond administration fund
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(a) Proceeds of Article XI-N bonds that were issued to pay bond-related costs; (b) Amounts appropriated or otherwise provided by the Legislative Assembly for deposit in the bond administration fund; and (c) Amounts transferred from the Emergency Services Seismic Fund by the Orego…
ORS 286A.788 Emergency Services Seismic Fund; purposes; rules; fees. (1) The Emergency Services Seismic Fund is established in the State Treasury, separate and distinct from the General Fund. Amounts in the seismic fund may be invested as provided in ORS 293.701 to 293.857, and interest earned on the seismic fund must be credited to the seismic fund. Amounts credited to the seismic fund are continuously appropriated to the Oregon Business Development Department for the purpose described in ORS 286A.782 (2) and for the purpose of paying bond-related costs. The department shall deposit in the seismic fund
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(a) The net proceeds of Article XI-N bonds transferred pursuant to ORS 286A.782 (3); (b) Amounts appropriated or otherwise provided by the Legislative Assembly for deposit in the seismic fund; (c) Gifts, grants or contributions received by the department for the purpose described…
ORS 286A.792 Payment of bond-related costs. For each biennium in which Article XI-N bonds will be outstanding, the Oregon Department of Administrative Services shall include in the Governor’s budget an amount that, when added to the amount on deposit in the Article XI-N Bond Fund and the Article XI-N Bond Administration Fund, is sufficient to pay the bond-related costs that are scheduled to come due in the biennium. [Formerly 286.792; 2016 c.117 §50]
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SCHOOL CAPITAL MATCHING BONDS
ORS 286A.796 Definitions for ORS 286A.796 to 286A.806. As used in ORS 286A.796 to 286A.806
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(1) “Article XI-P bonds” means general obligation bonds issued under the authority of Article XI-P of the Oregon Constitution. (2) “Bond-related costs” means: (a) The costs of paying the principal of, the interest on and the premium, if any, on Article XI-P bonds. (b) The costs a…
ORS 286A.798 Authority of State Treasurer to issue bonds. (1) In accordance with the applicable provisions of ORS chapter 286A, the State Treasurer, with the concurrence of the Superintendent of Public Instruction, may issue Article XI-P bonds
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(a) At the request of the Director of the Oregon Department of Administrative Services for the purposes specified in Article XI-P of the Oregon Constitution, plus an amount determined by the State Treasurer to pay estimated bond-related costs; and (b) Subject to the budget author…
ORS 286A.800 School capital matching bond program; rules. (1) The State Board of Education shall establish by rule a program to provide school districts with matching fund grants or loans for the capital costs of school districts financed with the net proceeds of Article XI-P bonds issued under ORS 286A.796 to 286A.806. The state board shall establish, by rule, ratios for matching local moneys with grants, and ratios for matching local moneys with loans
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(2) The Department of Education, subject to rules adopted by the state board: (a) May provide matching funds only to a school district that has received voter approval for local general obligation bonds to finance capital costs. (b) May not provide financing through grants or loa…
ORS 286A.801 Matching fund grants to school districts; requirements; awards; rules. (1) The Department of Education shall administer a grant program that is financed with the net proceeds of Article XI-P bonds and that provides matching fund grants to school districts for capital costs of the school districts. Any construction, improvement, remodel, equipment, maintenance or repair of a building of a school district that is financed with a grant received under this section is not required to meet the standards specified in ORS 286A.810
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(2) A school district that seeks a grant under this section must prepare and submit a facilities assessment and a long-range facilities plan to the department with the application for the grant. (3) A school district is eligible to receive a grant under this section if: (a) The s…
ORS 286A.802 Article XI-P Bond Fund; purposes. (1) The Article XI-P Bond Fund is established in the State Treasury, separate and distinct from the General Fund. Amounts in the Article XI-P Bond Fund may be invested as provided in ORS 293.701 to 293.857, and interest earned on the bond fund must be credited to the bond fund. Amounts credited to the bond fund are continuously appropriated to the Oregon Department of Administrative Services for the purpose of paying, when due, the principal of, the interest on and the premium, if any, on outstanding Article XI-P bonds. The department shall deposit in the bond fund
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(a) Capitalized or accrued interest on Article XI-P bonds; (b) Amounts appropriated or otherwise provided by the Legislative Assembly for deposit in the bond fund; (c) Reserves established for the payment of Article XI-P bonds; and (d) Amounts transferred from the School Capital …
ORS 286A.804 Article XI-P Bond Administration Fund; purposes. (1) The Article XI-P Bond Administration Fund is established in the State Treasury, separate and distinct from the General Fund. Amounts in the Article XI-P Bond Administration Fund may be invested as provided in ORS 293.701 to 293.857, and interest earned on the bond administration fund must be credited to the bond administration fund. Amounts credited to the bond administration fund are continuously appropriated to the Oregon Department of Administrative Services for payment of bond-related costs. The department shall credit to the bond administration fund
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(a) Proceeds of Article XI-P bonds that were issued to pay bond-related costs; (b) Amounts appropriated or otherwise provided by the Legislative Assembly for deposit in the bond administration fund; and (c) Amounts transferred from the School Capital Matching Fund established und…
ORS 286A.806 School Capital Matching Fund; purposes. Pursuant to section 4, Article XI-P of the Oregon Constitution, the School Capital Matching Fund is established in the State Treasury, separate and distinct from the General Fund. Amounts in the School Capital Matching Fund may be invested as provided in ORS 286A.025 (2)(g), and interest earned on moneys in the fund must be credited to the fund. The School Capital Matching Fund consists of net proceeds of Article XI-P bonds issued under ORS 286A.796 to 286A.806, moneys from the repayment of loans by school districts and other moneys made available by the Legislative Assembly for purposes described in ORS 286A.798 (1) and the budget authorization for bond issuance established under ORS 286A.035 for the Department of Education. Moneys in the fund are continuously appropriated to the Department of Education for the purposes described in ORS 286A.798 (1) and the budget authorization. [2011 c.699 §6; 2013 c.722 §38]
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[Repealed or reserved.]
ORS 286A.808 Oregon School Capital Improvement Matching Account; purposes. (1) Pursuant to Article XI-P, section 4, of the Oregon Constitution, the Oregon School Capital Improvement Matching Account is established in the State Treasury, separate and distinct from the General Fund
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(2) Amounts in the Oregon School Capital Improvement Matching Account may be invested as provided in ORS 286A.025 (2)(g), and interest earned on moneys in the account must be credited to the account. (3) Notwithstanding ORS 286A.806, the Oregon School Capital Improvement Matching…
ORS 286A.810 LEED certification of school projects financed with Article XI-P bonds. (1) As used in this section
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(a) “Green Globes program” means a building guidance and assessment program to advance overall environmental performance and sustainability of commercial buildings established by the Green Building Initiative. (b) “LEED” means the Leadership in Energy and Environmental Design rat…
ORS 286A.816 Definitions for ORS 286A.816 to 286A.826. As used in ORS 286A.816 to 286A.826
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(1) “Article XI-Q bonds” means general obligation bonds issued under the authority of Article XI-Q of the Oregon Constitution. (2) “Bond-related costs” means: (a) The costs of paying the principal of, the interest on and the premium, if any, on Article XI-Q bonds. (b) The costs a…
ORS 286A.818 Authority of State Treasurer to issue bonds. (1) In accordance with the applicable provisions of this chapter, the State Treasurer, at the request of the Director of the Oregon Department of Administrative Services, may issue Article XI-Q bonds
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(a) For any of the purposes specified in Article XI-Q of the Oregon Constitution, plus an amount determined by the State Treasurer to pay estimated bond-related costs; and (b) Subject to the budget authorization for Article XI-Q bond issuance established under ORS 286A.035 for th…
ORS 286A.820 Article XI-Q Bond Fund; purposes. (1) The Article XI-Q Bond Fund is established in the State Treasury, separate and distinct from the General Fund. Amounts in the Article XI-Q Bond Fund may be invested as provided in ORS 293.701 to 293.857, and interest earned on the bond fund must be credited to the bond fund. Amounts credited to the bond fund are continuously appropriated to the Oregon Department of Administrative Services for the purpose of paying, when due, the principal of, the interest on and the premium, if any, on outstanding Article XI-Q bonds. The department shall deposit in the bond fund
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(a) Capitalized or accrued interest on Article XI-Q bonds; (b) Amounts appropriated or otherwise provided by the Legislative Assembly for deposit in the bond fund; (c) Reserves established for the payment of Article XI-Q bonds; (d) Amounts transferred from a project fund as provi…
ORS 286A.822 Article XI-Q Bond Administration Fund; purposes. (1) The Article XI-Q Bond Administration Fund is established in the State Treasury, separate and distinct from the General Fund. Amounts in the Article XI-Q Bond Administration Fund may be invested as provided in ORS 293.701 to 293.857, and interest earned on the bond administration fund must be credited to the bond administration fund. Amounts credited to the bond administration fund are continuously appropriated to the Oregon Department of Administrative Services for payment of bond-related costs. The department shall credit to the bond administration fund
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(a) Proceeds of Article XI-Q bonds that were issued to pay bond-related costs; (b) Amounts appropriated or otherwise provided by the Legislative Assembly for deposit in the bond administration fund; (c) Amounts transferred from a project fund as provided in ORS 286A.818 (5); and …
ORS 286A.824 Article XI-Q bond program; rules. (1) The Oregon Department of Administrative Services shall adopt procedures under which a project agency may request
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(a) Financing for real or personal property projects that may be financed with Article XI-Q bond proceeds; or (b) Refinancing of borrowings issued before December 2, 2010, that financed or refinanced real or personal property projects that would have been eligible for financing u…
ORS 286A.826 Budgeting for Article XI-Q project costs. A project agency shall request that the Governor include in the Governor’s budget for each biennium amounts that are sufficient to pay
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(1) The costs of a project financed or to be financed by the issuance of Article XI-Q bonds during the biennium; (2) Amounts billed during the biennium by the Oregon Department of Administrative Services under ORS 286A.824; and (3) The bond-related costs associated with the proje…
ORS 286A.830 Definitions for ORS 286A.830 to 286A.863. As used in ORS 286A.830 to 286A.863
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(1) “Article XI-F(1) bonds” means bonds issued under the authority of Article XI-F(1) of the Oregon Constitution for the benefit of a public university. (2) “Article XI-G bonds” means bonds issued under the authority of Article XI-G of the Oregon Constitution for the benefit of a…
ORS 286A.833 Authority of State Treasurer to issue Article XI-F(1) bonds. (1) In accordance with the applicable provisions of this chapter, the State Treasurer, with the concurrence of the Higher Education Coordinating Commission, may issue Article XI-F(1) bonds for the benefit of a public university if
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(a) The Director of the Oregon Department of Administrative Services requests that bonds be issued for the purposes specified in Article XI-F(1) of the Oregon Constitution, plus an amount determined by the State Treasurer to pay estimated bond-related costs; (b) The issuance does…
ORS 286A.836 Loan agreements for Article XI-F(1) bonds. Prior to the sale of any Article XI-F(1) bonds, except for refunding bonds, a public university and the Higher Education Coordinating Commission shall enter into a loan agreement that includes
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(1) A representation by the public university that it has revenue sufficiency for the Article XI-F(1) bonds; (2) A loan repayment schedule and a covenant of the public university to make all required loan repayment schedule payments to the commission prior to the date any bond de…
ORS 286A.839 Article XI-F(1) Bond Fund; purposes. (1) The Article XI-F(1) Bond Fund is established in the State Treasury, separate and distinct from the General Fund, or with a third party under contract with the Oregon Department of Administrative Services and approved by the State Treasurer. Moneys in the Article XI-F(1) Bond Fund may be invested as provided in ORS 286A.025 and 293.701 to 293.857, and interest earned on the fund must be credited to the fund. Moneys credited to the Article XI-F(1) Bond Fund are continuously appropriated to the department for the purpose of paying, when due, the principal of, the interest on and the premium, if any, on outstanding Article XI-F(1) bonds. The department shall deposit in the fund
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(a) Capitalized or accrued interest on Article XI-F(1) bonds; (b) Moneys, if any, appropriated or otherwise provided by the Legislative Assembly for deposit in the fund; (c) Reserves, if any, established for the payment of Article XI-F(1) bonds; (d) Moneys transferred from a proj…
ORS 286A.842 Article XI-F(1) Bond Administration Fund; purposes. (1) The Article XI-F(1) Bond Administration Fund is established in the State Treasury, separate and distinct from the General Fund, or with a third party under contract with the Oregon Department of Administrative Services and approved by the State Treasurer. Moneys in the Article XI-F(1) Bond Administration Fund may be invested as provided in ORS 286A.025 and 293.701 to 293.857, and interest earned on the fund must be credited to the fund. Moneys credited to the Article XI-F(1) Bond Administration Fund are continuously appropriated to the department for payment of bond-related costs. The department shall credit to the fund
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(a) Proceeds of Article XI-F(1) bonds that were issued to pay bond-related costs; and (b) Moneys appropriated or otherwise provided by the Legislative Assembly for deposit in the fund. (2) At the request of the department, the State Treasurer may create or cause to be created sep…
ORS 286A.845 Budgeting for Article XI-F(1) bonds. The Higher Education Coordinating Commission shall request that the Governor include in the Governor’s budget request to the Legislative Assembly for each biennium amounts that are sufficient to pay
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(1) The costs of loan agreement disbursements during the biennium to public universities for the costs of projects to be financed by the issuance of Article XI-F(1) bonds; (2) The debt service due during the biennium for any Article XI-F(1) bonds that have been or will be issued;…
ORS 286A.848 Authority of State Treasurer to issue Article XI-G bonds. (1) In accordance with the applicable provisions of this chapter, the State Treasurer, with the concurrence of the Higher Education Coordinating Commission, may issue Article XI-G bonds for the benefit of a public university or a community college if
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(a) The Director of the Oregon Department of Administrative Services requests that bonds be issued for the purposes specified in Article XI-G of the Oregon Constitution, plus an amount determined by the State Treasurer to pay estimated bond-related costs; (b) The issuance does no…
ORS 286A.851 Grant contracts for Article XI-G bonds. (1) Prior to the sale of any Article XI-G bonds, except for refunding bonds, a public university or a community college and the Higher Education Coordinating Commission must enter into a grant contract
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(2) The grant contract must include: (a) A certification that the requirement for a matching amount is satisfied; (b) Terms and conditions obligating the public university or community college to maintain any federal tax benefit related to the Article XI-G bonds and to execute an…
ORS 286A.854 Article XI-G Bond Fund; purposes. (1) The Article XI-G Bond Fund is established in the State Treasury, separate and distinct from the General Fund, or with a third party under contract with the Oregon Department of Administrative Services and approved by the State Treasurer. Moneys in the Article XI-G Bond Fund may be invested as provided in ORS 286A.025 and 293.701 to 293.857, and interest earned on the fund must be credited to the fund. Moneys credited to the Article XI-G Bond Fund are continuously appropriated to the department for the purpose of paying, when due, the principal of, the interest on and the premium, if any, on outstanding Article XI-G bonds. The department shall deposit in the fund
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(a) Capitalized or accrued interest on Article XI-G bonds; (b) Moneys appropriated or otherwise provided by the Legislative Assembly for deposit in the fund; (c) Reserves, if any, established for the payment of Article XI-G bonds; (d) Moneys transferred from a project fund under …
ORS 286A.857 Article XI-G Bond Administration Fund; purposes. (1) The Article XI-G Bond Administration Fund is established in the State Treasury, separate and distinct from the General Fund, or with a third party under contract with the Oregon Department of Administrative Services and approved by the State Treasurer. Moneys in the Article XI-G Bond Administration Fund may be invested as provided in ORS 286A.025 and 293.701 to 293.857, and interest earned on the fund must be credited to the fund. Moneys credited to the Article XI-G Bond Administration Fund are continuously appropriated to the department for payment of bond-related costs. The department shall credit to the fund
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(a) Proceeds of Article XI-G bonds that were issued to pay bond-related costs; and (b) Moneys appropriated or otherwise provided by the Legislative Assembly for deposit in the fund. (2) At the request of the department, the State Treasurer may create or cause to be created separa…
ORS 286A.860 Budgeting for Article XI-G bonds. The Higher Education Coordinating Commission shall request that the Governor include in the Governor’s budget request to the Legislative Assembly for each biennium amounts that are sufficient to pay
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(1) The costs of grant contract disbursements during the biennium for any projects to be financed by the issuance of Article XI-G bonds; (2) The debt service due during the biennium for any Article XI-G bonds that have been or will be issued; (3) Amounts billed during the bienniu…
ORS 286A.863 Rules; billing of public universities and community colleges; agreements with Oregon Health and Science University. (1) The Oregon Department of Administrative Services may, in consultation with the Higher Education Coordinating Commission, adopt rules for the purpose of carrying out ORS 286A.830 to 286A.863, including, but not limited to, establishing
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(a) Fees and costs to be paid by public universities or community colleges for administration of higher education bonds, including reasonable fees and expenses of the State Treasurer as provided in ORS 286A.014; (b) The form, content and timing of information to be submitted by p…