Oregon legislation · 2026 Legislative Measures
Oregon SB5701: Relating to state financial administration; and declaring an emergency.
Status: Chaptered, April 14, 2026
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.
What the bill says
From the enrolled text, March 6, 2026:
83rd OREGON LEGISLATIVE ASSEMBLY--2026 Regular Session Senate Bill 5701 Sponsored by JOINT COMMITTEE ON WAYS AND MEANS (at the request of Senator Kate Lieber) CHAPTER ................................................. Relating to state financial administration; creating new provisions; amending section 15, chapter 746, Oregon Laws 2007, section 1, chapter 596, Oregon Laws 2023, section 44, chapter 599, Oregon Laws 2023, sections 1, 2, and 12, chapter 630, Oregon Laws 2025, and sections 3, 7, and 20, chapter 633, Oregon Laws 2025; repealing section 37, chapter 633, Oregon Laws 2025; and declaring an emergency. SECTION 1. Section 1, chapter 630, Oregon Laws 2025, is amended to read: Sec. 1. The amounts authorized, as provided by ORS 286A.035, for issuance of general obligation bonds of the state during the 2025-2027 biennium are as follows: GENERAL OBLIGATION BONDS General Fund Obligations (1) Higher Education Coordinating Commission (Art. XI-G): (a) Clackamas Community College, Center for Excellence for Farming, Horticulture and Wildland Fire.................................. $ 8,085,000 (b) Klamath Community College, Cosmetology ADA Remediation..................................... $ 4,045,000 (c) Mt. Hood Community College, Classroom and Lab Renovations..................................... $ 8,085,000 (d) Clatsop Community College, Maritime Science Building........... $ 7,985,000 (e) Southwestern Oregon Community College, [Student] [Uplift and Collaboration] [Create Expanded Support] [Success............................................. $ 8,085,000] Welding and Manufacturing Enrolled Senate Bill 5701 (SB 5701-A) Page 1 Trades Center......................... $ 5,070,000 (f) Portland State University, Portland …