Bill Text: OR HB3338 | 2011 | Regular Session | Enrolled
Bill Title: Relating to general obligation bonds; and declaring an emergency.
Spectrum: Committee Bill
Status: (Passed) 2011-03-08 - Chapter 2, (2011 Laws): Effective date March 8, 2011. [HB3338 Detail]
Download: Oregon-2011-HB3338-Enrolled.html
76th OREGON LEGISLATIVE ASSEMBLY--2011 Regular Session
Enrolled
House Bill 3338
Sponsored by JOINT COMMITTEE ON WAYS AND MEANS
CHAPTER ................
AN ACT
Relating to general obligation bonds; creating new provisions;
amending ORS 341.725, 341.728, 341.735, 341.751, 341.753,
341.755, 341.757, 341.759, 341.762, 341.764, 341.766, 341.768,
341.771, 341.773, 341.775, 341.777, 341.779, 341.782, 341.784,
341.787, 351.153, 351.160, 351.170, 351.356, 351.450, 351.455,
351.460, 351.507, 351.508, 351.509, 351.511, 351.516, 351.517,
351.518, 351.519, 351.521, 351.532, 351.538, 351.539 and
351.628 and sections 11, 12, 13, 14, 15, 16 and 17, chapter
761, Oregon Laws 2007, sections 6, 7, 11, 12 and 13, chapter 2,
Oregon Laws 2009, and sections 14, 15, 16, 17, 18, 19, 20, 21,
22, 23 and 24, chapter 904, Oregon Laws 2009; repealing ORS
351.470; and declaring an emergency.
Be It Enacted by the People of the State of Oregon:
SECTION 1. { + (1) The Legislative Assembly finds that:
(a) Article XI-F(1) of the Oregon Constitution permits the
state to incur general obligation bonded indebtedness to finance
higher education projects.
(b) Article XI-G of the Oregon Constitution permits the state
to incur general obligation bonded indebtedness to finance
projects for higher education institutions or activities and
community colleges.
(c) An amendment to Articles XI-F(1) and XI-G of the Oregon
Constitution was approved by the people at a special election
held on the date of the primary election in May 2010.
(d) The amendment requires the Legislative Assembly to
determine that projects financed under Article XI-F(1) or XI-G of
the Oregon Constitution either benefit higher education
institutions or activities or benefit community colleges
authorized by law to receive state aid.
(2) To permit the issuance of general obligation bonds under
Article XI-F(1) or XI-G of the Oregon Constitution for projects
that the Legislative Assembly approved prior to the effective
date of the amendment to Articles XI-F(1) and XI-G of the Oregon
Constitution, the Legislative Assembly determines that:
(a) The projects that the Legislative Assembly approved for
financing under Article XI-F(1) or XI-G of the Oregon
Constitution prior to the effective date of the amendment to
Articles XI-F(1) and XI-G of the Oregon Constitution for higher
education benefit higher education institutions or activities;
and
(b) The projects that the Legislative Assembly approved for
financing under Article XI-G of the Oregon Constitution prior to
Enrolled House Bill 3338 (HB 3338-INTRO) Page 1
the effective date of the amendment to Article XI-G of the Oregon
Constitution for community colleges benefit community colleges
authorized by law to receive state aid. + }
SECTION 2. { + (1) The Legislative Assembly finds that:
(a) Article XI-G of the Oregon Constitution, including the
amendment approved by the people at a special election held on
the date of the primary election in May 2010, requires that the
amount of any general obligation bonded indebtedness incurred
under Article XI-G of the Oregon Constitution be matched by an
amount that is at least equal to the amount of the indebtedness.
(b) The matching amount required under Article XI-G of the
Oregon Constitution may consist of moneys appropriated from the
General Fund or any other moneys available to the constructing
authority for such purposes.
(c) Prior to the effective date of the amendment to Article
XI-G of the Oregon Constitution, Article XI-G of the Oregon
Constitution required matching amounts to be appropriated from
the General Fund. To satisfy this requirement, the Legislative
Assembly created separate matching accounts in the General Fund
to hold matching amounts for each project that was authorized to
receive financing under Article XI-G of the Oregon Constitution.
(d) Appropriating matching amounts from the General Fund
artificially inflates the General Fund and interferes with
efficient application of matching amounts to projects approved by
the Legislative Assembly.
(2) To eliminate unnecessary inflation of the General Fund and
to allow more efficient application of matching amounts, the
Legislative Assembly determines that the matching amount for each
project that the Legislative Assembly approved for financing
under Article XI-G of the Oregon Constitution prior to the
effective date of the amendment to Article XI-G of the Oregon
Constitution, but that has not yet been financed under Article
XI-G of the Oregon Constitution:
(a) May consist of a deposit to a fund or account of a state
agency, or a deposit to a fund or account held by an escrow
agent, a commercial bank or a private financial institution, if
the moneys deposited are obligated to pay for costs of the
project.
(b) May consist of a grant agreement, contract or other
intergovernmental agreement that obligates a federal, state or
local governmental entity to provide funds for the project. The
matching amount provided by a grant agreement, contract or other
intergovernmental agreement is considered to be the total amount
of funds the constructing authority reasonably expects to receive
from the agreement or contract and have available for the
project.
(c) Is not required to be deposited in a General Fund matching
account created by the Legislative Assembly prior to the
effective date of the amendment to Article XI-G of the Oregon
Constitution.
(3) To ensure that the types and sources of funds that the
Legislative Assembly approved prior to the effective date of the
amendment to Article XI-G of the Oregon Constitution for use as
matching amounts are used as expected by the Legislative
Assembly, matching amounts for each project approved under
Article XI-G of the Oregon Constitution prior to the effective
date of the amendment to Article XI-G of the Oregon Constitution
may consist only of the types and sources of funds that the
Legislative Assembly approved prior to the effective date of the
amendment to Article XI-G of the Oregon Constitution for deposit
Enrolled House Bill 3338 (HB 3338-INTRO) Page 2
in the General Fund matching account created for that
project. + }
SECTION 3. ORS 341.725 is amended to read:
341.725. (1) The Community College Capital Construction Fund is
established separate and distinct from the General Fund.
Interest earned on moneys in the Community College Capital
Construction Fund shall be credited to the fund.
(2) Moneys in the Community College Capital Construction Fund
are appropriated continuously to the Department of Community
Colleges and Workforce Development and may be disbursed by the
department { - to construct, improve, repair, equip and furnish
buildings, structures and projects, or parts thereof, and to
purchase or improve sites therefor, at community colleges - }
{ + for the purposes described in section 1 (2), Article XI-G of
the Oregon Constitution + } pursuant to grant agreements entered
into between the department and community college districts under
ORS 341.735.
SECTION 4. ORS 341.728 is amended to read:
341.728. (1) The Community College Bond Building Fund is
established separate and distinct from the General Fund.
(2) The Community College Bond Building Fund shall consist of
moneys realized from the sale of bonds issued pursuant to Article
XI-G of the Oregon Constitution for the benefit of community
college districts under ORS 341.721.
(3) Moneys in the Community College Bond Building Fund are
appropriated continuously to the Department of Community Colleges
and Workforce Development and may be disbursed by the department
{ - to construct, improve, repair, equip and furnish buildings,
structures and projects, or parts thereof, and to purchase or
improve sites therefor, at community colleges - } { + for the
purposes described in section 1 (2), Article XI-G of the Oregon
Constitution, including payment of costs related to issuing bonds
and payment of debt service on bonds, + }pursuant to grant
agreements entered into between the department and community
college districts under ORS 341.735.
(4) Moneys in the Community College Bond Building Fund may be
invested as provided in ORS 286A.025 until needed for
disbursement under subsection (3) of this section. If a surplus
remains in the fund after disbursement, the surplus and earnings
from temporary investments shall be credited to the Community
College Bond Sinking Fund.
SECTION 5. ORS 341.735 is amended to read:
341.735. (1) For the purposes of distributing moneys held in
the Community College Capital Construction Fund and the Community
College Bond Building Fund, the Department of Community Colleges
and Workforce Development shall enter into grant agreements with
each community college district for whose projects moneys have
been appropriated from the General Fund and are held pending
disbursement of the moneys. The grant agreements shall obligate
the department to distribute to each community college district
any funds the district provides to the state to provide a General
Fund match as required by Article XI-G of the Oregon Constitution
and shall also obligate the department to distribute to each
community college district any amounts that are credited to the
Community College Bond Building Fund for a project of the
district. The department may impose reasonable conditions and
reporting and accounting requirements in a grant agreement
described in this section that are intended to ensure that the
amounts distributed from the funds listed in this subsection will
be used for the projects for which the amounts were distributed.
Enrolled House Bill 3338 (HB 3338-INTRO) Page 3
(2) The grant agreements shall also require that each community
college district that receives amounts from the funds listed in
subsection (1) of this section shall:
(a) Return to the state any amounts distributed from the
Community College Bond Building Fund that are not required to
complete the project of that district. { + Except as provided in
this paragraph, + }the department shall credit the returned
amounts to the Community College Bond Sinking Fund. { + If the
department, with the approval of the State Treasurer, determines
that the state's costs may be reduced by applying the returned
amounts to other projects in lieu of issuing additional bonds for
those projects, the returned amounts may be credited to the
Community College Bond Building Fund. + }
(b) Take any action as determined by the state's bond counsel
that is necessary to maintain the excludability of the interest
paid by the state on the general obligation bonds that the state
issues pursuant to Article XI-G of the Oregon Constitution to
fund the Community College Bond Building Fund { + , that is
necessary to obtain or maintain the ability of the state to
receive federal interest subsidies on those bonds or that is
necessary to obtain or maintain any other tax-advantaged
treatment under the Internal Revenue Code + }.
(3) The department may collect fees from community college
districts that receive moneys under a grant agreement entered
into under this section to cover the costs relating to the
administration of the distribution of proceeds from general
obligation bonds issued pursuant to Article XI-G of the Oregon
Constitution to finance community college district projects and
for executing the responsibilities of the department under the
grant agreement. The department shall deposit any moneys
collected under this subsection in the Department of Community
Colleges and Workforce Development Account.
SECTION 6. ORS 351.450 is amended to read:
351.450. (1) { + Except as provided in ORS 351.460, + }the
moneys realized from sales of bonds { - issued to construct,
improve, repair, equip and furnish buildings and other structures
for higher education, and to purchase and improve sites
therefor, - } { + authorized by Article XI-F(1) and Article
XI-G of the Oregon Constitution for the Oregon University System
+ }shall be credited to a designated account in the Oregon
University System Fund established by ORS 351.506.
(2) The account designated by this section shall have:
(a) A separate subaccount for the credit of moneys realized
from sales of bonds issued pursuant to Article XI-F(1) of the
Oregon Constitution and ORS 351.350;
(b) A separate subaccount for the credit of moneys realized
from sales of bonds issued pursuant to Article XI-G of the Oregon
Constitution and ORS 351.345; and
(c) A separate subaccount for the credit of moneys realized
from the sales of revenue bonds issued pursuant to ORS chapter
286A.
{ - (3) The moneys received from the issuance of temporary
bonds under ORS 351.470 for the purpose of interim financing
pending the sale of the bonds shall also be credited to the
appropriate subaccount of the account designated by this
section. - }
{ - (4) - } { + (3) + } The moneys in the account
designated by this section shall be { + invested as provided in
ORS 286A.025. + } { - used for the purpose of defraying the
costs of the projects to be financed through sale of the bonds
Enrolled House Bill 3338 (HB 3338-INTRO) Page 4
and for the purpose of retiring temporary bonds issued under ORS
351.470 and may not be used for any other purpose unless
designated for investment by the Chancellor of the Oregon
University System. If a surplus remains after application to the
purposes described in this subsection, the surplus and earnings
from temporary investments shall be credited to the account
maintained in the Oregon University System Fund under ORS
351.460. - }
SECTION 7. ORS 351.455 is amended to read:
351.455. { - Notwithstanding any other provisions of law, the
Oregon University System may expend moneys from the appropriate
subaccount of the account in the Oregon University System Fund
designated by ORS 351.450, including moneys realized from the
sale of bonds issued pursuant to Article XI-F(1) of the Oregon
Constitution and ORS 351.350, and from the sale of revenue bonds
authorized by ORS 351.315, for the planning, constructing,
altering, repairing, furnishing and equipping of buildings and
facilities of the kind and character prescribed by Article
XI-F(1) of the Oregon Constitution and for the acquisition of
land. - }
{ + (1) Proceeds of bonds issued pursuant to Article XI-F(1)
of the Oregon Constitution and interest earnings on those
proceeds shall be deposited in the appropriate subaccount of the
account designated by ORS 351.450 and expended for the purposes
described in Article XI-F(1) of the Oregon Constitution,
including payment of costs related to issuing those bonds and
debt service on those bonds.
(2) Proceeds of bonds issued pursuant to Article XI-G of the
Oregon Constitution for the Oregon University System and interest
earnings on those proceeds shall be deposited in the appropriate
subaccount of the account designated by ORS 351.450 and expended
for the purposes described in Article XI-G of the Oregon
Constitution, including payment of costs related to issuing those
bonds and debt service on those bonds. + }
SECTION 8. ORS 351.460 is amended to read:
351.460. (1) The State Board of Higher Education shall maintain
an account within the Oregon University System Fund established
by ORS 351.506 to provide for the payment of the principal of and
the interest upon:
(a) The bonds issued under authority of Article XI-F(1) of the
Oregon Constitution and ORS 351.350;
(b) The bonds issued under authority of Article XI-G of the
Oregon Constitution and ORS 351.345;
(c) Revenue bonds authorized by ORS 351.315; and
(d) Amounts due under financial agreements entered into under
ORS 351.356.
(2) The account maintained under this section comprises one
subaccount for each of the purposes of the account identified in
subsection (1) of this section.
(3) Income and interest derived from moneys in the subaccounts
of the account maintained under this section are credited to the
appropriate subaccount.
(4) The sources of moneys for the account maintained under this
section are:
(a) All moneys received from ad valorem taxes levied pursuant
to ORS 291.445;
(b) All moneys that the Legislative Assembly may provide in
lieu of such taxes;
Enrolled House Bill 3338 (HB 3338-INTRO) Page 5
{ - (c) All of the net revenues received from the projects or
undertakings for the financing of which the bonds were issued,
including gifts, grants and building fees; - }
{ - (d) Unpledged revenues of buildings and projects of like
character that are allocated by the board; - }
{ + (c) The revenues transferred to the account maintained
under this section pursuant to subsection (6) of this
section; + }
{ - (e) - } { + (d) + } All moneys received as accrued
interest upon bonds sold;
{ - (f) - } { + (e) + } All earnings from investments of
the account;
{ - (g) - } { + (f) + } { - All - } { + Net + }
proceeds of the sale of refunding bonds; and
{ - (h) - } { + (g) + }All moneys that the State of Oregon
has agreed to hold in the account to pay amounts due under
financial agreements entered into under ORS 351.356.
(5) The board may credit the account maintained under this
section with moneys received from either a sale or interfund
transfer of { - land, buildings and facilities - } { +
buildings, structures, land or other projects + }. When the
{ - land, buildings or facilities - } { + buildings,
structures, land or other projects + } are sold or the use of the
{ - land, buildings or facilities - } { + buildings,
structures, land or other projects + } is rededicated so that a
transfer from one subaccount to another subaccount is
appropriate, the moneys received shall be credited to the
appropriate subaccount.
(6) { + (a) + } The board shall { - apply student building
fees, revenues, gifts and grants for the payment of - }
{ + transfer revenues to the account maintained under this
section in amounts sufficient to pay, when due, + } the principal
of and the interest { + and any premium + } upon the bonds
issued under authority of Article XI-F(1) of the Oregon
Constitution and upon revenue bonds authorized by ORS 351.315
{ - until such time as the proper subaccount and investments of
the subaccount, as supplemented by expected future income will,
in the judgment of the board, be sufficient to meet in full the
principal of and the interest upon all such outstanding bonds.
Except for student building fees, income - } { + . Revenues + }
not required for the account as described in this subsection
shall be transferred to other accounts and subaccounts within the
Oregon University System Fund that are designated by the
{ - board - } { + Chancellor of the Oregon University
System + }. { - Student building fees for buildings constructed
from the proceeds of bonds issued under Article XI-F(1) of the
Oregon Constitution or ORS 351.315 shall be applied only to those
bonds authorized under Article XI-F(1) of the Oregon Constitution
or ORS 351.315. - } { + The portion of student building fees
that are imposed under ORS 351.170 to provide the funds with
which to amortize the principal of and pay the interest on bonds
issued under Article XI-F(1) of the Oregon Constitution shall be
applied only to pay those bonds.
(b) For purposes of this subsection, 'revenues' includes all
funds available to the board except:
(A) Amounts appropriated by the Legislative Assembly from the
General Fund; and
(B) Lottery funds allocated for debt service. + }
Enrolled House Bill 3338 (HB 3338-INTRO) Page 6
(7)(a) The board may not use the account maintained under this
section for any purpose other than the purposes for which the
account was created.
(b) Notwithstanding paragraph (a) of this subsection, { + if
the balance in any subaccount exceeds the amount required to pay
debt service during a fiscal period, + } the board may transfer
{ - any - } { + the + } surplus in the { - account - }
{ + subaccount + } to other accounts in the Oregon University
System Fund { + . This paragraph does not apply to any surplus
consisting of General Fund moneys appropriated for debt service
or lottery funds allocated for debt service. Any surplus
consisting of General Fund moneys appropriated for debt service
shall revert to the General Fund as provided in ORS 293.190. + }
{ - if a balance remains in the account from sources other than
student building fees for buildings constructed from the proceeds
of bonds issued under Article XI-F(1) of the Oregon Constitution
and: - }
{ - (A) The purposes for which the account was created have
been fulfilled; or - }
{ - (B) A reserve sufficient to meet all existing and future
obligations and liabilities of the account has been set
aside. - }
SECTION 9. ORS 351.160 is amended to read:
351.160. (1) The State Board of Higher Education may undertake
the construction of any building or structure for higher
education when { - , in the judgment of the board, it appears
that the building or structure will be wholly self-liquidating
and self-supporting from revenues to accrue from the operation
thereof and from gifts, grants or building fees, and from
unobligated revenues of buildings or projects of like
character - } { + the board conservatively estimates that the
Oregon University System will have sufficient revenues to pay the
operating costs and any indebtedness for the building or
structure. For purposes of this section, 'revenues' includes all
funds available to the board except amounts appropriated by the
Legislative Assembly from the General Fund + }. The board may
enter into contracts for the { + acquisition, + } erection,
improvement, repair, equipping and furnishing of buildings and
structures for dormitories, housing, boarding, off-street motor
vehicle parking facilities and other purposes for higher
education pursuant to Article XI-F(1) of the Oregon Constitution,
ORS 351.160 to 351.190, 351.350 to 351.460 and 351.505.
(2) The board may also undertake the { + acquisition or + }
construction of those buildings and structures that { - are
designated by - } the Legislative Assembly { - for - }
{ + has determined will benefit + } higher education
institutions { - and - } { + or + } activities, and may enter
into contracts with persons, firms or corporations for the { +
acquisition, + } erection, improvement, repair, equipping and
furnishing of such buildings and structures pursuant to Article
XI-G of the Oregon Constitution and ORS 351.345.
SECTION 10. ORS 351.170 is amended to read:
351.170. (1) The State Board of Higher Education
{ - shall - } { + may + } establish { - such - } rates,
charges and fees for use of buildings, structures { - or - }
{ + and + } projects { - referred to in ORS 351.160 (1),
including revenue-producing buildings and structures already
constructed, as, - } { + under its control. The rates and
charges shall be sufficient, + } in the judgment of the board
{ - , will provide the required revenues to make the particular
Enrolled House Bill 3338 (HB 3338-INTRO) Page 7
new building, project or structure self-liquidating and
self-supporting, and as will provide the funds with which to
amortize the principal of and pay the interest on the bonds
issued to finance such buildings, structures or projects - }
{ + and with other available revenues, as defined in ORS
351.160, to pay the operating costs and any indebtedness for the
buildings, structures and projects + }.
(2) The board shall charge and collect from each regular
student a building fee at a rate not to exceed $45 for each
regular term, for not less than three terms in each regular
academic year, and not to exceed $67.50 if instruction is on a
semester basis, or an equivalent rate of charge when instruction
is on a different basis. The board is authorized to maintain
adequate accounts for bonds outstanding. The fee shall be in
addition to tuition and other fees charged to students and shall
be deposited in the appropriate subaccount of the account
maintained in the Oregon University System Fund under ORS
351.460.
SECTION 11. ORS 351.356 is amended to read:
351.356. (1) As used in this section:
(a) 'Bond' means a bond issued under Article XI-F(1) of the
Oregon Constitution.
(b) 'Credit enhancement device' means a letter of credit, line
of credit, bond insurance policy, standby purchase agreement,
surety bond or other device or facility used to enhance the
creditworthiness, liquidity or marketability of a bond.
(c) 'Financial agreement' means an agreement for exchange of
interest rates, as defined in ORS 286A.001, a credit enhancement
device or an agreement made in connection with a credit
enhancement device, that is executed for one or more bonds.
(2) The State of Oregon, acting through the State Board of
Higher Education or the State Treasurer, may:
(a) Enter into financial agreements.
(b) Identify, segregate, pledge and agree to pay amounts due
under financial agreements entered into under this section from:
(A) The revenues { - , gifts, grants or building fees that
are - } described in section 2, Article XI-F(1) of the Oregon
Constitution; or
(B) The unexpended proceeds of the bonds for which financial
agreements are executed.
(c) To the extent permitted by Article XI-F(1) of the Oregon
Constitution, issue bonds to secure the state's obligation to
make payments under a financial agreement. If a bond is issued
under this paragraph, the bond amount shall count toward the
limit described in section 1, Article XI-F(1) of the Oregon
Constitution, only to the extent that it increases the amount the
state is obligated to pay under other bonds.
SECTION 12. ORS 351.153 is amended to read:
351.153. As used in ORS 351.160, 351.170, 351.180 { - ,
351.350, - } { + and + } 351.440 { - and 351.450 - } ,
'structure' includes, but is not limited to, paving, sidewalks,
curbs, gutters, sewers, drainage works, vehicular parking
facilities, lighting facilities, retaining walls and other
constructed or erected improvements to real property.
SECTION 13. ORS 341.751 is amended to read:
341.751. (1) There is established in the General Fund an
account to be known as the Blue Mountain Community College
Facilities Account. Moneys in the account shall be used { - to
construct, improve, repair, equip and furnish facilities and
purchase land for facilities - } { + for the purposes described
Enrolled House Bill 3338 (HB 3338-INTRO) Page 8
in Article XI-G of the Oregon Constitution + }for the Blue
Mountain Community College District.
(2) The account may consist of the following moneys that have
been deposited in the account by the Department of Community
Colleges and Workforce Development at the request of the Blue
Mountain Community College District for the purposes listed in
subsection (1) of this section:
(a) Moneys from federal and local governments;
(b) Donations;
(c) Community College Support Fund moneys transferred to the
account by the department at the request of the community college
district;
(d) Building reserve funds of the community college district
transferred to the department from the community college
district; and
(e) Proceeds from the sale of bonds issued by the community
college district.
(3) Interest earned on moneys in the account shall be credited
to the account.
(4) The account may not be credited with more than $1 in
donations, Community College Support Fund moneys, proceeds from
the sale of bonds, building reserve funds, federal and local
government funds and interest.
(5) Moneys in the account { - shall be considered to be
General Fund moneys for purposes of section 1 (3), Article XI-G
of the Oregon Constitution, - } are continuously appropriated to
the department and may be transferred to the Community College
Capital Construction Fund for the purpose of making distributions
to the Blue Mountain Community College District for the purposes
listed in subsection (1) of this section.
SECTION 14. ORS 341.753 is amended to read:
341.753. (1) There is established in the General Fund an
account to be known as the Central Oregon Community College
Facilities Account. Moneys in the account shall be used { - to
construct, improve, repair, equip and furnish facilities and
purchase land for facilities - } { + for the purposes described
in Article XI-G of the Oregon Constitution + }for the Central
Oregon Community College District.
(2) The account may consist of the following moneys that have
been deposited in the account by the Department of Community
Colleges and Workforce Development at the request of the Central
Oregon Community College District for the purposes listed in
subsection (1) of this section:
(a) Moneys from federal and local governments;
(b) Donations;
(c) Community College Support Fund moneys transferred to the
account by the department at the request of the community college
district;
(d) Building reserve funds of the community college district
transferred to the department from the community college
district; and
(e) Proceeds from the sale of bonds issued by the community
college district.
(3) Interest earned on moneys in the account shall be credited
to the account.
(4) The account may not be credited with more than $11,478,000
in donations, Community College Support Fund moneys, proceeds
from the sale of bonds, building reserve funds, federal and local
government funds and interest.
Enrolled House Bill 3338 (HB 3338-INTRO) Page 9
(5) Moneys in the account { - shall be considered to be
General Fund moneys for purposes of section 1 (3), Article XI-G
of the Oregon Constitution, - } are continuously appropriated to
the department and may be transferred to the Community College
Capital Construction Fund for the purpose of making distributions
to the Central Oregon Community College District for the purposes
listed in subsection (1) of this section.
SECTION 15. ORS 341.755 is amended to read:
341.755. (1) There is established in the General Fund an
account to be known as the Chemeketa Community College Facility
Account. Moneys in the account shall be used { - to construct,
improve, repair, equip and furnish facilities and purchase land
for facilities - } { + for the purposes described in Article
XI-G of the Oregon Constitution + }for the Chemeketa Community
College District.
(2) The account may consist of the following moneys that have
been deposited in the account by the Department of Community
Colleges and Workforce Development at the request of the
Chemeketa Community College District for the purposes listed in
subsection (1) of this section:
(a) Moneys from federal and local governments;
(b) Donations;
(c) Community College Support Fund moneys transferred to the
account by the department at the request of the community college
district;
(d) Building reserve funds of the community college district
transferred to the department from the community college
district; and
(e) Proceeds from the sale of bonds issued by the community
college district.
(3) Interest earned on moneys in the account shall be credited
to the account.
(4) The account may not be credited with more than $11,880,000
in donations, Community College Support Fund moneys, proceeds
from the sale of bonds, building reserve funds, federal and local
government funds and interest.
(5) Moneys in the account { - shall be considered to be
General Fund moneys for purposes of section 1 (3), Article XI-G
of the Oregon Constitution, - } are continuously appropriated to
the department and may be transferred to the Community College
Capital Construction Fund for the purpose of making distributions
to the Chemeketa Community College District for the purposes
listed in subsection (1) of this section.
SECTION 16. ORS 341.757 is amended to read:
341.757. (1) There is established in the General Fund an
account to be known as the Clackamas Community College Facilities
Account. Moneys in the account shall be used { - to construct,
improve, repair, equip and furnish facilities and purchase land
for facilities - } { + for the purposes described in Article
XI-G of the Oregon Constitution + }for the Clackamas Community
College District.
(2) The account may consist of the following moneys that have
been deposited in the account by the Department of Community
Colleges and Workforce Development at the request of the
Clackamas Community College District for the purposes listed in
subsection (1) of this section:
(a) Moneys from federal and local governments;
(b) Donations;
Enrolled House Bill 3338 (HB 3338-INTRO) Page 10
(c) Community College Support Fund moneys transferred to the
account by the department at the request of the community college
district;
(d) Building reserve funds of the community college district
transferred to the department from the community college
district; and
(e) Proceeds from the sale of bonds issued by the community
college district.
(3) Interest earned on moneys in the account shall be credited
to the account.
(4) The account may not be credited with more than $13,156,250
in donations, Community College Support Fund moneys, proceeds
from the sale of bonds, building reserve funds, federal and local
government funds and interest.
(5) Moneys in the account { - shall be considered to be
General Fund moneys for purposes of section 1 (3), Article XI-G
of the Oregon Constitution, - } are continuously appropriated to
the department and may be transferred to the Community College
Capital Construction Fund for the purpose of making distributions
to the Clackamas Community College District for the purposes
listed in subsection (1) of this section.
SECTION 17. ORS 341.759 is amended to read:
341.759. (1) There is established in the General Fund an
account to be known as the Clatsop Community College Facilities
Account. Moneys in the account shall be used { - to construct,
improve, repair, equip and furnish facilities and purchase land
for new facilities - } { + for the purposes described in
Article XI-G of the Oregon Constitution + }for the Clatsop
Community College District.
(2) The account may consist of the following moneys that have
been deposited in the account by the Department of Community
Colleges and Workforce Development at the request of the Clatsop
Community College District for the purposes listed in subsection
(1) of this section:
(a) Moneys from federal and local governments;
(b) Donations;
(c) Community College Support Fund moneys transferred to the
account by the department at the request of the community college
district;
(d) Building reserve funds of the community college district
transferred to the department from the community college
district; and
(e) Proceeds from the sale of bonds issued by the community
college district.
(3) Interest earned on moneys in the account shall be credited
to the account.
(4) The account may not be credited with more than $11,500,000
in donations, Community College Support Fund moneys, proceeds
from the sale of bonds, building reserve funds, federal and local
government funds and interest.
(5) Moneys in the account { - shall be considered to be
General Fund moneys for purposes of section 1 (3), Article XI-G
of the Oregon Constitution, - } are continuously appropriated to
the department and may be transferred to the Community College
Capital Construction Fund for the purpose of making distributions
to the Clatsop Community College District for the purposes listed
in subsection (1) of this section.
SECTION 18. ORS 341.762 is amended to read:
341.762. (1) There is established in the General Fund an
account to be known as the Columbia Gorge Community College
Enrolled House Bill 3338 (HB 3338-INTRO) Page 11
Facilities Account. Moneys in the account shall be used { - to
construct, improve, repair, equip and furnish facilities - }
{ + for the purposes described in Article XI-G of the Oregon
Constitution + }for the Columbia Gorge Community College
District.
(2) The account may consist of the following moneys that have
been deposited in the account by the Department of Community
Colleges and Workforce Development at the request of the Columbia
Gorge Community College District for the purposes listed in
subsection (1) of this section:
(a) Moneys from federal and local governments;
(b) Donations;
(c) Community College Support Fund moneys transferred to the
account by the department at the request of the community college
district;
(d) Building reserve funds of the community college district
transferred to the department from the community college
district; and
(e) Proceeds from the sale of bonds issued by the community
college district.
(3) Interest earned on moneys in the account shall be credited
to the account.
(4) The account may not be credited with more than $15,500,000
in donations, Community College Support Fund moneys, proceeds
from the sale of bonds, building reserve funds, federal and local
government funds and interest.
(5) Moneys in the account { - shall be considered to be
General Fund moneys for purposes of section 1 (3), Article XI-G
of the Oregon Constitution, - } are continuously appropriated to
the department and may be transferred to the Community College
Capital Construction Fund for the purpose of making distributions
to the Columbia Gorge Community College District for the purposes
listed in subsection (1) of this section.
SECTION 19. ORS 341.764 is amended to read:
341.764. (1) There is established in the General Fund an
account to be known as the Klamath Community College Facilities
Account. Moneys in the account shall be used { - to construct,
improve, repair, equip and furnish new facilities - } { + for
the purposes described in Article XI-G of the Oregon Constitution
+ }for the Klamath Community College District.
(2) The account may consist of the following moneys that have
been deposited in the account by the Department of Community
Colleges and Workforce Development at the request of the Klamath
Community College District for the purposes listed in subsection
(1) of this section:
(a) Moneys from federal and local governments;
(b) Donations;
(c) Community College Support Fund moneys transferred to the
account by the department at the request of the community college
district;
(d) Building reserve funds of the community college district
transferred to the department from the community college
district; and
(e) Proceeds from the sale of bonds issued by the community
college district.
(3) Interest earned on moneys in the account shall be credited
to the account.
(4) The account may not be credited with more than $7,700,000
in donations, Community College Support Fund moneys, proceeds
Enrolled House Bill 3338 (HB 3338-INTRO) Page 12
from the sale of bonds, building reserve funds, federal and local
government funds and interest.
(5) Moneys in the account { - shall be considered to be
General Fund moneys for purposes of section 1 (3), Article XI-G
of the Oregon Constitution, - } are continuously appropriated to
the department and may be transferred to the Community College
Capital Construction Fund for the purpose of making distributions
to the Klamath Community College District for the purposes listed
in subsection (1) of this section.
SECTION 20. ORS 341.766 is amended to read:
341.766. (1) There is established in the General Fund an
account to be known as the Lane Community College Facilities
Account. Moneys in the account shall be used { - to construct,
improve, repair, equip and furnish facilities and purchase land
for facilities - } { + for the purposes described in Article
XI-G of the Oregon Constitution + }for the Lane Community
College District.
(2) The account may consist of the following moneys that have
been deposited in the account by the Department of Community
Colleges and Workforce Development at the request of the Lane
Community College District for the purposes listed in subsection
(1) of this section:
(a) Moneys from federal and local governments;
(b) Donations;
(c) Community College Support Fund moneys transferred to the
account by the department at the request of the community college
district;
(d) Building reserve funds of the community college district
transferred to the department from the community college
district; and
(e) Proceeds from the sale of bonds issued by the community
college district.
(3) Interest earned on moneys in the account shall be credited
to the account.
(4) The account may not be credited with more than $14,750,000
in donations, Community College Support Fund moneys, proceeds
from the sale of bonds, building reserve funds, federal and local
government funds and interest.
(5) Moneys in the account { - shall be considered to be
General Fund moneys for purposes of section 1 (3), Article XI-G
of the Oregon Constitution, - } are continuously appropriated to
the department and may be transferred to the Community College
Capital Construction Fund for the purpose of making distributions
to the Lane Community College District for the purposes listed in
subsection (1) of this section.
SECTION 21. ORS 341.768 is amended to read:
341.768. (1) There is established in the General Fund an
account to be known as the Linn-Benton Community College
Facilities Account. Moneys in the account shall be used { - to
construct, improve, repair, equip and furnish facilities and
purchase land for facilities - } { + for the purposes described
in Article XI-G of the Oregon Constitution + }for the
Linn-Benton Community College District.
(2) The account may consist of the following moneys that have
been deposited in the account by the Department of Community
Colleges and Workforce Development at the request of the
Linn-Benton Community College District for the purposes listed in
subsection (1) of this section:
(a) Moneys from federal and local governments;
(b) Donations;
Enrolled House Bill 3338 (HB 3338-INTRO) Page 13
(c) Community College Support Fund moneys transferred to the
account by the department at the request of the community college
district;
(d) Building reserve funds of the community college district
transferred to the department from the community college
district; and
(e) Proceeds from the sale of bonds issued by the community
college district.
(3) Interest earned on moneys in the account shall be credited
to the account.
(4) The account may not be credited with more than $3,731,250
in donations, Community College Support Fund moneys, proceeds
from the sale of bonds, building reserve funds, federal and local
government funds and interest.
(5) Moneys in the account { - shall be considered to be
General Fund moneys for purposes of section 1 (3), Article XI-G
of the Oregon Constitution, - } are continuously appropriated to
the department and may be transferred to the Community College
Capital Construction Fund for the purpose of making distributions
to the Linn-Benton Community College District for the purposes
listed in subsection (1) of this section.
SECTION 22. ORS 341.771 is amended to read:
341.771. (1) There is established in the General Fund an
account to be known as the Mt. Hood Community College Facilities
Account. Moneys in the account shall be used { - to construct,
improve, repair, equip and furnish facilities and purchase land
for facilities - } { + for the purposes described in Article
XI-G of the Oregon Constitution + }for the Mt. Hood Community
College District.
(2) The account may consist of the following moneys that have
been deposited in the account by the Department of Community
Colleges and Workforce Development at the request of the Mt. Hood
Community College District for the purposes listed in subsection
(1) of this section:
(a) Moneys from federal and local governments;
(b) Donations;
(c) Community College Support Fund moneys transferred to the
account by the department at the request of the community college
district;
(d) Building reserve funds of the community college district
transferred to the department from the community college
district; and
(e) Proceeds from the sale of bonds issued by the community
college district.
(3) Interest earned on moneys in the account shall be credited
to the account.
(4) The account may not be credited with more than $2,500,000
in donations, Community College Support Fund moneys, proceeds
from the sale of bonds, building reserve funds, federal and local
government funds and interest.
(5) Moneys in the account { - shall be considered to be
General Fund moneys for purposes of section 1 (3), Article XI-G
of the Oregon Constitution, - } are continuously appropriated to
the department and may be transferred to the Community College
Capital Construction Fund for the purpose of making distributions
to the
{ - Linn-Benton - } { + Mt. Hood + } Community College
District for the purposes listed in subsection (1) of this
section.
SECTION 23. ORS 341.773 is amended to read:
Enrolled House Bill 3338 (HB 3338-INTRO) Page 14
341.773. (1) There is established in the General Fund an
account to be known as the Oregon Coast Community College
Facilities Account. Moneys in the account shall be used { - to
construct, improve, repair, equip and furnish facilities and
purchase land for facilities - } { + for the purposes described
in Article XI-G of the Oregon Constitution + }for the Oregon
Coast Community College District.
(2) The account may consist of the following moneys that have
been deposited in the account by the Department of Community
Colleges and Workforce Development at the request of the Oregon
Coast Community College District for the purposes listed in
subsection (1) of this section:
(a) Moneys from federal and local governments;
(b) Donations;
(c) Community College Support Fund moneys transferred to the
account by the department at the request of the community college
district;
(d) Building reserve funds of the community college district
transferred to the department from the community college
district; and
(e) Proceeds from the sale of bonds issued by the community
college district.
(3) Interest earned on moneys in the account shall be credited
to the account.
(4) The account may not be credited with more than $9,500,000
in donations, Community College Support Fund moneys, proceeds
from the sale of bonds, building reserve funds, federal and local
government funds and interest.
(5) Moneys in the account { - shall be considered to be
General Fund moneys for purposes of section 1 (3), Article XI-G
of the Oregon Constitution, - } are continuously appropriated to
the department and may be transferred to the Community College
Capital Construction Fund for the purpose of making distributions
to the Oregon Coast Community College District for the purposes
listed in subsection (1) of this section.
SECTION 24. ORS 341.775 is amended to read:
341.775. (1) There is established in the General Fund an
account to be known as the Portland Community College Facilities
Account. Moneys in the account shall be used { - to construct,
improve, repair, equip and furnish facilities and purchase land
for facilities - } { + for the purposes described in Article
XI-G of the Oregon Constitution + }for the Portland Community
College District.
(2) The account may consist of the following moneys that have
been deposited in the account by the Department of Community
Colleges and Workforce Development at the request of the Portland
Community College District for the purposes listed in subsection
(1) of this section:
(a) Moneys from federal and local governments;
(b) Donations;
(c) Community College Support Fund moneys transferred to the
account by the department at the request of the community college
district;
(d) Building reserve funds of the community college district
transferred to the department from the community college
district; and
(e) Proceeds from the sale of bonds issued by the community
college district.
(3) Interest earned on moneys in the account shall be credited
to the account.
Enrolled House Bill 3338 (HB 3338-INTRO) Page 15
(4) The account may not be credited with more than $15,500,000
in donations, Community College Support Fund moneys, proceeds
from the sale of bonds, building reserve funds, federal and local
government funds and interest.
(5) Moneys in the account { - shall be considered to be
General Fund moneys for purposes of section 1 (3), Article XI-G
of the Oregon Constitution, - } are continuously appropriated to
the department and may be transferred to the Community College
Capital Construction Fund for the purpose of making distributions
to the Portland Community College District for the purposes
listed in subsection (1) of this section.
SECTION 25. ORS 341.777 is amended to read:
341.777. (1) There is established in the General Fund an
account to be known as the Rogue Community College Medford
Instructional Facility Account. Moneys in the account shall be
used { - to construct, improve, repair, equip and furnish - }
{ + for the purposes described in Article XI-G of the Oregon
Constitution for + } a joint instructional facility in Medford
for Southern Oregon University and the Rogue Community College
District.
(2) The account may consist of the following moneys that have
been deposited in the account by the Department of Community
Colleges and Workforce Development at the request of the Rogue
Community College District for the purposes listed in subsection
(1) of this section:
(a) Moneys from federal and local governments;
(b) Donations;
(c) Community College Support Fund moneys transferred to the
account by the department at the request of the community college
district;
(d) Building reserve funds of the community college district
transferred to the department from the community college
district; and
(e) Proceeds from the sale of bonds issued by the community
college district.
(3) Interest earned on moneys in the account shall be credited
to the account.
(4) The account may not be credited with more than $4,100,000
in donations, Community College Support Fund moneys, proceeds
from the sale of bonds, building reserve funds, federal and local
government funds and interest.
(5) Moneys in the account { - shall be considered to be
General Fund moneys for purposes of section 1 (3), Article XI-G
of the Oregon Constitution, - } are continuously appropriated to
the department and may be transferred to the Community College
Capital Construction Fund for the purpose of making distributions
to the Rogue Community College District for the purposes listed
in subsection (1) of this section.
SECTION 26. ORS 341.779 is amended to read:
341.779. (1) There is established in the General Fund an
account to be known as the Southwestern Oregon Community College
Curry County Facilities Account. Moneys in the account shall be
used { - to construct, improve, repair, equip and furnish
facilities in Curry County - } { + for the purposes described
in Article XI-G of the Oregon Constitution + }for the
Southwestern Oregon Community College District.
(2) The account may consist of the following moneys that have
been deposited in the account by the Department of Community
Colleges and Workforce Development at the request of the
Enrolled House Bill 3338 (HB 3338-INTRO) Page 16
Southwestern Oregon Community College District for the purposes
listed in subsection (1) of this section:
(a) Moneys from federal and local governments;
(b) Donations;
(c) Community College Support Fund moneys transferred to the
account by the department at the request of the community college
district;
(d) Building reserve funds of the community college district
transferred to the department from the community college
district; and
(e) Proceeds from the sale of bonds issued by the community
college district.
(3) Interest earned on moneys in the account shall be credited
to the account.
(4) The account may not be credited with more than $2,300,000
in donations, Community College Support Fund moneys, proceeds
from the sale of bonds, building reserve funds, federal and local
government funds and interest.
(5) Moneys in the account { - shall be considered to be
General Fund moneys for purposes of section 1 (3), Article XI-G
of the Oregon Constitution, - } are continuously appropriated to
the department and may be transferred to the Community College
Capital Construction Fund for the purpose of making distributions
to the Southwestern Oregon Community College District for the
purposes listed in subsection (1) of this section.
SECTION 27. ORS 341.782 is amended to read:
341.782. (1) There is established in the General Fund an
account to be known as the Tillamook Bay Community College
Facilities Account. Moneys in the account shall be used { - to
construct, improve, repair, equip and furnish new facilities - }
{ + for the purposes described in Article XI-G of the Oregon
Constitution + } for the Tillamook Bay Community College
District.
(2) The account may consist of the following moneys that have
been deposited in the account by the Department of Community
Colleges and Workforce Development at the request of the
Tillamook Bay Community College District for the purposes listed
in subsection (1) of this section:
(a) Moneys from federal and local governments;
(b) Donations;
(c) Community College Support Fund moneys transferred to the
account by the department at the request of the community college
district;
(d) Building reserve funds of the community college district
transferred to the department from the community college
district; and
(e) Proceeds from the sale of bonds issued by the community
college district.
(3) Interest earned on moneys in the account shall be credited
to the account.
(4) The account may not be credited with more than $4,900,000
in donations, Community College Support Fund moneys, proceeds
from the sale of bonds, building reserve funds, federal and local
government funds and interest.
(5) Moneys in the account { - shall be considered to be
General Fund moneys for purposes of section 1 (3), Article XI-G
of the Oregon Constitution, - } are continuously appropriated to
the department and may be transferred to the Community College
Capital Construction Fund for the purpose of making distributions
Enrolled House Bill 3338 (HB 3338-INTRO) Page 17
to the Tillamook Bay Community College District for the purposes
listed in subsection (1) of this section.
SECTION 28. ORS 341.784 is amended to read:
341.784. (1) There is established in the General Fund an
account to be known as the Treasure Valley Community College
Facilities Account. Moneys in the account shall be used { - to
construct, improve, repair, equip and furnish facilities and
purchase land for facilities - } { + for the purposes described
in Article XI-G of the Oregon Constitution + }for the Treasure
Valley Community College District.
(2) The account may consist of the following moneys that have
been deposited in the account by the Department of Community
Colleges and Workforce Development at the request of the Treasure
Valley Community College District for the purposes listed in
subsection (1) of this section:
(a) Moneys from federal and local governments;
(b) Donations;
(c) Community College Support Fund moneys transferred to the
account by the department at the request of the community college
district;
(d) Building reserve funds of the community college district
transferred to the department from the community college
district; and
(e) Proceeds from the sale of bonds issued by the community
college district.
(3) Interest earned on moneys in the account shall be credited
to the account.
(4) The account may not be credited with more than $3,000,000
in donations, Community College Support Fund moneys, proceeds
from the sale of bonds, building reserve funds, federal and local
government funds and interest.
(5) Moneys in the account { - shall be considered to be
General Fund moneys for purposes of section 1 (3), Article XI-G
of the Oregon Constitution, - } are continuously appropriated to
the department and may be transferred to the Community College
Capital Construction Fund for the purpose of making distributions
to the Treasure Valley Community College District for the
purposes listed in subsection (1) of this section.
SECTION 29. ORS 341.787 is amended to read:
341.787. (1) There is established in the General Fund an
account to be known as the Umpqua Community College Facilities
Account. Moneys in the account shall be used { - to construct,
improve, repair, equip and furnish facilities and purchase land
for facilities - } { + for the purposes described in Article
XI-G of the Oregon Constitution + }for the Umpqua Community
College District.
(2) The account may consist of the following moneys that have
been deposited in the account by the Department of Community
Colleges and Workforce Development at the request of the Umpqua
Community College District for the purposes listed in subsection
(1) of this section:
(a) Moneys from federal and local governments;
(b) Donations;
(c) Community College Support Fund moneys transferred to the
account by the department at the request of the community college
district;
(d) Building reserve funds of the community college district
transferred to the department from the community college
district; and
Enrolled House Bill 3338 (HB 3338-INTRO) Page 18
(e) Proceeds from the sale of bonds issued by the community
college district.
(3) Interest earned on moneys in the account shall be credited
to the account.
(4) The account may not be credited with more than $8,500,000
in donations, Community College Support Fund moneys, proceeds
from the sale of bonds, building reserve funds, federal and local
government funds and interest.
(5) Moneys in the account { - shall be considered to be
General Fund moneys for purposes of section 1 (3), Article XI-G
of the Oregon Constitution, - } are continuously appropriated to
the department and may be transferred to the Community College
Capital Construction Fund for the purpose of making distributions
to the Umpqua Community College District for the purposes
listed { + in subsection (1) of this section + }.
SECTION 30. Section 11, chapter 761, Oregon Laws 2007, as
amended by section 91, chapter 762, Oregon Laws 2009, is amended
to read:
{ + Sec. 11. + } (1) There is established in the General Fund
an account to be known as the Western Oregon University Business,
Math and Computer Science Facility Project Account. Funds in the
account shall be used for the { + acquisition, + } construction,
remodeling, expansion and renovation of facilities for a facility
project at Western Oregon University.
(2) The account shall consist of proceeds from lottery bonds,
grant funds, gift funds, federal and local government funds made
available to and funds donated to the Oregon University System
for the purpose of the facility project described in subsection
(1) of this section. Interest earned on moneys in the account
shall be credited to the account. The account may not be credited
with more than $500,000 for purposes of this subsection.
(3) Moneys in the account { - shall be considered to be
General Fund moneys for purposes of section 1 (3), Article XI-G
of the Oregon Constitution, - } are continuously appropriated to
the Oregon University System and may be transferred to the
account designated by ORS 351.626 for the facility project
described in subsection (1) of this section.
SECTION 31. Section 12, chapter 761, Oregon Laws 2007, as
amended by section 92, chapter 762, Oregon Laws 2009, is amended
to read:
{ + Sec. 12. + } (1) There is established in the General Fund
an account to be known as the Oregon State University Pauling
Research and Education Building Account. Funds in the account
shall be used for the { + acquisition, + } construction,
remodeling, expansion and renovation of facilities for the
Pauling Research and Education Building at the Oregon State
University.
(2) The account shall consist of grant funds, gift funds,
federal and local government funds made available to and funds
donated to the Oregon University System for the purpose of the
Pauling Research and Education Building project described in
subsection (1) of this section. Interest earned on moneys in the
account shall be credited to the account. The account may not be
credited with more than $31,256,035 for purposes of this
subsection.
(3) Moneys in the account { - shall be considered to be
General Fund moneys for purposes of section 1 (3), Article XI-G
of the Oregon Constitution, - } are continuously appropriated to
the Oregon University System and may be transferred to the
account designated by ORS 351.626 for the Pauling Research and
Enrolled House Bill 3338 (HB 3338-INTRO) Page 19
Education Building project described in subsection (1) of this
section.
SECTION 32. Section 13, chapter 761, Oregon Laws 2007, as
amended by section 5, chapter 2, Oregon Laws 2009, and section
93, chapter 762, Oregon Laws 2009, is amended to read:
{ + Sec. 13. + } (1) There is established in the General Fund
an account to be known as the Portland State University Science
Research and Teaching Center and Hazardous Waste Facility
Account. Funds in the account shall be used for the
{ + acquisition, + } construction, remodeling, expansion and
renovation of facilities for a Science Research and Teaching
Center and Hazardous Waste Facility Phase I at Portland State
University.
(2) The account shall consist of proceeds from certificates of
participation, grant funds, gift funds, proceeds of legal
settlements, federal and local government funds made available to
and funds donated to the Oregon University System for the purpose
of the center and facility project described in subsection (1) of
this section. Interest earned on moneys in the account shall be
credited to the account. The account may not be credited with
more than $7,000,000 for purposes of this subsection.
(3) Moneys in the account { - shall be considered to be
General Fund moneys for purposes of section 1 (3), Article XI-G
of the Oregon Constitution, - } are continuously appropriated to
the Oregon University System and may be transferred to the
account designated by ORS 351.626 for the center and facility
project described in subsection (1) of this section.
SECTION 33. Section 14, chapter 761, Oregon Laws 2007, as
amended by section 94, chapter 762, Oregon Laws 2009, is amended
to read:
{ + Sec. 14. + } (1) There is established in the General Fund
an account to be known as the University of Oregon Integrative
Science Complex, Phase 2 Account. Funds in the account shall be
used for the { + acquisition, + } construction, remodeling,
expansion and renovation of facilities for an Interactive Science
Complex, Phase 2 at the University of Oregon.
(2) The account shall consist of grant funds, gift funds,
federal and local government funds made available to and funds
donated to the Oregon University System for the purpose of the
Interactive Science Complex, Phase 2 project described in
subsection (1) of this section. Interest earned on moneys in the
account shall be credited to the account. The account may not be
credited with more than $30,000,000 for purposes of this
subsection.
(3) Moneys in the account { - shall be considered to be
General Fund moneys for purposes of section 1 (3), Article XI-G
of the Oregon Constitution, - } are continuously appropriated to
the Oregon University System and may be transferred to the
account designated by ORS 351.626 for the Interactive Science
Complex, Phase 2 project described in subsection (1) of this
section.
SECTION 34. Section 15, chapter 761, Oregon Laws 2007, as
amended by section 95, chapter 762, Oregon Laws 2009, is amended
to read:
{ + Sec. 15. + } (1) There is established in the General Fund
an account to be known as the University of Oregon Hayward Field
Account. Funds in the account shall be used for the
{ - construction, remodeling, expansion and renovation of - }
{ + purposes described in Article XI-G of the Oregon
Constitution at + } Hayward Field at the University of Oregon.
Enrolled House Bill 3338 (HB 3338-INTRO) Page 20
(2) The account shall consist of funds received from
not-for-profit organizations, grant funds, gift funds, federal
and local government funds made available to and funds donated to
the Oregon University System for the purpose of the Hayward Field
project described in subsection (1) of this section. Interest
earned on moneys in the account shall be credited to the account.
The account may not be credited with more than $2,500,000 for
purposes of this subsection.
(3) Moneys in the account { - shall be considered to be
General Fund moneys for purposes of section 1 (3), Article XI-G
of the Oregon Constitution, - } are continuously appropriated to
the Oregon University System and may be transferred to the
account designated by ORS 351.626 for the { - Hayward Field
project - } { + purposes + } described in subsection (1) of
this section.
SECTION 35. Section 16, chapter 761, Oregon Laws 2007, as
amended by section 14, chapter 15, Oregon Laws 2008, and section
96, chapter 762, Oregon Laws 2009, is amended to read:
{ + Sec. 16. + } (1) There is established in the General Fund
an account to be known as the Oregon Institute of Technology
Center for Health Professions Account. Funds in the account shall
be used for the { + acquisition, + }construction, remodeling,
expansion and renovation of facilities for a Center for Health
Professions project for the Oregon Institute of Technology.
(2) The account shall consist of grant funds, gift funds,
federal and local government funds made available to and funds
donated to the Oregon University System for the purpose of the
Center for Health Professions project described in subsection (1)
of this section. Interest earned on moneys in the account shall
be credited to the account. The account may not be credited with
more than $9,000,000 for purposes of this subsection.
(3) Moneys in the account { - shall be considered to be
General Fund moneys for purposes of section 1 (3), Article XI-G
of the Oregon Constitution, - } are continuously appropriated to
the Oregon University System and may be transferred to the
account designated by ORS 351.626 for the Center for Health
Professions project described in subsection (1) of this section.
SECTION 36. Section 17, chapter 761, Oregon Laws 2007, as
amended by section 97, chapter 762, Oregon Laws 2009, is amended
to read:
{ + Sec. 17. + } (1) There is established in the General Fund
an account to be known as the Portland State University Science
PCAT Redevelopment Account. Funds in the account shall be used
for the { + acquisition, + } construction, remodeling,
expansion and renovation of facilities on the current site of the
Portland Center for Advanced Technology at Portland State
University.
(2) The account shall consist of grant funds, gift funds,
proceeds of legal settlements, federal and local government funds
made available to and funds donated to the Oregon University
System for the purpose of the project described in subsection (1)
of this section. Interest earned on moneys in the account shall
be credited to the account. The account may not be credited with
more than $10,000,000 for purposes of this subsection.
(3) Moneys in the account { - shall be considered to be
General Fund moneys for purposes of section 1 (3), Article XI-G
of the Oregon Constitution, - } are continuously appropriated to
the Oregon University System and may be transferred to the
account designated by ORS 351.626 for the project described in
subsection (1) of this section.
Enrolled House Bill 3338 (HB 3338-INTRO) Page 21
SECTION 37. Section 6, chapter 2, Oregon Laws 2009, is amended
to read:
{ + Sec. 6. + } (1) There is established in the General Fund
an account to be known as the Western Oregon University Classroom
and Office Building Account. Funds in the account shall be used
for the { + acquisition, + } construction, remodeling, expansion
and renovation of facilities for classroom and office space at
Western Oregon University.
(2) The account shall consist of proceeds from certificates of
participation, grant funds, gift funds, proceeds of legal
settlements, federal and local government funds made available to
and funds donated to the Oregon University System for the purpose
of the classroom and office space project described in subsection
(1) of this section. Interest earned on moneys in the account
shall be credited to the account. The account may not be credited
with more than $3,000,000 for purposes of this subsection.
(3) Moneys in the account { - shall be considered to be
General Fund moneys for purposes of section 1 (3), Article XI-G
of the Oregon Constitution, - } are continuously appropriated to
the Oregon University System and may be transferred to the
Department of Higher Education Capital Construction Fund for the
classroom and office space project described in subsection (1) of
this section.
SECTION 38. Section 7, chapter 2, Oregon Laws 2009, is amended
to read:
{ + Sec. 7. + } (1) There is established in the General Fund
an account to be known as the Oregon Institute of Technology
Owens Hall Deferred Maintenance Account. Funds in the account
shall be used for the { - construction, remodeling, expansion
and renovation of - } { + purposes described in Article XI-G of
the Oregon Constitution at + } Owens Hall at the Oregon Institute
of Technology.
(2) The account shall consist of proceeds from certificates of
participation, grant funds, gift funds, proceeds of legal
settlements, federal and local government funds made available to
and funds donated to the Oregon University System for the purpose
of the project described in subsection (1) of this section.
Interest earned on moneys in the account shall be credited to the
account. The account may not be credited with more than
$1,444,000 for purposes of this subsection.
(3) Moneys in the account { - shall be considered to be
General Fund moneys for purposes of section 1 (3), Article XI-G
of the Oregon Constitution, - } are continuously appropriated to
the Oregon University System and may be transferred to the
Department of Higher Education Capital Construction Fund for the
{ - project - } { + purposes + } described in subsection (1) of
this section.
SECTION 39. Section 11, chapter 2, Oregon Laws 2009, is amended
to read:
{ + Sec. 11. + } (1) There is established in the General Fund
an account to be known as the Chemeketa Community College
Deferred Maintenance Account. Moneys in the account shall be used
for deferred maintenance, capital renewal, code compliance and
safety projects for the Chemeketa Community College District.
(2) The account may consist of the following moneys that have
been deposited in the account by the Department of Community
Colleges and Workforce Development at the request of the
Chemeketa Community College District for the purposes listed in
subsection (1) of this section:
(a) Moneys from federal and local governments;
Enrolled House Bill 3338 (HB 3338-INTRO) Page 22
(b) Donations;
(c) Community College Support Fund moneys transferred to the
account by the department at the request of the community college
district;
(d) Building reserve funds of the community college district
transferred to the department from the community college
district; and
(e) Proceeds from the sale of bonds issued by the community
college district.
(3) Interest earned on moneys in the account shall be credited
to the account.
(4) The account may not be credited with more than $5,082,500
in donations, Community College Support Fund moneys, proceeds
from the sale of bonds, building reserve funds, federal and local
government funds and interest.
(5) Moneys in the account { - shall be considered to be
General Fund moneys for purposes of section 1 (3), Article XI-G
of the Oregon Constitution, - } are continuously appropriated to
the department and may be transferred to the Community College
Capital Construction Fund for the purpose of making distributions
to the Chemeketa Community College District for the purposes
listed in subsection (1) of this section.
SECTION 40. Section 12, chapter 2, Oregon Laws 2009, is amended
to read:
{ + Sec. 12. + } (1) There is established in the General Fund
an account to be known as the Clackamas Community College
Deferred Maintenance Account. Moneys in the account shall be used
for deferred maintenance, capital renewal, code compliance and
safety projects for the Clackamas Community College District.
(2) The account may consist of the following moneys that have
been deposited in the account by the Department of Community
Colleges and Workforce Development at the request of the
Clackamas Community College District for the purposes listed in
subsection (1) of this section:
(a) Moneys from federal and local governments;
(b) Donations;
(c) Community College Support Fund moneys transferred to the
account by the department at the request of the community college
district;
(d) Building reserve funds of the community college district
transferred to the department from the community college
district; and
(e) Proceeds from the sale of bonds issued by the community
college district.
(3) Interest earned on moneys in the account shall be credited
to the account.
(4) The account may not be credited with more than $1,293,750
in donations, Community College Support Fund moneys, proceeds
from the sale of bonds, building reserve funds, federal and local
government funds and interest.
(5) Moneys in the account { - shall be considered to be
General Fund moneys for purposes of section 1 (3), Article XI-G
of the Oregon Constitution, - } are continuously appropriated to
the department and may be transferred to the Community College
Capital Construction Fund for the purpose of making distributions
to the Clackamas Community College District for the purposes
listed in subsection (1) of this section.
SECTION 41. Section 13, chapter 2, Oregon Laws 2009, is amended
to read:
Enrolled House Bill 3338 (HB 3338-INTRO) Page 23
{ + Sec. 13. + } (1) There is established in the General Fund
an account to be known as the Portland Community College Deferred
Maintenance Account. Moneys in the account shall be used for
deferred maintenance, capital renewal, code compliance and safety
projects for the Portland Community College District.
(2) The account may consist of the following moneys that have
been deposited in the account by the Department of Community
Colleges and Workforce Development at the request of the Portland
Community College District for the purposes listed in subsection
(1) of this section:
(a) Moneys from federal and local governments;
(b) Donations;
(c) Community College Support Fund moneys transferred to the
account by the department at the request of the community college
district;
(d) Building reserve funds of the community college district
transferred to the department from the community college
district; and
(e) Proceeds from the sale of bonds issued by the community
college district.
(3) Interest earned on moneys in the account shall be credited
to the account.
(4) The account may not be credited with more than $3,327,500
in donations, Community College Support Fund moneys, proceeds
from the sale of bonds, building reserve funds, federal and local
government funds and interest.
(5) Moneys in the account { - shall be considered to be
General Fund moneys for purposes of section 1 (3), Article XI-G
of the Oregon Constitution, - } are continuously appropriated to
the department and may be transferred to the Community College
Capital Construction Fund for the purpose of making distributions
to the Portland Community College District for the purposes
listed in subsection (1) of this section.
SECTION 42. Section 14, chapter 904, Oregon Laws 2009, is
amended to read:
{ + Sec. 14. + } (1) There is established in the General Fund
an account to be known as the South Waterfront Life Sciences
Facility Project Account. Funds in the account shall be used for
the { + acquisition, + } construction, remodeling, expansion
and renovation of facilities for a facility project located in
the South Waterfront Central District in the North Macadam Urban
Renewal Area in the City of Portland.
(2) The account shall consist of proceeds from grant funds,
gift funds and federal and local government funds made available
to and funds donated to the Oregon University System for the
purpose of the facility project described in subsection (1) of
this section. Interest earned on moneys in the account shall be
credited to the account. The account may not be credited with
more than $50,000,000 for purposes of this subsection.
(3) Moneys in the account { - shall be considered to be
General Fund moneys for purposes of section 1 (3), Article XI-G
of the Oregon Constitution, - } are continuously appropriated to
the Oregon University System and may be transferred to the
Department of Higher Education Capital Construction Fund for the
facility project described in subsection (1) of this section.
SECTION 43. Section 15, chapter 904, Oregon Laws 2009, is
amended to read:
{ + Sec. 15. + } (1) There is established in the General Fund
an account to be known as the Oregon State University Biofuels
Demonstration Project Account. Funds in the account shall be used
Enrolled House Bill 3338 (HB 3338-INTRO) Page 24
for the { + acquisition, + } construction, remodeling, expansion
and renovation of facilities for a facility project at Oregon
State University.
(2) The account shall consist of proceeds from grant funds,
gift funds and federal and local government funds made available
to and funds donated to the Oregon University System for the
purpose of the facility project described in subsection (1) of
this section. Interest earned on moneys in the account shall be
credited to the account. The account may not be credited with
more than $4,000,000 for purposes of this subsection.
(3) Moneys in the account { - shall be considered to be
General Fund moneys for purposes of section 1 (3), Article XI-G
of the Oregon Constitution, - } are continuously appropriated to
the Oregon University System and may be transferred to the
Department of Higher Education Capital Construction Fund for the
facility project described in subsection (1) of this section.
SECTION 44. Section 16, chapter 904, Oregon Laws 2009, is
amended to read:
{ + Sec. 16. + } (1) There is established in the General Fund
an account to be known as the Eastern Oregon University Zabel
Hall Deferred Maintenance Project Account. Funds in the account
shall be used for the { + acquisition, + } construction,
remodeling, expansion and renovation of facilities for a facility
project at Eastern Oregon University.
(2) The account shall consist of proceeds from lottery bonds
made available to the Oregon University System for the purpose of
the facility project described in subsection (1) of this section.
Interest earned on moneys in the account shall be credited to the
account. The account may not be credited with more than
$1,522,000 for purposes of this subsection.
(3) Moneys in the account { - shall be considered to be
General Fund moneys for purposes of section 1 (3), Article XI-G
of the Oregon Constitution, - } are continuously appropriated to
the Oregon University System and may be transferred to the
Department of Higher Education Capital Construction Fund for the
facility project described in subsection (1) of this section.
SECTION 45. Section 17, chapter 904, Oregon Laws 2009, is
amended to read:
{ + Sec. 17. + } (1) There is established in the General Fund
an account to be known as the Eastern Oregon University Pierce
Library Project Account. Funds in the account shall be used for
the { + acquisition, + } construction, remodeling, expansion and
renovation of facilities for a facility project at Eastern Oregon
University.
(2) The account shall consist of proceeds from certificates of
participation made available to the Oregon University System for
the purpose of the facility project described in subsection (1)
of this section. Interest earned on moneys in the account shall
be credited to the account. The account may not be credited with
more than $4,000,000 for purposes of this subsection.
(3) Moneys in the account { - shall be considered to be
General Fund moneys for purposes of section 1 (3), Article XI-G
of the Oregon Constitution, - } are continuously appropriated to
the Oregon University System and may be transferred to the
Department of Higher Education Capital Construction Fund for the
facility project described in subsection (1) of this section.
SECTION 46. Section 18, chapter 904, Oregon Laws 2009, is
amended to read:
{ + Sec. 18. + } (1) There is established in the General Fund
an account to be known as the Oregon Institute of Technology
Enrolled House Bill 3338 (HB 3338-INTRO) Page 25
Geothermal Renewable Energy Demonstration Project Account. Funds
in the account shall be used for the { + acquisition, + }
construction, remodeling, expansion and renovation of facilities
for a facility project at the Oregon Institute of Technology.
(2) The account shall consist of proceeds from grant funds,
gift funds and federal and local government funds made available
to and funds donated to the Oregon University System for the
purpose of the facility project described in subsection (1) of
this section. Interest earned on moneys in the account shall be
credited to the account. The account may not be credited with
more than $2,000,000 for purposes of this subsection.
(3) Moneys in the account { - shall be considered to be
General Fund moneys for purposes of section 1 (3), Article XI-G
of the Oregon Constitution, - } are continuously appropriated to
the Oregon University System and may be transferred to the
Department of Higher Education Capital Construction Fund for the
facility project described in subsection (1) of this section.
SECTION 47. Section 19, chapter 904, Oregon Laws 2009, is
amended to read:
{ + Sec. 19. + } (1) There is established in the General Fund
an account to be known as the Oregon State University Strand
Agriculture Hall Deferred Maintenance Project Account. Funds in
the account shall be used for the { + acquisition, + }
construction, remodeling, expansion and renovation of facilities
for a facility project at Oregon State University.
(2) The account shall consist of proceeds from lottery bonds
made available to the Oregon University System for the purpose of
the facility project described in subsection (1) of this section.
Interest earned on moneys in the account shall be credited to the
account. The account may not be credited with more than
$6,586,000 for purposes of this subsection.
(3) Moneys in the account { - shall be considered to be
General Fund moneys for purposes of section 1 (3), Article XI-G
of the Oregon Constitution, - } are continuously appropriated to
the Oregon University System and may be transferred to the
Department of Higher Education Capital Construction Fund for the
facility project described in subsection (1) of this section.
SECTION 48. Section 20, chapter 904, Oregon Laws 2009, as
amended by section 8, chapter 99, Oregon Laws 2010, is amended to
read:
{ + Sec. 20. + } (1) There is established in the General Fund
an account to be known as the Oregon State University Bates
Hall/Hallie Ford Healthy Children and Families Center Project
Account. Funds in the account shall be used for the
{ + acquisition, + } construction, remodeling, expansion and
renovation of facilities for a facility project at Oregon State
University.
(2) The account shall consist of proceeds from grant funds,
gift funds and federal and local government funds made available
to the Oregon University System for the purpose of the facility
project described in subsection (1) of this section. Interest
earned on moneys in the account shall be credited to the account.
The account may not be credited with more than $5,000,000 for
purposes of this subsection.
(3) Moneys in the account { - shall be considered to be
General Fund moneys for purposes of section 1 (3), Article XI-G
of the Oregon Constitution, - } are continuously appropriated to
the Oregon University System and may be transferred to the
account designated by ORS 351.626 for the facility project
described in subsection (1) of this section.
Enrolled House Bill 3338 (HB 3338-INTRO) Page 26
SECTION 49. Section 21, chapter 904, Oregon Laws 2009, is
amended to read:
{ + Sec. 21. + } (1) There is established in the General Fund
an account to be known as the Oregon State University Student
Success Center Project Account. Funds in the account shall be
used for the { + acquisition, + } construction, remodeling,
expansion and renovation of facilities for a facility project at
Oregon State University.
(2) The account shall consist of proceeds from grant funds,
gift funds and federal and local government funds made available
to the Oregon University System for the purpose of the facility
project described in subsection (1) of this section. Interest
earned on moneys in the account shall be credited to the account.
The account may not be credited with more than $2,054,000 for
purposes of this subsection.
(3) Moneys in the account { - shall be considered to be
General Fund moneys for purposes of section 1 (3), Article XI-G
of the Oregon Constitution, - } are continuously appropriated to
the Oregon University System and may be transferred to the
Department of Higher Education Capital Construction Fund for the
facility project described in subsection (1) of this section.
SECTION 50. Section 22, chapter 904, Oregon Laws 2009, is
amended to read:
{ + Sec. 22. + } (1) There is established in the General Fund
an account to be known as the Portland State University Science
Research and Teaching Center/Hazardous Waste Facility Phase 2
Project Account. Funds in the account shall be used for the { +
acquisition, + } construction, remodeling, expansion and
renovation of facilities for a facility project at Oregon State
University.
(2) The account shall consist of proceeds from grant funds,
gift funds and federal and local government funds made available
to the Oregon University System for the purpose of the facility
project described in subsection (1) of this section. Interest
earned on moneys in the account shall be credited to the account.
The account may not be credited with more than $2,500,000 for
purposes of this subsection.
(3) Moneys in the account { - shall be considered to be
General Fund moneys for purposes of section 1 (3), Article XI-G
of the Oregon Constitution, - } are continuously appropriated to
the Oregon University System and may be transferred to the
Department of Higher Education Capital Construction Fund for the
facility project described in subsection (1) of this section.
SECTION 51. Section 23, chapter 904, Oregon Laws 2009, is
amended to read:
{ + Sec. 23. + } (1) There is established in the General Fund
an account to be known as the Southern Oregon University Theatre
Arts Expansion and Remodel Project Account. Funds in the account
shall be used for the { + acquisition, + } construction,
remodeling, expansion and renovation of facilities for a facility
project at Southern Oregon University.
(2) The account shall consist of proceeds from grant funds,
gift funds and federal and local government funds made available
to and funds donated to the Oregon University System for the
purpose of the facility project described in subsection (1) of
this section. Interest earned on moneys in the account shall be
credited to the account. The account may not be credited with
more than $5,500,000 for purposes of this subsection.
(3) Moneys in the account { - shall be considered to be
General Fund moneys for purposes of section 1 (3), Article XI-G
Enrolled House Bill 3338 (HB 3338-INTRO) Page 27
of the Oregon Constitution, - } are continuously appropriated to
the Oregon University System and may be transferred to the
Department of Higher Education Capital Construction Fund for the
facility project described in subsection (1) of this section.
SECTION 52. Section 24, chapter 904, Oregon Laws 2009, is
amended to read:
{ + Sec. 24. + } (1) There is established in the General Fund
an account to be known as the University of Oregon Allen Hall
Expansion and Remodel Project Account. Funds in the account shall
be used for the { + acquisition, + } construction, remodeling,
expansion and renovation of facilities for a facility project at
the University of Oregon.
(2) The account shall consist of proceeds from grant funds and
gift funds made available to and funds donated to the Oregon
University System for the purpose of the facility project
described in subsection (1) of this section. Interest earned on
moneys in the account shall be credited to the account. The
account may not be credited with more than $7,500,000 for
purposes of this subsection.
(3) Moneys in the account { - shall be considered to be
General Fund moneys for purposes of section 1 (3), Article XI-G
of the Oregon Constitution, - } are continuously appropriated to
the Oregon University System and may be transferred to the
Department of Higher Education Capital Construction Fund for the
facility project described in subsection (1) of this section.
SECTION 53. ORS 351.507 is amended to read:
351.507. (1) There is established in the General Fund an
account to be known as the Oregon State University Animal
Sciences Pavilion Account. Funds in the account shall be used for
the { + acquisition, + } construction, remodeling, expansion
and renovation of facilities for an animal sciences education and
research pavilion at Oregon State University.
(2) The account shall consist of federal and local government
funds made available to and funds donated to the Oregon
University System for the purpose of the animal sciences pavilion
project described in subsection (1) of this section. Interest
earned on moneys in the account shall be credited to the account.
The account may not be credited with more than $4,000,000 in
interest, donations and federal and local government funds for
purposes of this subsection.
(3) Moneys in the account { - shall be considered to be
General Fund moneys for purposes of section 1 (3), Article XI-G
of the Oregon Constitution, - } are continuously appropriated to
the Oregon University System and may be transferred to the
account designated by ORS 351.626 for the animal sciences
pavilion project described in subsection (1) of this section.
SECTION 54. ORS 351.508 is amended to read:
351.508. (1) There is established in the General Fund an
account to be known as the Oregon State University Steam Plant
Account. Funds in the account shall be used for the
{ + acquisition, + } construction, remodeling, expansion and
renovation of facilities for a steam plant at Oregon State
University.
(2) The account shall consist of grant funds, loan funds,
business energy tax credit proceeds and federal and local
government funds made available to and funds donated to the
Oregon University System for the purpose of the steam plant
project described in subsection (1) of this section. Interest
earned on moneys in the account shall be credited to the account.
The account may not be credited with more than $12,000,000 in
Enrolled House Bill 3338 (HB 3338-INTRO) Page 28
interest, donations, grant funds, loan funds, tax credit proceeds
and federal and local government funds for purposes of this
subsection.
(3) Moneys in the account { - shall be considered to be
General Fund moneys for purposes of section 1 (3), Article XI-G
of the Oregon Constitution, - } are continuously appropriated to
the Oregon University System and may be transferred to the
account designated by ORS 351.626 for the steam plant project
described in subsection (1) of this section.
SECTION 55. ORS 351.509 is amended to read:
351.509. (1) There is established in the General Fund an
account to be known as the Portland State University Center for
Nanoscience and Nanotechnology Account. Funds in the account
shall be used for the { + acquisition and + } expansion of
microscopy and materials characterization facilities at Portland
State University related to a signature research center.
(2) The account shall consist of proceeds from lottery bonds
made available to the Oregon University System for the purpose of
the Portland State University center for nanoscience and
nanotechnology project described in subsection (1) of this
section. Interest earned on moneys in the account shall be
credited to the account.
(3) Moneys in the account { - shall be considered to be
General Fund moneys for purposes of section 1 (3), Article XI-G
of the Oregon Constitution, and - } are continuously
appropriated to the Oregon University System for the center for
nanoscience and nanotechnology project described in subsection
(1) of this section. The account may not be credited with more
than $500,000 in interest and proceeds from lottery bonds.
SECTION 56. ORS 351.511 is amended to read:
351.511. (1) There is established in the General Fund an
account to be known as the Portland State University Northwest
Engineering Science Center Phase I Account. Funds in the account
shall be used for { + acquisition or + } construction of an
engineering science center at Portland State University.
(2) The account shall consist of federal and local government
funds made available to and funds donated to the Oregon
University System for the purpose of the Portland State
University Northwest Engineering Science Center Phase I project
described in subsection (1) of this section. Interest earned on
moneys in the account shall be credited to the account.
(3) Moneys in the account { - shall be considered to be
General Fund moneys for purposes of section 1 (3), Article XI-G
of the Oregon Constitution, and - } are continuously
appropriated to the Oregon University System for { + the
purposes described in subsection (1) of this section + }
{ - that purpose - } . The account may not be credited with more
than $26,500,000 in interest, donations and federal and local
government funds for purposes of this subsection.
SECTION 57. ORS 351.516 is amended to read:
351.516. (1) There is established in the General Fund an
account to be known as the Eastern Oregon University Regional
Agricultural, Health and Life Sciences Building Account. Funds in
the account shall be used to { + acquire or + } construct a new
building for agriculture, health and life sciences studies at
Eastern Oregon University.
(2) The account shall consist of proceeds from lottery bonds
and federal and local government funds made available to and
funds donated to the Oregon University System for the purpose of
the Eastern Oregon University Regional Agricultural, Health and
Enrolled House Bill 3338 (HB 3338-INTRO) Page 29
Life Sciences Building project described in subsection (1) of
this section. Interest earned on moneys in the account shall be
credited to the account.
(3) Moneys in the account { - shall be considered to be
General Fund moneys for purposes of section 1 (3), Article XI-G
of the Oregon Constitution, and - } are continuously
appropriated to the Oregon University System for { + the
purposes described in subsection (1) of this section + }
{ - that purpose - } . The account may not be credited with more
than $14,470,500 in interest, proceeds from lottery bonds,
donations and federal and local government funds for purposes of
this subsection.
SECTION 58. ORS 351.517 is amended to read:
351.517. (1) There is established in the General Fund an
account to be known as the University of Oregon Education
Building and Complex Account. Funds in the account shall be used
for the { + acquisition, + } construction, remodeling,
expansion and renovation of facilities for an education building
and complex at the University of Oregon.
(2) The account shall consist of federal and local government
funds made available to and funds donated to the Oregon
University System for the purpose of the education building and
complex project described in subsection (1) of this section.
Interest earned on moneys in the account shall be credited to the
account. The account may not be credited with more than
$19,400,000 in interest, donations and federal and local
government funds for purposes of this subsection.
(3) Moneys in the account { - shall be considered to be
General Fund moneys for purposes of section 1 (3), Article XI-G
of the Oregon Constitution, - } are continuously appropriated to
the Oregon University System and may be transferred to the
account designated by ORS 351.626 for the education building and
complex project described in subsection (1) of this section.
SECTION 59. ORS 351.518 is amended to read:
351.518. (1) There is established in the General Fund an
account to be known as the University of Oregon Gilbert Hall
Account. Funds in the account shall be used for the
{ + acquisition, + } construction, remodeling, expansion and
renovation of facilities for Gilbert Hall at the University of
Oregon.
(2) The account shall consist of federal and local government
funds made available to and funds donated to the Oregon
University System for the purpose of the Gilbert Hall project
described in subsection (1) of this section. Interest earned on
moneys in the account shall be credited to the account. The
account may not be credited with more than $3,300,000 in
interest, donations and federal and local government funds for
purposes of this subsection.
(3) Moneys in the account { - shall be considered to be
General Fund moneys for purposes of section 1 (3), Article XI-G
of the Oregon Constitution, - } are continuously appropriated to
the Oregon University System and may be transferred to the
account designated by ORS 351.626 for the Gilbert Hall project
described in subsection (1) of this section.
SECTION 60. ORS 351.519 is amended to read:
351.519. (1) There is established in the General Fund an
account to be known as the University of Oregon Integrative
Science Complex Account. Funds in the account shall be used for
the { + acquisition, + } construction, remodeling, expansion and
renovation of facilities for an integrative science complex at
Enrolled House Bill 3338 (HB 3338-INTRO) Page 30
the University of Oregon that includes a multiscale materials and
devices laboratory and other facilities related to a signature
research center.
(2) The account shall consist of proceeds from lottery bonds
made available to the Oregon University System for the purpose of
the University of Oregon integrative science complex project
described in subsection (1) of this section. Interest earned on
moneys in the account shall be credited to the account.
(3) Moneys in the account { - shall be considered to be
General Fund moneys for purposes of section 1 (3), Article XI-G
of the Oregon Constitution, and - } are continuously
appropriated to the Oregon University System for the integrative
science complex project described in subsection (1) of this
section. The account may not be credited with more than
$4,750,000 in interest and proceeds from lottery bonds.
SECTION 61. ORS 351.521 is amended to read:
351.521. (1) There is established in the General Fund an
account to be known as the University of Oregon School of Music
Account. Funds in the account shall be used for additions and
alterations to the School of Music at the University of Oregon.
(2) The account shall consist of federal and local government
funds made available to and funds donated to the Oregon
University System for the purpose of the University of Oregon
School of Music project described in subsection (1) of this
section. Interest earned on moneys in the account shall be
credited to the account.
(3) Moneys in the account { - shall be considered to be
General Fund moneys for purposes of section 1 (3), Article XI-G
of the Oregon Constitution, and - } are continuously
appropriated to the Oregon University System for that purpose.
The account may not be credited with more than $7,600,000 in
interest, donations and federal and local government funds for
purposes of this subsection.
SECTION 62. ORS 351.532 is amended to read:
351.532. (1) There is established in the General Fund an
account to be known as the Oregon State University Engineering
Capital Construction Remodel Account. Funds in the account shall
be used for the HP Building II Renovation project at Oregon State
University for a microproducts breakthrough institute related to
a signature research center.
(2) The account shall consist of proceeds from lottery bonds
made available to the Oregon University System for the purpose of
the Oregon State University capital construction project
described in subsection (1) of this section. Interest earned on
moneys in the account shall be credited to the account.
(3) Moneys in the account { - shall be considered to be
General Fund moneys for purposes of section 1 (3), Article XI-G
of the Oregon Constitution, and - } are continuously
appropriated to the Oregon University System for the capital
construction project described in subsection (1) of this section.
The account may not be credited with more than $4,750,000 in
interest and proceeds from lottery bonds.
SECTION 63. ORS 351.538 is amended to read:
351.538. (1) There is established in the General Fund an
account to be known as the Museum of Art Project Account. Funds
in the account shall be used for additions to and alterations of
the Museum of Art at the University of Oregon.
(2) The account shall consist of federal and local government
funds made available to and funds donated to the Oregon
University System for the purposes of the Museum of Art project
Enrolled House Bill 3338 (HB 3338-INTRO) Page 31
described in subsection (1) of this section. Interest earned on
moneys in the account shall be credited to the account.
(3) Moneys in the account { - shall be considered to be
General Fund moneys for purposes of section 1 (3), Article XI-G
of the Oregon Constitution, and - } are continuously
appropriated to the Oregon University System for that purpose.
The account may not be credited with more than $6,360,000 in
interest, donations and federal and local government funds for
purposes of this subsection.
SECTION 64. ORS 351.539 is amended to read:
351.539. (1) There is established in the General Fund an
account to be known as the Straub Hall Project Account. Funds in
the account shall be used for the additions to and alterations of
Straub Hall at the University of Oregon.
(2) The account shall consist of federal and local government
funds made available to and funds donated to the Oregon
University System for the purposes of the Straub Hall project
described in subsection (1) of this section. Interest earned on
moneys in the account shall be credited to the account.
(3) Moneys in the account { - shall be considered to be
General Fund moneys for purposes of section 1 (3), Article XI-G
of the Oregon Constitution, and - } are continuously
appropriated to the Oregon University System for that purpose.
The account may not be credited with more than $1,166,000 in
interest, donations and federal and local government funds for
purposes of this subsection.
SECTION 65. ORS 351.628 is amended to read:
351.628. (1) There is established in the General Fund an
account to be known as the Higher Education Academic
Modernization Account. Funds in the account shall be used at
state institutions of higher education within the Oregon
University System for academic modernization, capital repair,
deferred maintenance and making facilities compliant with
building and safety codes.
(2) The account shall consist of funds donated to the Oregon
University System for the purposes described in subsection (1) of
this section. The account may also consist of other funds
available to the Oregon University System for the purposes
described in subsection (1) of this section. The Oregon
University System may not deposit any moneys into the account
that were appropriated to the Department of Higher Education
under chapter 725, Oregon Laws 2003. Interest earned on moneys in
the account shall be credited to the account.
(3) Moneys in the account { - shall be considered to be
General Fund moneys for purposes of section 1 (3), Article XI-G
of the Oregon Constitution, and - } are continuously
appropriated to the Oregon University System for the purposes
described in subsection (1) of this section. The account may not
be credited with more than $1,000,000 in interest, donations and
other funds.
SECTION 66. { + ORS 351.470 is repealed. + }
SECTION 67. { + The amendments to ORS 341.725, 341.728,
341.735, 341.751, 341.753, 341.755, 341.757, 341.759, 341.762,
341.764, 341.766, 341.768, 341.771, 341.773, 341.775, 341.777,
341.779, 341.782, 341.784, 341.787, 351.153, 351.160, 351.170,
351.356, 351.450, 351.455, 351.460, 351.507, 351.508, 351.509,
351.511, 351.516, 351.517, 351.518, 351.519, 351.521, 351.532,
351.538, 351.539 and 351.628 and sections 11, 12, 13, 14, 15, 16
and 17, chapter 761, Oregon Laws 2007, sections 6, 7, 11, 12 and
13, chapter 2, Oregon Laws 2009, and sections 14, 15, 16, 17, 18,
Enrolled House Bill 3338 (HB 3338-INTRO) Page 32
19, 20, 21, 22, 23 and 24, chapter 904, Oregon Laws 2009, by
sections 3 to 65 of this 2011 Act and the repeal of ORS 351.470
by section 66 of this 2011 Act apply to bonds issued prior to, on
or after the effective date of this 2011 Act. + }
SECTION 68. { + This 2011 Act being necessary for the
immediate preservation of the public peace, health and safety, an
emergency is declared to exist, and this 2011 Act takes effect on
its passage. + }
----------
Passed by House February 28, 2011
.............................................................
Ramona Kenady Line, Chief Clerk of House
.............................................................
Bruce Hanna, Speaker of House
.............................................................
Arnie Roblan, Speaker of House
Passed by Senate March 1, 2011
.............................................................
Peter Courtney, President of Senate
Enrolled House Bill 3338 (HB 3338-INTRO) Page 33
Received by Governor:
......M.,............., 2011
Approved:
......M.,............., 2011
.............................................................
John Kitzhaber, Governor
Filed in Office of Secretary of State:
......M.,............., 2011
.............................................................
Kate Brown, Secretary of State
Enrolled House Bill 3338 (HB 3338-INTRO) Page 34
