Bill Text: OR HB3627 | 2011 | Regular Session | Introduced

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Bill Title: Relating to graduate facilities at Oregon State University Cascades Campus; appropriating money; declaring an emergency.

Spectrum: Partisan Bill (Republican 5-0)

Status: (Failed) 2011-06-30 - In committee upon adjournment. [HB3627 Detail]

Download: Oregon-2011-HB3627-Introduced.html

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     76th OREGON LEGISLATIVE ASSEMBLY--2011 Regular Session

NOTE:  Matter within  { +  braces and plus signs + } in an
amended section is new. Matter within  { -  braces and minus
signs - } is existing law to be omitted. New sections are within
 { +  braces and plus signs + } .

LC 4042

                         House Bill 3627

Sponsored by Representatives CONGER, WHISNANT, Senator TELFER;
  Representatives HUFFMAN, MCLANE

                             SUMMARY

The following summary is not prepared by the sponsors of the
measure and is not a part of the body thereof subject to
consideration by the Legislative Assembly. It is an editor's
brief statement of the essential features of the measure as
introduced.

  Authorizes State Treasurer to issue lottery bonds to assist in
financing acquisition or construction of graduate studies
facility for Oregon State University Cascades Campus. Authorizes
use of net proceeds of lottery bonds after Oregon University
System certifies availability of funds to match proceeds to State
Treasurer and Oregon Department of Administrative Services.
  Establishes Oregon State University Cascades Campus Graduate
Facility Fund. Appropriates moneys in fund to Oregon University
System.
  Declares emergency, effective on passage.

                        A BILL FOR AN ACT
Relating to graduate facilities at Oregon State University
  Cascades Campus; appropriating money; and declaring an
  emergency.
  Whereas Oregon State University Cascades Campus is an important
component in efforts to foster a diverse and thriving economy in
central Oregon; and
  Whereas Oregon State University Cascades Campus will contribute
approximately $1.3 million toward the purchase of a building to
house graduate programs at the campus; and
  Whereas Oregon State University Cascades Campus will reduce
expenses by approximately $164,524 per year by avoiding the cost
of leasing a facility to meet its office and classroom needs; and
  Whereas Bend Research, a pharmaceutical and research company,
has discussed locating testing equipment for use by students of
the Oregon State University Cascades Campus; and
  Whereas Governor Kitzhaber has implemented the concept of
regional solutions centers to deliver community-based projects
and local jobs, and the Oregon State University Cascades Campus
graduate studies facility is expected to house a regional
solutions center; and
  Whereas the unemployment rate for the area around the Oregon
State University Cascades Campus ranges from 14 to 17 percent;
and
  Whereas the Oregon State University Cascades Campus has an
immediate need for more classrooms, more offices and more space
to serve a rising student enrollment, and the university can
accommodate the need by the fall semester of 2011 by purchasing a
facility; now, therefore,
Be It Enacted by the People of the State of Oregon:
  SECTION 1.  { + (1) At the request of the Oregon Department of
Administrative Services, in consultation with the Oregon
University System, the State Treasurer may issue lottery bonds
pursuant to ORS 286A.560 to 286A.585, for the biennium beginning
July 1, 2011, in an amount not to exceed net proceeds of $2
million for the purpose described in subsection (2) of this
section, plus an additional amount, to be estimated by the State
Treasurer, for payment of bond-related costs.
  (2) Net proceeds of bonds issued pursuant to this section must
be deposited in the Oregon State University Cascades Campus
Graduate Facility Fund established in section 3 of this 2011 Act
to match local funds, on a one-to-one basis, to finance the
planning, acquisition, construction or equipping of a graduate
studies facility for the Oregon State University Cascades Campus.
  (3) Bond-related costs for the lottery bonds authorized by this
section must be paid from the gross proceeds of the lottery bonds
and from allocations for the purposes of ORS 286A.576 (1)(c). + }
  SECTION 2.  { + The Legislative Assembly finds that:
  (1) Education and job training are essential to economic
development and the creation of employment opportunities in
central Oregon.
  (2) A well-educated workforce is one of the factors that
employers consider when identifying the location of new
industrial and commercial facilities.
  (3) The factors described in this section will encourage and
promote job creation and economic development within the State of
Oregon, and issuance of lottery bonds to finance the planning,
acquisition, construction or equipping of a graduate studies
facility for the Oregon State University Cascades Campus is
therefore an appropriate use of state lottery funds under section
4, Article XV of the Oregon Constitution, and ORS 461.510. + }
  SECTION 3.  { + (1) The Oregon State University Cascades Campus
Graduate Facility Fund is established in the State Treasury,
separate and distinct from the General Fund. Interest earned on
moneys in the Oregon State University Cascades Campus Graduate
Facility Fund shall be credited to the fund. The fund consists of
moneys deposited in the fund under section 1 of this 2011 Act,
and may include fees, revenues, other income deposited in the
fund by the Legislative Assembly or matching funds dedicated to
financing the graduate studies facility. Moneys in the fund are
continuously appropriated to the Oregon University System for the
purposes described in subsection (2) of this section.
  (2) Moneys in the fund may be used to:
  (a) Finance the planning, acquisition, construction or
equipping of a graduate studies facility on the grounds of the
Oregon State University Cascades Campus.
  (b) Pay the costs of the system to administer the fund.
  (c) Pay bond-related costs, as defined in ORS 286A.560.
  (3) The State Treasurer may deposit the net proceeds of the
lottery bonds issued pursuant to section 1 of this 2011 Act in
the fund only after the Oregon University System certifies to the
State Treasurer and the Oregon Department of Administrative
Services in writing that the system has all the funds necessary
to match net proceeds of lottery bonds issued pursuant to section
1 of this 2011 Act. + }
  SECTION 4.  { + 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. + }
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