Bill Text: OR HB4028 | 2012 | Regular Session | Engrossed
Bill Title: Relating to lottery bonds; declaring an emergency.
Spectrum: Unknown
Status: (Failed) 2012-03-05 - In committee upon adjournment. [HB4028 Detail]
Download: Oregon-2012-HB4028-Engrossed.html
76th OREGON LEGISLATIVE ASSEMBLY--2012 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 281
A-Engrossed
House Bill 4028
Ordered by the House February 10
Including House Amendments dated February 10
Introduced and printed pursuant to House Rule 12.00. Presession
filed (at the request of House Interim Committee on
Transportation and Economic Development)
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.
Increases amount of lottery bonds issued to finance grants and
loans for transportation projects by $10 million for biennium
beginning July 1, 2011.
Authorizes $10 million in lottery bonds to be issued for water
and sewer infrastructure projects.
Authorizes $10 million in lottery bonds to be issued for
community college capital construction. { + Specifies projects
to be funded by proceeds. Requires Department of Community
Colleges and Workforce Development to submit to Legislative
Assembly progress report on projects. + }
{ - Authorizes $20 million in lottery bonds to be issued for
Oregon Growth Account. - }
Declares emergency, effective on passage.
A BILL FOR AN ACT
Relating to lottery bonds; creating new provisions; amending
section 20, chapter 624, Oregon Laws 2011; and declaring an
emergency.
Be It Enacted by the People of the State of Oregon:
SECTION 1. { + Sections 3 and 4 of this 2012 Act and the
amendments to section 20, chapter 624, Oregon Laws 2011, by
section 2 of this 2012 Act shall be known and may be cited as the
Transportation and Economic Development Act of 2012. + }
SECTION 2. Section 20, chapter 624, Oregon Laws 2011, is
amended to read:
{ + Sec. 20. + } (1) For the biennium beginning July 1, 2011,
at the request of the Oregon Department of Administrative
Services, in consultation with the Department of Transportation,
the State Treasurer is authorized to issue lottery bonds pursuant
to ORS 286A.560 to 286A.585 in an amount not to exceed net
proceeds of
{ - $40 - } { + $50 + } 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 lottery bonds issued pursuant to this
section must be deposited in the Multimodal Transportation Fund
established under ORS 367.080 sufficient to provide { - $40 - }
{ + $50 + } million in net proceeds and interest earnings for
the Department of Transportation to finance grants and loans for
transportation projects as provided in ORS 367.080 to 367.086.
(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).
(4) The Legislative Assembly finds that issuing lottery bonds
to finance transportation projects pursuant to this section is
essential to promoting the state's economic development and the
use of lottery bond proceeds is authorized based on the following
findings:
(a) There is an urgent need to improve and expand publicly
owned and privately owned transportation infrastructure to
support economic development in this state.
(b) A safe, efficient and reliable transportation network
supports the long-term economic development and livability of
this state.
(c) A multimodal network of air, rail, public transit, highway
and marine transportation moves people and goods efficiently.
(d) Local governments and private sector businesses often lack
capital and the technical capacity to undertake multimodal
transportation projects.
(e) Public financial assistance can stimulate industrial growth
and commercial enterprise and promote employment opportunities in
this state.
(f) Public investment in transportation infrastructure will
create jobs and further economic development in this state.
(g) The use of lottery bond proceeds as provided in this
section will create jobs, further economic development, finance
public education or protect parks, watersheds, fish or wildlife
within Oregon, and issuance of lottery bonds for the purpose
described in this section 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) For the biennium beginning July 1, 2011, at
the request of the Oregon Department of Administrative Services,
in consultation with the Oregon Business Development Department,
the State Treasurer is authorized to issue lottery bonds pursuant
to ORS 286A.560 to 286A.585 in an amount not to exceed net
proceeds of $10 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 lottery bonds issued pursuant to this
section must be deposited in the Special Public Works Fund
established under ORS 285B.455 sufficient to provide $10 million
in net proceeds and interest earnings for the Oregon Business
Development Department to finance low-interest loans to
municipalities, ports and other persons or entities for water and
sewer infrastructure projects.
(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).
(4) The Legislative Assembly finds that issuing lottery bonds
to finance water and sewer infrastructure projects pursuant to
this section is essential to promoting the state's economic
development and the use of lottery bond proceeds is authorized
based on the following findings:
(a) Financial assistance to municipalities, ports and other
persons and entities for projects to improve water or sewer
infrastructure is essential to the health of the people of this
state.
(b) Public investments in water or sewer infrastructure
projects will create jobs and further economic growth while
ensuring the continued health of water and sewer systems. + }
SECTION 4. { + (1) For the biennium beginning July 1, 2011, at
the request of the Oregon Department of Administrative Services,
in consultation with the Department of Community Colleges and
Workforce Development, the State Treasurer is authorized to issue
lottery bonds pursuant to ORS 286A.560 to 286A.585 in an amount
not to exceed net proceeds of $10 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 lottery bonds issued pursuant to this
section must be deposited in the Community College Capital
Construction Fund established under ORS 341.725 sufficient to
provide $9,604,450 in net proceeds and interest earnings for the
Department of Community Colleges and Workforce Development to
finance the following projects with a targeted workforce
preparation and development focus that have been prioritized by
all 17 community colleges in this state in the following
amounts: + }
________________________________________________________________
____NOTE_TO_WEB_CUSTOMERS:__________________________________
THE FOLLOWING TABULAR TEXT MAY BE IRREGULAR.
FOR COMPLETE INFORMATION PLEASE SEE THE PRINTED MEASURE.
_______________________________________________________________
{ +
Funding
Amount
Requested + }
____NOTE_TO_WEB_CUSTOMERS:__________________________________
THE FOLLOWING TABULAR TEXT MAY BE IRREGULAR.
FOR COMPLETE INFORMATION PLEASE SEE THE PRINTED MEASURE.
_______________________________________________________________
{ +
(a)Blue Mountain Community College
Veterinary Assistant
Certificate Program... $465,037
(b) Central Oregon Community College
Math and Science Laboratories,
Redmond Campus........ $500,000
(c) Chemeketa Community College
CTE/STEM Facilities Improvement
Project............... $1,000,000
(d) Clackamas Community College
Industrial Technology and Science
Workforce Advancement. $800,000
(e) Clatsop Community College
Welding and Fabrication
Program .............. $281,785
(f) Columbia Gorge Community College
CGCC Rural Clinical Simulation
Center Essential Capital
Equipment Replacement. $297,193
(g) Klamath Community College
Culinary Arts, AAS; Foodservice
Systems; Administration and
Management............ $300,000
(h) Lane Community College
Science, Technology, Engineering
and Math Classrooms and Labs $1,000,000
(i) Linn-Benton Community College
Advanced Transportation
Technology Center..... $800,000
(j) Mt. Hood Community College
Lab and Classroom Additions
and Upgrades.......... $800,000
(k) Oregon Coast Community College
Renovations to Allied Health
Training Center and Science
Laboratory............ $273,235
(L) Portland Community College
Trades Training Center $1,000,000
(m) Rogue Community College
Manufacturing and
Fabrication Flex Lab.. $500,000
(n) Southwestern Oregon Community College
Renovate Labs and Classrooms
for STEM and CTE Support $387,200
(o) Tillamook Bay Community College
Ag and Natural Resources
Learning Lab.......... $300,000
(p) Treasure Valley Community College
Science and Technology
Classrooms and Labs and
Agriculture Livestock Center
Classroom and Lab..... $500,000
(q) Umpqua Community College
Douglas County CTE/STEM
Centers............... $400,000 + }
____________________________________________________________
END OF POSSIBLE IRREGULAR TABULAR TEXT
____________________________________________________________
________________________________________________________________
{ + (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).
(4) The Legislative Assembly finds that issuing lottery bonds
to finance community college capital construction projects
pursuant to this section is essential to promoting the state's
economic development and the use of lottery bond proceeds is
authorized based on the following findings:
(a) New buildings and facilities are needed for community
colleges to have adequate facilities for teaching.
(b) Development of community college infrastructure with a
focus on workforce preparation and development prioritized by all
17 community colleges in this state will serve to educate and
develop a future workforce essential to Oregon's economic growth.
(5) Following the sale of bonds for projects described in
subsection (2) of this section, the Department of Community
Colleges and Workforce Development shall submit a progress report
to the Legislative Assembly. The progress report shall include
all of the following information for each project described in
subsection (2) of this section:
(a) The planned start date of the project.
(b) The actual start date of the project.
(c) The current status of the project.
(d) The project completion date or scheduled completion date.
(e) Expenditures made for the project to date.
(f) The number of construction hours worked.
(g) The proportion of funds used for equipment purchase and new
construction.
(h) The percentage of jobs performed or contracts fulfilled by
Oregon residents.
(i) A description of increased program capacity resulting from
the project.
(j) A description of the local workforce need addressed by the
project. + }
SECTION 5. { + This 2012 Act being necessary for the immediate
preservation of the public peace, health and safety, an emergency
is declared to exist, and this 2012 Act takes effect on its
passage. + }
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