Relating to Article XI-Q bonds; appropriating money; and declaring an emergency.
Catchline/Summary:
Authorizes State Treasurer to issue Article XI-Q bonds, subject to biennial budget authorization for bond issuance, to finance costs associated with real or personal property that is or will be owned or operated by State of Oregon. Authorizes State Treasurer to issue Article XI-Q bonds, subject to biennial budget authorization for bond issuance, to finance costs associated with real or personal property that is or will be owned or operated by State of Oregon.
Authorizes State Treasurer to refinance costs associated with real or personal property that were financed by outstanding borrowings.
Establishes Article XI-Q Bond Fund and Article XI-Q Bond Administration Fund. Continuously appropriates moneys from funds.
Creates bond program by which state agency may request financing for real or personal property projects with Article XI-Q bond proceeds or refinancing of borrowings issued before effective date of Article XI-Q of Oregon Constitution that would have qualified for financing under Article XI-Q.
Adjusts biennial budget authorization for issuance of bonds in biennium beginning July 1, 2009.
Declares emergency, effective on passage.
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SB 19
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