SB5701 State Financial Administration - Lottery Bond Modifications and Capital Projects
Summary
Oregon enacted SB5701 on April 7, 2026, amending state financial administration laws relating to lottery bonds and state borrowing authority. The Act modifies debt instrument issuance amounts for the biennium and authorizes bonds for Moda Center capital improvements and Oregon State University Cascades Student Health and Recreation Center. The OSU Cascades project is subject to apprenticeship, outreach, and benefits requirements.
What changed
SB5701 modifies Oregon's state financial administration laws by adjusting authorized lottery bond amounts for the 2026 biennium. The Act authorizes new bond issuance for Moda Center capital improvements and updates previously approved bonding provisions. A provision requires the OSU Cascades Student Health and Recreation Center project to meet certain apprenticeship, outreach, and benefits requirements.
For state agencies and bond participants, the bill establishes new borrowing authorizations and capital project conditions. Financial institutions and contractors working on affected projects should verify compliance with the specified apprenticeship and benefits requirements.
What to do next
- Monitor for Oregon Treasury guidance on bond issuance procedures
- Review apprenticeship and benefits requirements for OSU Cascades project
Archived snapshot
Apr 15, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
ChangeBridge / Oregon / SB5701 Effective Date SB5701 Senate Bill Effective Date 2026-04-14
Relating to state financial administration; and declaring an emergency.
The Act changes law relating to borrowing by the state for certain projects. (Flesch Readability Score: 63.4). [Digest: The Act changes lottery bonds from prior sessions. (Flesch Readability Score: 61.2).] Modifies amounts authorized for issuance of debt instruments for the biennium. Authorizes issuance of bonds and certificates of participation for Moda Center capital improvement in the current biennium and subsequent biennium, subject to certain conditions. Modifies previously approved lottery bonding provisions. Authorizes issuance of various lottery bonds. Provides that the Oregon State University Cascades Student Health and Recreation Center project is subject to certain requirements related to apprenticeship, outreach and benefits. Declares an emergency, effective on passage.
Bill Details
State Oregon
Session 2026 Legislative Measures
Chamber Senate
Official Source olis.oregonlegislature.gov/liz/2026R1/Meas...
LegiScan View on LegiScan
Sponsors
Ways and Means
Action History
2026-04-14 S Effective date, April 7, 2026. 2026-04-14 S Chapter 136, 2026 Laws. 2026-04-07 S Governor signed. 2026-03-10 H Speaker signed. 2026-03-10 S President signed. 2026-03-06 H Rules suspended. Third reading. Carried by Nosse. Passed. Ayes, 49; Nays, 4--Harbick, Osborne, Scharf, Wallan; Excused, 7--Hartman, Javadi, Levy B, McIntire, Owens, Ruiz, Valderrama. 2026-03-06 H Rules suspended. Second reading. 2026-03-06 H Recommendation: Do pass. 2026-03-06 H Referred to Ways and Means. 2026-03-06 H First reading. Referred to Speaker's desk. 2026-03-06 S Third reading. Carried by Girod. Passed. Ayes, 25; Nays, 2--Linthicum, Robinson; Excused, 3--Drazan, Hayden, Thatcher. 2026-03-05 S Second reading. 2026-03-04 S Recommendation: Do pass with amendments. (Printed A-Eng.) 2026-03-03 S Returned to Full Committee. 2026-03-03 S Work Session held. 2026-03-03 S Work Session held. 2026-02-13 S Public Hearing held. 2026-02-09 S Assigned to Subcommittee On Capital Construction. 2026-02-09 S Referred to Ways and Means. 2026-02-09 S Introduction and first reading. Referred to President's desk.
Votes
2026-03-03 Senate Committee Do pass with amendments. (Printed A-Eng.) Yea: 24 Nay: 0 2026-03-06 Senate Third Reading Yea: 25 Nay: 2 2026-03-06 House Third Reading Yea: 49 Nay: 4
Committee Referrals
2026-02-09 J Ways and Means 2026-02-09 J Capitol Construction 2026-03-06 J Ways and Means
Amendments
2026-03-03 Joint Subcommittee On Capital Construction Amendment #-2 2026-03-03 Joint Committee On Ways and Means Amendment #-2 Adopted
Bill Text Versions
0000-00-00 Introduced 0000-00-00 Introduced 0000-00-00 Engrossed 0000-00-00 Enrolled Legislative data powered by LegiScan (CC BY 4.0)
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