SB5701 State Financial Administration Emergency Measure
Summary
Oregon Governor signed SB5701, an emergency measure amending state financial administration law regarding lottery bonds and debt instruments. The Act modifies authorized borrowing amounts for the biennium, authorizes lottery bonds for Moda Center capital improvements and Oregon State University Cascades Student Health and Recreation Center, and modifies previously approved bonding provisions. The emergency declaration makes the measure effective immediately upon passage.
What changed
Oregon enacted SB5701 as an emergency measure effective immediately upon passage. The Act modifies lottery bond authorizations from prior legislative sessions, increases debt instrument issuance limits for the current and subsequent biennium, and establishes conditions for bond issuance for specified capital projects including Moda Center improvements and the OSU Cascades Student Health and Recreation Center. The bill also includes apprenticeship, outreach, and benefits requirements for the OSU Cascades project.
Affected parties include state agencies administering capital construction projects, financial institutions involved in Oregon municipal bond issuance, and contractors bidding on state projects subject to the new requirements. The emergency declaration and immediate effective date indicate legislative priority for these capital investments but do not create broad compliance obligations for regulated private-sector entities.
What to do next
- Monitor for updates on implementation of new lottery bond provisions
- Review conditions for Moda Center capital improvement bond issuance
Archived snapshot
Apr 8, 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 Signed by Governor SB5701 Senate Bill Signed by Governor 2026-04-07
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...
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Sponsors
Ways and Means
Action History
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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