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83rd OREGON LEGISLATIVE ASSEMBLY--2025 Regular Session
House Bill 3377
Sponsored by Representative ISADORE; Representative NOSSE
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.The statement includes a measure digest written in compliance with applicable readability
standards.
Digest: The Act says the state may issue lottery bonds to help pay for a public market in
Portland. (Flesch Readability Score: 75.7).
Authorizes lottery bonds for construction of the James Beard Public Market in Portland.
Declares an emergency, effective July 1, 2025.
A BILL FOR AN ACT
Relating to the James Beard Public Market; and declaring an emergency.
Be It Enacted by the People of the State of Oregon:
SECTION 1. (1) For the biennium beginning July 1, 2025, at the request of the Oregon
Department of Administrative Services, after the department consults with the Historic
Portland Public Market Foundation, the State Treasurer is authorized to issue lottery bonds
pursuant to ORS 286A.560 to 286A.585 in an amount that produces $10 million in net proceeds
for the purposes described in subsection (2) of this section, plus an additional amount esti-
mated by the State Treasurer to be necessary to pay bond-related costs.
(2) Net proceeds of lottery bonds issued under this section must be transferred to the
department for deposit in the ODAS Economic Development Distributions Fund established
under ORS 461.553, for distribution to the Historic Portland Public Market Foundation for
construction of the James Beard Public Market in Portland.
(3) The Legislative Assembly finds that the use of lottery bond proceeds will create jobs,
further economic development, finance public education or restore and protect parks,
beaches, watersheds and native fish and wildlife, and is authorized based on the finding that
the James Beard Public Market will facilitate economic development by invigorating down-
town Portland, promoting local farming and food industries and providing a central location
for local vendors.
SECTION 2. This 2025 Act being necessary for the immediate preservation of the public
peace, health and safety, an emergency is declared to exist, and this 2025 Act takes effect
July 1, 2025.
NOTE:Matter in boldfaced type in an amended section is new; matter [italic and bracketed] is existing law to be omitted.
New sections are in boldfaced type.
LC 4013