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83rd OREGON LEGISLATIVE ASSEMBLY--2025 Regular Session
Senate Bill 5531
Printed pursuant to Senate Interim Rule 213.28 by order of the President of the Senate in conformance with pre-
session filing rules, indicating neither advocacy nor opposition on the part of the President (at the request
of Oregon Department of Administrative Services)
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 governs lottery bonds. (Flesch Readability Score: 66.4).
Modifies the amount and purposes of lottery bonds authorized to be issued for specified state
agencies.
Authorizes the issuance of various other lottery bonds.
Establishes funds, or provides for deposit of moneys into existing funds, and appropriates moneys
for projects financed.
Provides that the State Treasurer may not issue certain lottery bonds unless the Oregon De-
partment of Administrative Services determines that the recipient is ready to expend the proceeds
for authorized uses.
Declares an emergency, effective July 1, 2025.
A BILL FOR AN ACT
Relating to lottery bonds; creating new provisions; amending ORS 285B.551 and section 4, chapter
906, Oregon Laws 2009; and declaring an emergency.
Be It Enacted by the People of the State of Oregon:
SECTION 1. ORS 285B.551 is amended to read:
285B.551. (1) Pursuant to ORS 286A.560 to 286A.585, at the request of the Oregon Department
of Administrative Services, after the department consults with the Oregon Business Development
Department, the State Treasurer is authorized to issue lottery bonds:
(a) To provide financial and other assistance, including but not limited to loans and grants, to
municipalities, ports and other persons and entities in accordance with the laws governing use of
moneys in the Special Public Works Fund created by ORS 285B.455, the Water Fund created by ORS
285B.563, the Safe Drinking Water Revolving Loan Fund created by ORS 285A.213, the Oregon Port
Revolving Fund created by ORS 285A.708, the Brownfields Redevelopment Fund created by ORS
285A.188, the Oregon Brownfield Properties Revitalization Fund created by ORS 285A.198, the
Oregon Business Development Fund created by ORS 285B.092 and the Marine Navigation Improve-
ment Fund created by ORS 777.267.
(b) To fund Oregon’s share of the costs of the Columbia River channel deepening project.
(c) To fund Oregon’s share of the costs of studies and ecosystem restoration projects in the
lower Columbia River estuary designed to improve habitat for listed endangered or threatened spe-
cies of Columbia River anadromous salmonids.
(2) The use of lottery bond proceeds is authorized based on the following findings:
(a) The financial and other assistance to municipalities, ports and other persons and entities
will assist in the establishment and expansion of businesses in Oregon and in the construction, im-
provement and expansion of infrastructure, community and port facilities and other facilities that
comprise the physical foundation for industrial and commercial activity and provide the basic
Note: For budget, see 2025-2027 Biennial Budget
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 9531 SB5531
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framework for continued and expanded economic opportunities and quality communities throughout
Oregon.
(b) The Columbia River channel deepening project is necessary to allow newer, larger
steamships access to Oregon and Washington deep draft ports. A deeper shipping channel will allow
the Columbia River to continue as a world leader in agricultural exports and as a key trade corridor
for farms and businesses throughout Oregon and the region.
(c) Such financial and other assistance to municipalities, ports and other persons and entities
and the deepening of the Columbia River channel will therefore promote economic development
within this state, and thus the use of net proceeds derived from the operation of the Oregon State
Lottery to pay debt service on lottery bonds issued under this section to provide such financial and
other assistance to municipalities, ports and other persons and entities and to pay a portion of the
costs of deepening the Columbia River channel is an authorized use of state lottery funds under
section 4, Article XV of the Oregon Constitution, and ORS 461.510.
(d) The current lower Columbia River estuary habitat for listed endangered or threatened spe-
cies of Columbia River anadromous salmonids could be improved through ecosystem restoration
projects. The use of the Oregon State Lottery to pay debt service on lottery bonds issued under this
section to pay for studying how the estuary could be improved and to pay for ecosystem restoration
projects are authorized uses of state lottery funds.
(3)(a) The aggregate principal amount of lottery bonds issued pursuant to subsection (1)(a) of
this section for financial and other assistance to municipalities, ports and other persons and entities
may not exceed the sum of [$416,226,252] $466,226,252 and an additional amount estimated by the
State Treasurer to be necessary to pay bond-related costs. The aggregate principal amount of lottery
bonds issued pursuant to subsection (1)(b) of this section for the Columbia River channel deepening
project may not exceed the sum of [$17.7] $32.7 million and an additional amount estimated by the
State Treasurer to be necessary to pay bond-related costs.
(b) The Oregon Department of Administrative Services may not request the issuance of lottery
bonds under subsection (1)(b) of this section until the Director of the Oregon Business Development
Department determines that a final environmental impact statement has been issued and a record
of decisions has been submitted to Congress by the United States Army Corps of Engineers, Con-
gress has authorized the Columbia River channel deepening project, and the Washington sponsors’
shares of the costs of the Columbia River channel deepening project have been committed.
(4) The net proceeds of lottery bonds issued pursuant to subsection (1)(a) and (b) of this section
shall be deposited in the Economic Infrastructure Project Fund, which is hereby established in the
State Treasury separate and distinct from the General Fund. Interest earned by the Economic
Infrastructure Project Fund shall be credited to the fund. All moneys in the Economic Infrastructure
Project Fund are continuously appropriated to the Oregon Business Development Department for
any purpose for which moneys in the Special Public Works Fund created by ORS 285B.455 may be
used, any purpose for which moneys in the Water Fund created by ORS 285B.563 may be used, any
purpose for which moneys in the Safe Drinking Water Revolving Loan Fund created by ORS
285A.213 may be used, any purpose for which moneys in the Oregon Port Revolving Fund created
by ORS 285A.708 may be used, any purpose for which moneys in the Brownfields Redevelopment
Fund created by ORS 285A.188 may be used, any purpose for which moneys in the Oregon Business
Development Fund created by ORS 285B.092 may be used and any purpose for which moneys in the
Marine Navigation Improvement Fund created by ORS 777.267 may be used. The Director of the
Oregon Business Development Department shall allocate the moneys deposited in the Economic
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Infrastructure Project Fund for the purposes described in this subsection in accordance with the
priorities developed by the Oregon Business Development Commission in accordance with ORS
285A.020. However, the director shall transfer from the Economic Infrastructure Project Fund and
deposit into the Channel Deepening Account of the Marine Navigation Improvement Fund the pro-
ceeds of any lottery bonds sold to finance a portion of the costs of the Columbia River channel
deepening project. Upon determining the relative allocation of moneys deposited in the Economic
Infrastructure Project Fund among the purposes described in this subsection, the director shall
transfer from the Economic Infrastructure Project Fund, and deposit into each of the other funds
described in this subsection, the amounts so allocated. Notwithstanding any other provision of law
governing the funds described in this subsection, the funds described in this subsection may be
credited with moneys transferred from the Economic Infrastructure Project Fund by the director in
accordance with this subsection.
(5) The aggregate principal amount of lottery bonds issued pursuant to subsection (1)(c) of this
section for the costs of studies and ecosystem restoration projects in the lower Columbia River
estuary may not exceed the sum of $750,000 and an additional amount estimated by the State
Treasurer to be necessary to pay bond-related costs. The net proceeds of lottery bonds issued pur-
suant to subsection (1)(c) of this section shall be deposited in the Oregon Business, Innovation and
Trade Fund created by ORS 285A.227 and may be used only for the Oregon nonfederal share of
United States Army Corps of Engineers Columbia River estuary projects authorized by Congress
prior to August 9, 2001. The director may not request the issuance of lottery bonds under subsection
(1)(c) of this section until Congress and Washington have authorized their respective shares of the
costs of the studies and ecosystem restoration projects in the lower Columbia River estuary.
(6) The proceeds of lottery bonds issued pursuant to this section may be used only for the pur-
poses set forth in this section and for bond-related costs.
SECTION 2. (1) For the biennium beginning July 1, 2025, at the request of the Oregon
Department of Administrative Services, after the department consults 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 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
Oregon Business Development Department for deposit in the Levee Project Grant Fund es-
tablished in ORS 285B.421, for the purpose of providing grants under ORS 285B.420 for levee
projects as defined in ORS 285B.410.
(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 following
findings:
(a) Levees are an integral part of the commercial and industrial infrastructure of this
state;and
(b) The inspection, accreditation, certification and repair of levees will promote economic
development within this state.
SECTION 3.(1) For the biennium beginning July 1, 2025, at the request of the Oregon
Department of Administrative Services, after the department consults with the Oregon
Business Development Department, the State Treasurer is authorized to issue lottery bonds
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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
Oregon Business Development Department for deposit in the Brownfields Redevelopment
Fund established in ORS 285A.188 for the purposes described in ORS 285A.185 and 285A.188.
(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 following
findings:
(a) Redevelopment of industrial-zoned brownfields improves the economy by returning
the assessed value of the properties to the real market value for property taxation purposes;
and
(b) The projects made possible through increased funding to evaluate, clean up and re-
develop brownfields properties create jobs and further economic development.
SECTION 4. (1) For the biennium beginning July 1, 2025, at the request of the Oregon
Department of Administrative Services, after the department consults 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 that produces $5 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
Oregon Business Development Department for deposit in the Oregon Brownfield Properties
Revitalization Fund established in ORS 285A.198 for the purposes described in ORS 285A.193
to 285A.198.
SECTION 5.(1) For the biennium beginning July 1, 2025, at the request of the Oregon
Department of Administrative Services, after the department consults 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 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
Oregon Business Development Department for deposit in the Oregon Port Revolving Fund
established in ORS 285A.708 for the purposes described in ORS 285A.666 to 285A.732.
SECTION 6.(1) For the biennium beginning July 1, 2025, at the request of the Oregon
Department of Administrative Services, after the department consults 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 that produces $30 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
Oregon Business Development Department for deposit in the Child Care Infrastructure Fund
established in ORS 329A.725.
(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,
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beaches, watersheds and native fish and wildlife, and is authorized based on the following
findings:
(a) Increasing the capacity of child care facilities will create jobs; and
(b) Providing additional opportunities for child care will allow more individuals needing
child care to seek employment, promoting economic growth.
SECTION 7. (1) For the biennium beginning July 1, 2025, at the request of the Oregon
Department of Administrative Services, after the department consults with the Department
of Education, the State Treasurer is authorized to issue lottery bonds pursuant to ORS
286A.560 to 286A.585 in an amount that produces $5 million in net proceeds for the purposes
described in subsection (2) of this section, plus an additional amount estimated 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 of Education for deposit in the Connecting Oregon Schools Fund established in
ORS 276A.424, for providing matching funds for federal moneys received by school districts,
education service districts, public charter schools or a consortium that consists of any
combination of school districts, education service districts and public charter schools, for the
purpose of providing broadband access to eligible education facilities in this state.
(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 following
findings:
(a) Assisting education facilities with matching funds promotes expansion of access to
high-speed broadband for public education; and
(b) Providing financial assistance to education facilities for building connections to
broadband infrastructure will enhance community efforts to promote economic growth.
SECTION 8. Section 4, chapter 906, Oregon Laws 2009, as amended by section 3, chapter 624,
Oregon Laws 2011, section 19, chapter 786, Oregon Laws 2013, section 15, chapter 121, Oregon Laws
2014, section 37, chapter 812, Oregon Laws 2015, section 4, chapter 66, Oregon Laws 2016, section
7, chapter 748, Oregon Laws 2017, section 7, chapter 671, Oregon Laws 2019, section 4, chapter 682,
Oregon Laws 2021, and section 9, chapter 599, Oregon Laws 2023, is amended to read:
Sec. 4. (1) Pursuant to ORS 286A.560 to 286A.585, at the request of the Oregon Department of
Administrative Services, after the department consults with the Housing and Community Services
Department, the State Treasurer is authorized to issue lottery bonds for the Housing and Community
Services Department to provide financial assistance to aid in the acquisition, renovation or mainte-
nance of properties with project-based federal rental assistance contracts, public housing undergoing
significant recapitalization or publicly supported housing as defined in ORS 456.250, or to preserve
the affordability of manufactured dwelling parks.
(2) The use of lottery bond proceeds is authorized based on the following findings:
(a) Individuals who are at risk of homelessness or who otherwise pay a disproportionate share
of income for housing increase their potential for self-sufficiency, and use proportionately fewer
community-funded resources when they are provided a stable housing environment.
(b) Having housing for at-risk populations is essential to Oregon’s healthy economic growth.
(3) The aggregate principal amount of lottery bonds issued pursuant to subsection (1) of this
section may not exceed the amount of [$108,801,718] $293,801,718 plus an additional amount esti-
mated by the State Treasurer to be necessary to pay bond-related costs as defined in ORS 286A.560.
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SECTION 9. (1) For the biennium beginning July 1, 2025, at the request of the Oregon
Department of Administrative Services, after the department consults with the Water Re-
sources Department, the State Treasurer is authorized to issue lottery bonds pursuant to
ORS 286A.560 to 286A.585 in an amount that produces $20 million in net proceeds for the
purposes described in subsection (2) of this section, plus an additional amount estimated 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
Water Resources Department for deposit in the Water Supply Development Account estab-
lished in ORS 541.656, for providing grants or loans to evaluate, plan and develop in-stream
and out-of-stream statewide water development projects.
(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 following
findings:
(a) Having adequate drinking water systems, irrigation, drainage and healthy ecosystems
enhances community development and supports Oregon’s economic growth; and
(b) Assisting local governments to mitigate losses resulting from reduced water supply
for irrigation and retirement of water rights will enhance community efforts to facilitate and
promote economic growth.
SECTION 10.(1) For the biennium beginning July 1, 2025, at the request of the Oregon
Department of Administrative Services, after the department consults with the State Parks
and Recreation Department, the State Treasurer may 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 estimated 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
State Parks and Recreation Department for deposit into the Oregon Main Street
Revitalization Grant Program Fund established in ORS 390.264, to provide grants pursuant
to ORS 390.262.
(3) The Legislative Assembly finds that the use of proceeds of lottery bonds issued pur-
suant to this section will create jobs, further economic development and enhance the eco-
nomic vitality of Oregon downtowns and local communities by supporting projects that
revitalize historic downtown commercial districts, redevelop and reuse existing buildings,
facilitate small business relocation and expansion initiatives and provide assistance, training
and technical services.
SECTION 11.(1) For the biennium beginning July 1, 2025, at the request of the Oregon
Department of Administrative Services, after the department consults 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 that produces $20 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 urban flood safety and water quality district for
levee system improvements along the Columbia River from Sauvie Island to the Sandy River
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inTroutdale.
(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 following
findings:
(a) Levees are an integral part of the commercial and industrial infrastructure of this
state;and
(b) The inspection, accreditation, certification and repair of levees will promote economic
development within this state.
SECTION 12. (1) For the biennium beginning July 1, 2025, at the request of the Oregon
Department of Administrative Services, after the department consults 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 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
Oregon Business Development Department for deposit in the County Fair Resilience Fund
established under section 13 of this 2025 Act for the purpose of providing grants for capital
improvements to county fair facilities.
(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
county fairs and fairground activities enhance the economic viability of the region through
increased tourism, job creation and improved quality of life for the community.
SECTION 13. (1) The County Fair Resilience Fund is established in the State Treasury,
separate and distinct from the General Fund. Interest earned by the County Fair Resilience
Fund must be credited to the fund. The County Fair Resilience Fund consists of moneys de-
posited in the fund under section 12 of this 2025 Act and may include moneys appropriated,
allocated, deposited or transferred to the fund by the Legislative Assembly or otherwise and
interest earned on moneys in the fund.
(2) Moneys in the fund are continuously appropriated to the Oregon Business Develop-
ment Department for disbursement for the purposes set forth in section 12 of this 2025 Act.
SECTION 14.(1) For the biennium beginning July 1, 2025, at the request of the Oregon
Department of Administrative Services, after the department consults 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 that produces $100 million in net pro-
ceeds for the purposes described in subsection (2) of this section, plus an additional amount
estimated 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
Oregon Business Development Department for deposit in the Housing Infrastructure Fund
established under section 15 of this 2025 Act for the purpose of providing grants to support
key community infrastructure investments including transportation, water, wastewater and
stormwater infrastructure that will result in affordable housing for households with very
low, low or moderate income.
(3) The Legislative Assembly finds that the use of lottery bond proceeds will create jobs,
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further economic development, finance public education or restore and protect parks,
beaches, watersheds and native fish and wildlife, and is authorized based on the following
findings:
(a) Individuals who are at risk of homelessness or who otherwise pay a disproportionate
share of income for housing increase their potential for self-sufficiency, and use proportion-
ately fewer community-funded resources, when they are provided with a stable housing en-
vironment; and
(b) Having housing for at-risk populations is essential to Oregon’s healthy economic
growth.
SECTION 15. (1) The Housing Infrastructure Fund is established in the State Treasury,
separate and distinct from the General Fund. Interest earned by the Housing Infrastructure
Fund must be credited to the fund. The Housing Infrastructure Fund consists of moneys
deposited in the fund under section 14 of this 2025 Act and may include moneys appropriated,
allocated, deposited or transferred to the fund by the Legislative Assembly or otherwise and
interest earned on moneys in the fund.
(2) Moneys in the fund are continuously appropriated to the Oregon Business Develop-
ment Department for disbursement for the purposes set forth in section 14 of this 2025 Act.
SECTION 16.(1) For the biennium beginning July 1, 2025, at the request of the Oregon
Department of Administrative Services, after the department consults 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 that produces $20 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
Oregon Business Development Department for deposit in the Container Port Improvement
Fund established under section 17 of this 2025 Act for the purpose of providing grants for
capital improvement projects to ensure that Oregon ports can continue to provide container
service.
(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
financial and other assistance to municipalities, ports and other persons and entities will
assist in the establishment and expansion of businesses in this state and in the construction,
improvement and expansion of infrastructure, community and port facilities and other fa-
cilities that comprise the physical foundation for industrial and commercial activity and
provide the basic framework for continued and expanded economic opportunities and quality
communities throughout this state.
SECTION 17. (1) The Container Port Improvement Fund is established in the State
Treasury, separate and distinct from the General Fund. Interest earned by the Container
Port Improvement Fund must be credited to the fund. The Container Port Improvement
Fund consists of moneys deposited in the fund under section 16 of this 2025 Act and may
include moneys appropriated, allocated, deposited or transferred to the fund by the Legisla-
tive Assembly or otherwise and interest earned on moneys in the fund.
(2) Moneys in the fund are continuously appropriated to the Oregon Business Develop-
ment Department for disbursement for the purposes set forth in section 16 of this 2025 Act.
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SECTION 18. (1) For the biennium beginning July 1, 2025, at the request of the Oregon
Department of Administrative Services, after the department consults 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 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
Oregon Business Development Department for deposit in the Industrial Site Loan Fund es-
tablished under section 19 of this 2025 Act for the purpose of providing grants for projects
related to industrial lands readiness activities.
(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
industrial development that provides new traded sector jobs reinforces the economies of local
and regional communities and contributes to Oregon’s economic recovery.
SECTION 19. (1) The Industrial Site Loan Fund is established in the State Treasury,
separate and distinct from the General Fund. Interest earned by the Industrial Site Loan
Fund must be credited to the fund. The Industrial Site Loan Fund consists of moneys de-
posited in the fund under section 18 of this 2025 Act and may include moneys appropriated,
allocated, deposited or transferred to the fund by the Legislative Assembly or otherwise and
interest earned on moneys in the fund.
(2) Moneys in the fund are continuously appropriated to the Oregon Business Develop-
ment Department for disbursement for the purposes set forth in section 18 of this 2025 Act.
SECTION 20.(1) Prior to requesting the issuance of lottery bonds pursuant to this 2025
Act, the Oregon Department of Administrative Services shall review each authorized use of
lottery bond proceeds and determine whether the recipient is ready to expend the proceeds
for the authorized use.
(2) If the department determines that a recipient is not ready to expend the proceeds for
an authorized use, the State Treasurer may not issue lottery bonds under this 2025 Act for
the authorized use.
SECTION 21.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.
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