Relating to state financial administration; and declaring an emergency.

Modifies projects for which issuance of certain general obligation bonds and revenue bonds is authorized for 2015-2017 biennium. Provides that Oregon Department of Administrative Services may act as administrator for lottery revenue bonds and bonds issued under Articles XI-D, XI-M, XI-N, XI-P, XI-Q, XI-F(1) and XI-G of Oregon Constitution. Combines Article XI-G bonding program for community colleges with Article XI-G bonding program for public universities. Closes community college facilities accounts. Provides that bonds issued under Articles XI-D, XI-M, XI-N and XI-P of Oregon Constitution must be requested by Director of Oregon Department of Administrative Services. Declares emergency, effective on passage.