Relating to the Columbia corridor flood safety project.

HB 2726 authorizes Oregon to issue lottery bonds to raise up to $45 million ($20 million for 2025-2027 and $25 million for 2027-2029) for flood safety infrastructure upgrades in Multnomah County's Columbia corridor. The funds will directly support projects like levee repairs, flood wall improvements, pump station upgrades, and floodplain restoration, protecting businesses, residential areas, and critical infrastructure such as Portland International Airport. The Oregon Business Development Department will manage grants to the urban flood safety district in staged project phases, with bond funds disbursed based on progress and requiring completion by 2037 to avoid repayment.