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HB 3635 Oregon House · 2025 Regular Session

Relating to bonding; declaring an emergency.

Summary
Increases the limit on the aggregate amount of XI-G general obligation bonds that may be issued for projects at a single community college. Declares an emergency, effective July 1, 2025.
Issues: ✓ EducationSupports EducationIncreases bond funding for community college infrastructure projects, directly advancing higher education facility improvements.95% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Feb 2025
Committee Review
Floor Vote
Governor
Introduced Feb 20, 2025 Last action Jun 28, 2025
Maddy AI version diff · 1 comparison

What changed between versions

Introduced → A-Engrossed · 4 edits
MODERATE
The bill increased the maximum bonding cap for community college projects from $14.25 million to $15 million, effective July 1, 2025. It also added an inflation adjustment mechanism to automatically update the cap based on the Consumer Price Index. The bill removed an outdated $8 million cap that applied to earlier biennia and updated references to the 2013 legislation.
Scope change
The bill's scope expanded by adding an automatic inflation adjustment provision to the bonding cap, ensuring the funding limit keeps pace with inflation over time.
FISCAL

Increased the maximum general obligation bond cap for community college projects from $14,250,000 to $15,000,000 for biennia beginning on or after July 1, 2025.

Removed the previous $8 million bonding cap that applied to biennia beginning on or after July 1, 2015.

REQUIREMENT

Added a requirement for the State Treasurer to adjust the bonding cap annually based on the Consumer Price Index for All Urban Consumers, West Region.

TECHNICAL

Updated references to the 2013 legislation in Section 2, changing 'this 2013 Act' to 'chapter 705, Oregon Laws 2013' for accuracy.

Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
7
Key actions
2
Committee
4
Jun 28, 2025
Lower · Passed
In committee upon adjournment.
lower
Mar 28, 2025
Committee
Referred to Ways and Means by prior reference.
lower
Mar 28, 2025
Lower · Passed
Recommendation: Do pass with amendments, be printed A-Engrossed, and be referred to Ways and Means by prior reference.
lower
Feb 21, 2025
Committee
Referred to Higher Education and Workforce Development with subsequent referral to Ways and Means.
lower
Feb 20, 2025
Introduced
First reading. Referred to Speaker's desk.
lower
0 primary · 0 co-sponsors

Sponsors

No sponsor information available.