Relating to the Columbia corridor flood safety project.

SB 714 authorizes Oregon to issue lottery bonds totaling up to $45 million ($20 million in 2025-27 and $25 million in 2027-29) to fund flood safety infrastructure upgrades in Multnomah County's Columbia corridor. The bill directly affects residents and businesses in this area - including Portland International Airport and industrial districts - by financing critical projects like levee repairs, flood walls, pumps, and floodplain restoration. Proceeds will be deposited into a dedicated fund, with grants disbursed to the urban flood safety district in phases, tied to project milestones and requiring budget approvals. The State Treasurer must issue bonds by 2037, and funds are restricted to specific flood safety work, not other state uses.