As used in ORS 390.060 to 390.067, unless the context requires otherwise: (1) “State park lottery bonds” means the bonds authorized to be issued under ORS 390.067 for the purpose of financing state park projects. (2) “State park projects” means projects for the acquisition, development, improvement, upgrading, preservation and expansion of the capacity of facilities […]
The Legislative Assembly declares that the purpose of ORS 390.060 to 390.067 is to authorize lottery bonds for state park projects. The lottery bonds authorized by ORS 390.060 to 390.067 shall be issued pursuant to ORS 286A.560 to 286A.585. The obligation of the State of Oregon with respect to the bonds and with respect to […]
The Legislative Assembly finds that: (1) Expenditures by visitors to Oregon state parks and by employees of the State Parks and Recreation Department currently contribute approximately $549 million each year to local economies throughout Oregon. The acquisition, development, improvement, upgrading, preservation and expansion of the capacity of facilities of the system of state parks, including […]
(1) State park lottery bonds shall be issued only at the request of the State Parks and Recreation Director. State park lottery bonds may be issued in an amount sufficient to provide no more than $105 million of net proceeds to pay costs of state park projects, plus the amounts required to pay bond-related costs. […]
