OR HB2514

Authorizes education service district (ESD) boards to issue bonded indebtedness to finance capital costs for the ESD or its component school districts under Article XI, section 11L of the Oregon Constitution

Caps total bonded indebtedness at 7.95% of the real market value of all taxable property within the education service district

Amends ORS 334.125 to create an exception to existing bonding limitations under ORS 328.245 specifically for ESDs

Filed at the request of the Oregon Association of Education Service Districts through the House Interim Committee on Education