OR SB5531

Increases the aggregate principal amount of lottery bonds for financial assistance to municipalities, ports, and other entities from $416,226,252 to $436,226,252, and for the Columbia River channel deepening project from $17.7 million to $32.7 million

Authorizes new lottery bond issuances totaling over $400 million for the 2025-2027 biennium for infrastructure projects including: $10 million for levee project grants, $10 million for brownfields redevelopment, $15 million for school broadband connectivity, $52.5 million for affordable housing programs, and $8 million for water supply development

Provides funding for specific local projects including: $45 million for Willamette Falls public access, $105 million total ($45M in 2025, $30M in 2027, $30M in 2029) for the Hood River-White Salmon Interstate Bridge replacement, $20 million for Urban Flood Safety levee improvements, and $20 million for container port improvements contingent on Terminal 6 operations

Allocates lottery bond proceeds for wastewater treatment and water infrastructure projects across multiple cities including Estacada ($5 million), Sandy ($5 million), John Day ($5 million), Eugene ($6 million), South Suburban Sanitary District ($10 million), and Oregon City's Henrici Water Reservoir ($6.5 million)

Declares an emergency making the act effective July 1, 2025, and establishes that the Oregon Department of Administrative Services must verify recipient readiness before requesting lottery bond issuance