OR HB4043

Authorizes the State Treasurer to issue Article XI-Q general obligation bonds to finance renovation or expansion of courthouses, in addition to the existing authority for courthouse replacement projects

Establishes new criteria for courthouse improvement projects requiring the Chief Justice to determine that renovation/expansion directly benefits the court, is more feasible than replacement, and significantly improves the facility

Requires courthouse renovation or expansion projects to create or maintain opportunities for colocation of circuit courts with other state offices

Counties must contribute at least 50% of total estimated project costs to the Oregon Courthouse Capital Construction and Improvement Fund, with the minimum increasing to 75% if colocation with additional state offices is not included

Net bond proceeds are capped at $19 million and must be deposited in the Oregon Courthouse Capital Construction and Improvement Fund for acquiring, constructing, remodeling, or equipping state-owned or operated courthouses