Oregon

Decision instrument

The old ceiling is $50,000, except for war or permanent roads. Road debt stops at 1% of taxable value. A contract that breaks the rule is void.

What public act authorizes the borrowing, and where is the purpose and the first-year cost written down? Oregon Constitution, Article XI, Section 7. Later sections of Article XI authorize the bonds that are actually outstanding, each for a named purpose, and those are outside the $50,000. The State Debt Policy Advisory Commission’s table for June 30, 2025, still shows $50,000 of general-purpose debt under that old ceiling, and $266.8 million of highway bonds inside a road ceiling of $10.394 billion.

Debt statement

No Annual Debt Statement of the New Jersey kind.

What yearly filing states gross debt, deductions, and how close the issuer is to its limit? State debt is in the annual report for the year ended June 30, 2025. The commission’s debt table is a second cut of the same day. County dollar rows are not attached.

Debt limit

A county’s general obligation bonds stop at 2% of real market value, after a vote. A city’s stop at 3%, unless the charter is lower.

What cap binds a county or a city, and is the state's own ceiling a different rule? Article XI, Section 10, stops a county at $5,000, except bonded debt a statute authorizes and a statute limits. ORS 287A.100 is that limit for general obligation bonds: the electors have to approve them, and the principal outstanding may not exceed 2% of real market value unless the charter is lower. ORS 287A.105 stops county revenue bonds under that section at the lesser of 1% of real market value or the charter. ORS 287A.050 stops a city’s outstanding general obligation bonds at 3% of real market value unless the charter is lower. That 3% does not cover local-improvement bonds paid in installments, or bonds for water, sewer, a hospital, gas, power, lighting, or off-street parking.

Conflict rule

A public official may not use the office to get a financial gain that would not exist but for the office.

Which ethics statute covers local officers, what counts as an interest, and who is left out? ORS 244.040. The bar covers the official, a relative, a household member, and a business any of them is associated with. It also covers avoiding a financial loss. A gift from someone with a legislative or administrative interest is limited to $50 in a calendar year. On a governing body, an actual conflict has to be announced, and the member does not vote. For two years after leaving office, a person who played a significant role in authorizing a public contract may not have a direct beneficial interest in that contract.

Geography

Thirty-six counties.

What is the county-equivalent, and which cities, schools, and authorities must not be pasted onto that row? FIPS 41001 through 41071. Cities also borrow. Dollar rows stay blank.

Primary money record

General obligation bond principal: $8.282 billion. The full faith and credit of the state are pledged.

Which audited report is the state's own number, and as of what date? Annual report, June 30, 2025. Governmental activities are $7,692,285,000. That figure includes $499 million of pension bonds. Business-type activities are $589,755,000. Interest still on the governmental schedule is $3,173,341,000. Interest still on the business-type schedule is $304,044,000. The General Fund does not pay all of it. Highway bonds under Article XI, Section 7, are paid from a General Fund appropriation. Community-college and some higher-education bonds are also paid from the General Fund. Article XI-F(1) higher-education bonds are paid with university resources.

Who pays the coupon

In fiscal 2026 the governmental general-obligation principal due is $646.5 million and the interest due is $345.5 million.

Which fund, tax, or rate is actually pledged — not which new store might show up later? Business-type general-obligation principal due that year is $28.6 million and the interest is $23.1 million. The commission’s separate cut of General Fund-supported bonded debt is $6.286 billion. That is not the same number as the $8.282 billion, and it is not added.

Other obligors

Revenue-bond principal: $5.303 billion. Do not add it to the $8.282 billion.

Which authorities and districts borrow beside the state and must not be added to its total? Governmental revenue bonds are $4.065 billion. Business-type are $1.239 billion. They are not a general obligation. Lottery-backed bonds are paid from unobligated net lottery proceeds. Highway user-tax bonds are a separate pledge. Certificates of participation have $77.4 million of principal left. Direct borrowings have $286.0 million governmental and $22.1 million business-type. Those include the Interstate 205 notes. None of them is added to the general-obligation principal.

Book-entry wall

Cede & Co., at the Depository Trust Company.

Who is the registered owner on ordinary public paper? Series-level confirmation still waits on that official statement. Beneficial owners stay unnamed.