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Committee OKs $8.75 million in lottery bonds for Albina business hub; rural senators voice equity concerns
Summary
The Senate Committee on Labor and Business voted to advance Senate Bill 1110, authorizing lottery bonds that would produce $8,750,000 for development of a business hub in Portland's Albina neighborhood.
The Senate Committee on Labor and Business voted to advance Senate Bill 1110 to the floor with a recommendation that it be referred to the Joint Committee on Ways and Means.
Committee staff said SB 1110 would authorize the state treasurer, at the request of the Department of Administrative Services, to issue lottery bonds that produce $8,750,000 in net proceeds plus an amount needed to pay bond‑related costs. The net proceeds and interest earnings would be transferred to DAS for distribution to William and…
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