| Capital Investment |
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| About Us |
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The Capital Investment Section (CIS) has direct responsibility for managing several independent financing programs and for coordinating statewide budgeting for bonds and capital construction.
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DAS is responsible for approval of state Article XI-Q bonds and other financing agreements. XI-Q bonds are the primary source for financing state facilities and capital equipment (excluding article XI-G and XI-F bonds for Higher Education). CIS coordinates issuance of State Lottery Bonds and Tax Anticipation Notes (TANs). CIS also administers the Pension Obligation Bond Program.
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| Current Topics |
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On November 18, the State completed the sale of $101.62 million in refunding bonds issued under the authority of Article XI-Q and Article XI-O of the State Constitution. This refunding achieved net present value savings of $6.1 million. Most of these savings were in General Fund supported programs.
We have recently posted our arbitrage compliance procedures on this Website. In addition to our inter-agency agreements, we believe this will help state agencies understand what is expected of them when projects are financed with tax-exempt bonds.
Budget Instructions for 2013-15 are expected to be available in March. Agencies planning to finance projects through bonds or capital leases should review requirements for approval of such actions, including the May 15 deadline for XI-Q requests.
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| Resources for Agencies |
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Intent Resolutions (pdf)
Finance Agreements Approval Form (ORS 283.087) (doc)
Accounting for Debt and Capital Assets
Accounting and Reporting of Capital Assets (pdf)
Long-term Debt Training (pdf)
Recording Debt Service Payments and Amortization (pdf)
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| Resources for Policy Makers |
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Debt Capacity ~ State Debt Policy Advisory Commission Report (pdf)
State Bonding in Oregon (pdf)
Bond Issuance / Capital Construction Overview (pdf)
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| Contact Us |
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