Authorizes the State Treasurer to issue general obligation bonds under Article XI-E of the Oregon Constitution in an amount that produces $500 million in net proceeds for a Strategic Carbon Sequestration and Forestry Sustainability Program.

Summary

Digest: The Act tells an agency to create a program for sequestering carbon. The Act allows the State Treasurer to issue certain bonds for the program. (Flesch Readability Score: 65.5). Authorizes the State Treasurer to issue general obligation bonds under Article XI-E of the Oregon Constitution in an amount that produces $500 million in net proceeds for a Strategic Carbon Sequestration and Forestry Sustainability Program. Directs the State Forestry Department to establish a Strategic Carbon Sequestration and Forestry Sustainability Program.