Modifies the amount and purposes of lottery bonds authorized to be issued for specified state agencies. Authorizes the issuance of various other lottery bonds. Establishes funds, or provides for deposit of moneys into existing funds, and appropriates moneys for projects financed. Provides that the State Treasurer may not issue certain lottery bonds unless the Oregon Department of Administrative Services determines that the recipient is ready to expend the proceeds for authorized uses. Declares an emergency, effective July 1, 2025.