Includes public university foundations in the definition of "public body," making them subject to certain public records laws; specifies records that are exempt from disclosure, including certain donor information; provides that certain records are not exempt from disclosure, such as those revealing quid-pro-quo arrangements or self-dealing transactions; requires public university foundations to release an annual report and make it publicly available on its website; declares emergency and makes the Act effective on passage.

Lowers the thresholds above which controllers of data are subject to regulation when processing personal data of consumers; reduces the threshold from 100,000 to 35,000 consumers for controllers or processors of personal data, other than data used solely for payment transactions; reduces the threshold from 25,000 to 10,000 consumers for controllers or processors that derive 20% percent or more, down from 25%, of annual gross revenue from selling personal data; prohibits controllers from processing sensitive data for targeted advertising or to profile consumers in furtherance of decisions that produce legal effects or effects of similar significance; prohibits selling sensitive data for any reason, with or without a consumer's consent; requires a clear and conspicuous disclosure to consumers that the controller may not sell sensitive data for any reason, or process sensitive data for targeted advertising or to profile consumers in furtherance of decisions that produce legal effects or effects of similar significance.

Establishes the Oregon Food Bank Audit Committee to audit all financial transactions conducted or engaged in by the Oregon Food Bank and its subsidiaries.

Requires organizations that receive state grant or loan funds to submit periodic reports to the Legislature, identifying funds received, how spent, and any funds unexpended; requires state agencies that distribute such funds to notify recipients of reporting requirements; gives state grant and loan recipients 30 days to disclose the amounts and recipients of political donations for three years prior to receiving funding; requires annual disclosure of the amounts and recipients of political donations for three years following initial distribution of state funds.

Establishes a program for granting preferences to small businesses in state procurement; applies to small disadvantaged businesses certified by the U.S. Small Business Administration, state-certified emerging small businesses, and others as defined by rule; requires the Oregon Department of Administrative Services (DAS) to identify public contracts that are suitable for small business participation, to create strategies to encourage such participation, to suggest improvements to existing preference programs, and to establish goals and implement a plan for eliminating disparities identified in the 2023 Oregon Disparity Study; allows the state to restrict certain contracts to small businesses only; requires DAS to collect data and report annually to the Governor and Legislature on the magnitude and varieties of small business participation in state procurement. AMENDED - now applies to "Oregon small business enterprises," as defined by the Oregon Business Development Department, which will issue certifications based on eligibility criteria to be determined by rule; requires eligibility criteria to specify the maximum number of employees, maximum revenue, location of operation, and other requirements.

Provides that public bodies may not discriminate against or grant preferential treatment to any person or group based on race, sex, color, ethnicity, or national origin, in public employment, public education, or public contracting; does not prohibit consideration of bona fide qualifications or sex when these are reasonably necessary to normal operation of public employment, education, or contracting; provides that the measure will not invalidate any court order or consent decree in force as of the effective date; provides that the measure will not prohibit actions necessary to establish or maintain federal funding.

Provides that state officials and agencies may not discriminate or grant preferential treatment on the basis of gender identity, race, sex, color, ethnicity, or national origin in the application, selection, or appointment of individuals to boards and commissions; does not prohibit consideration of bona fide qualifications or sex that are reasonably necessary to normal operations of boards and commissions; provides that the measure will not invalidate any court order or consent decree in force as of the effective date; applies only to appointments made on or after the effective date.

Requires certain nonprofits that receive public funds to obey open meetings and public records laws; applies to nonprofits with gross annual revenue over $100,000 or more than 25 full-time or part-time employees, which receive 75% or more of their annual revenues or budget from public funds or nonprofit-specific tax breaks, and perform governmental functions under contract; applies to organizations that designate recipients of public funds or otherwise controls or influences such public expenditures; requires covered nonprofits to post their proposed annual budget on their website, and identify public funds proposed to be used; requires covered nonprofits to submit to and cooperate with an audit by the Secretary of State; requires the nonprofit's directors, officers, and employees to comply with government ethics standards; sets penalties for noncompliance, including clawback of public funds, a 10-year ban on receiving public funding, administrative dissolution of the nonprofit, and a 10-year bar on board members or officers serving on another board; allows the Secretary of State to provide certificates of exemption; applies provisions of the Act over a 15-year period, with required compliance during the period depending on the proportion of the budget or revenues of the nonprofit that comes from public funds; declares emergency; takes effective on passage.

Requires the Oregon Department of Administrative Services to establish guidelines for state agencies to follow in designing programs and establishing budgets for ongoing or multiyear activities that state agencies intend to fund with grant moneys.

Establishes the Nonprofit Organization Advisory Council in the Oregon Department of Administrative Services to review the state’s granting and procurement processes as applied to nonprofits, including training materials, contract or grant agreement templates and related materials, and recommend changes; requires a report; establishes the Nonprofit Organization Partnership Fund for the Council; requires state agencies to establish a budget before awarding grants or contracts with nonprofits based on direct and indirect costs and reporting costs; requires state agencies to identify and eliminate duplicative requests for reporting or analysis; requires state agencies to provide 25% as an advance payment; authorizes nonprofits to charge indirect costs at an agreed rate or up to 15%; authorizes nonprofits to negotiate indirect costs; requires state agencies to negotiate and establish a payment schedule; requires state agencies to allocate funds for insurance coverage if required under certain circumstances; places additional requirements on state agencies if a nonprofit is require to limit participant access; requires a centralized database for managing grants and awards to nonprofits.