Chapter 339 Oregon Laws 2001

AN ACT

HB 5045

Relating to state financial administration; amending section 5, chapter 914, Oregon Laws 1999; limiting expenditures; and declaring an emergency.

Be It Enacted by the People of the State of Oregon:

SECTION 1. Section 5, chapter 914, Oregon Laws 1999, as amended by section 38, chapter 910, Oregon Laws 1999, is amended to read:

Sec. 5. In addition to and notwithstanding any other law, the amount of [$112,000,000] $127,000,000 is established for the biennium beginning July 1, 1999, as the maximum limit for payment of expenses from the proceeds of state education lottery bonds for state education projects.

SECTION 2. Notwithstanding any other law, all sections of this 2001 Act are subject to Oregon Department of Administrative Services rules related to allotting, controlling and encumbering funds.

SECTION 3. This 2001 Act being necessary for the immediate preservation of the public peace, health and safety, an emergency is declared to exist, and this 2001 Act takes effect on its passage.

Approved by the Governor June 7, 2001

Filed in the office of Secretary of State June 7, 2001

Effective date June 7, 2001

__________