Chapter 846 Oregon Laws 2001

AN ACT

SB 5526

Relating to the financial administration of the Housing and Community Services Department; appropriating money; limiting expenditures; and declaring an emergency.

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

SECTION 1. There is appropriated to the Housing and Community Services Department, for the biennium beginning July 1, 2001, out of the General Fund, the amount of $13,920,056.

SECTION 2. Notwithstanding any other law, the amount of $2,656,021 is established for the biennium beginning July 1, 2001, as the maximum limit for payment of expenses from lottery moneys allocated from the Administrative Services Economic Development Fund to the Housing and Community Services Department for lottery bonds.

SECTION 3. Notwithstanding any other law, the amount of $76,601,117 is established for the biennium beginning July 1, 2001, as the maximum limit for the payment of expenses from federal funds collected or received by the Housing and Community Services Department.

SECTION 4. Notwithstanding any other law, the amount of $86,083,224 is established for the biennium beginning July 1, 2001, as the maximum limit for payment of expenses from fees, moneys or other revenues, including Miscellaneous Receipts, including federal funds from the United States Department of Housing and Urban Development for administrative costs.

SECTION 5. Section 2 of this 2001 Act does not limit, affect or apply to:

(1) Payments for costs resulting from the sale and issuance or redemption of bonds issued under ORS 456.645, 456.650 and chapter 485, Oregon Laws 1977, and payments of debt service and redemption premium on bonds so issued.

(2) Payments for purchase of bonds as provided in ORS 456.680.

(3) Loans and payments for purchase, insurance and servicing thereof as provided in ORS 456.615 to 456.720.

(4) Payments for purchase from lending institutions of securities backed by residential mortgage loans as provided in ORS 456.635 (1).

(5) Advances for development costs made in accordance with ORS 456.710.

(6) Pass-through payments of federal rent subsidy moneys from the United States Department of Housing and Urban Development.

(7) Payments for costs associated with asset protection.

(8) Payments for costs associated with the Emergency Housing Account as provided in ORS 458.650.

SECTION 6. 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 7. 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 July 1, 2001.

Approved by the Governor July 27, 2001

Filed in the office of Secretary of State July 27, 2001

Effective date July 27, 2001

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