Chapter 881 Oregon Laws 2001

AN ACT

HB 5052

Relating to state financial administration; limiting expenditures; and declaring an emergency.

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

SECTION 1. Notwithstanding any other law, the amount of $26,239,395 is established for the biennium beginning July 1, 2001, as the maximum limit for payment of expenses by the Oregon Watershed Enhancement Board from lottery funds deposited into the Watershed Improvement Grant Fund from the Parks and Natural Resources Fund for capital expenditure projects that implement section 4b, Article XV of the Oregon Constitution.

SECTION 2. The project approvals, appropriations and expenditure limitations in section 1 of this 2001 Act expire on June 30, 2007, unless otherwise noted or modified by Emergency Board action or by the Legislative Assembly.

SECTION 3. Notwithstanding any other law, the amount of $15,768,023 is established for the biennium beginning July 1, 2001, as the maximum limit for payment of expenses by the Oregon Watershed Enhancement Board from lottery funds carried forward from the biennium ending June 30, 2001, in the Watershed Improvement Grant Fund.

SECTION 4. The project approvals, appropriations and expenditure limitations in section 3 of this 2001 Act expire on June 30, 2005, unless otherwise noted or modified by Emergency Board action or by the Legislative Assembly.

SECTION 5. 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 6. 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 31, 2001

Filed in the office of Secretary of State July 31, 2001

Effective date July 31, 2001

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