Chapter 906 Oregon Laws 2001

AN ACT

SB 753

Relating to short line railroads; and limiting expenditures.

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

SECTION 1. Notwithstanding any other law, the amount of $2,000,000 is established for the biennium beginning July 1, 2001, as the maximum limit for payment of expenses collected or received by the Department of Transportation from the Short Line Credit Premium Account for the short line railroad infrastructure assistance program.

SECTION 2. Notwithstanding any other law, the amount of $186,541 is established for the biennium beginning July 1, 2001, as the maximum limit for payment of expenses collected or received by the Department of Transportation from the Administrative Services Economic Development Fund for the purpose of paying debt service costs of lottery bonds issued to finance the short line railroad infrastructure assistance program.

Approved by the Governor August 3, 2001

Filed in the office of Secretary of State August 3, 2001

Effective date January 1, 2002

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