71st OREGON LEGISLATIVE ASSEMBLY--2001 Regular Session
Enrolled
House Bill 3530
Sponsored by Representative BUTLER; Representative NELSON
CHAPTER ................
AN ACT
Relating to county fair funding; and declaring an emergency.
Be It Enacted by the People of the State of Oregon:
SECTION 1. { + The Legislative Assembly finds and declares
that financial support of county fairs will result in economic
development for areas where fairgrounds are located by promoting,
expanding or preventing the decline of businesses and that the
use of the net proceeds from the operation of the Oregon State
Lottery to fund county fairs is an appropriate use of state
lottery funds under section 4, Article XV of the Oregon
Constitution, and ORS 461.540. + }
SECTION 2. { + (1) Subject only to the availability of
unobligated net lottery proceeds, there is allocated from the
Administrative Services Economic Development Fund to the County
Fair Account created under ORS 565.445 an amount equal to one
percent of the net proceeds from the Oregon State Lottery, but
not to exceed $1.55 million annually, adjusted biennially
pursuant to the change in the Consumer Price Index, as defined in
ORS 327.006, between January 1, 2001, and January 1 immediately
preceding commencement of the biennium.
(2) The allocation of moneys from the Administrative Services
Economic Development Fund under this section is subject to the
requirements in section 4, Article XV of the Oregon Constitution,
for deposit of 15 percent of the net proceeds from the Oregon
State Lottery into the Education Endowment Fund and into the
Parks and Natural Resources Fund and shall be made only after
satisfaction or payment of:
(a) Amounts allocated to Westside lottery bonds issued under
ORS 391.140 or to the reserves or any refunding related to the
Westside lottery bonds in accordance with the priority for
allocation and disbursement established by ORS 391.130;
(b) All liens, pledges or other obligations relating to lottery
bonds or refunding lottery bonds due or payable during the year
for which an allocation is to be made; and
(c) Amounts required by any other pledges of, or liens on, net
proceeds from the Oregon State Lottery. + }
SECTION 3. { + The County Fair Commission shall make an annual
distribution each January of the unexpended balance of moneys
credited to the County Fair Account under section 2 of this 2001
Act, using the merit formula determined by the commission
pursuant to ORS 565.425. + }
SECTION 4. { + This 2001 Act being necessary for the immediate
preservation of the public peace, health and safety, an emergency
Enrolled House Bill 3530 (HB 3530-A) Page 1
is declared to exist, and this 2001 Act takes effect July 1,
2001. + }
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Passed by House June 21, 2001
...........................................................
Chief Clerk of House
...........................................................
Speaker of House
Passed by Senate June 26, 2001
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President of Senate
Enrolled House Bill 3530 (HB 3530-A) Page 2
Received by Governor:
......M.,............., 2001
Approved:
......M.,............., 2001
...........................................................
Governor
Filed in Office of Secretary of State:
......M.,............., 2001
...........................................................
Secretary of State
Enrolled House Bill 3530 (HB 3530-A) Page 3