71st OREGON LEGISLATIVE ASSEMBLY--2001 Regular Session
 
NOTE:  Matter within  { +  braces and plus signs + } in an
amended section is new. Matter within  { -  braces and minus
signs - } is existing law to be omitted. New sections are within
 { +  braces and plus signs + } .
 
LC 3322
 
                           B-Engrossed
 
                         House Bill 3861
                   Ordered by the House July 4
      Including House Amendments dated April 26 and July 4
 
Sponsored by Representatives STARR, WILLIAMS, RINGO;
  Representatives DEVLIN, HASS, HILL, HOPSON, KRUMMEL, MARCH,
  WITT, Senators DECKERT, STARR
 
 
                             SUMMARY
 
The following summary is not prepared by the sponsors of the
measure and is not a part of the body thereof subject to
consideration by the Legislative Assembly. It is an editor's
brief statement of the essential features of the measure.
 
    { - Authorizes issuance of $35 million in lottery bonds for
financing South Metro Commuter Rail Project. Allocates lottery
moneys. - }
    { - Requires Director of Transportation to enter into grant
agreement with Washington County by December 31, 2001, to
disburse funds to Washington County for construction of project
under specified conditions. Requires grant agreement to provide
that, if less than $35 million in lottery bond proceeds is
deposited in South Metro Commuter Rail Project Fund, Department
of Transportation will offset amount actually deposited with
residual lottery revenues to be allocated by Legislative Assembly
to department. Defines residual lottery revenues. - }
   { +  Limits biennial expenditures from South Metro Commuter
Rail Project Fund by Department of Transportation.
  Limits biennial expenditures from Administrative Services
Economic Development Fund by Department of Transportation. + }
  Declares emergency, effective on passage.
 
                        A BILL FOR AN ACT
Relating to commuter rail; limiting expenditures; and declaring
  an emergency.
Be It Enacted by the People of the State of Oregon:
  SECTION 1.  { + (1) In addition to and notwithstanding any
other law, the amount of $205,230 is established for the biennium
beginning July 1, 2001, as the maximum limit for payment by the
Department of Transportation of the department's expenses for
entering into and administering the grant agreement for the South
Metro Commuter Rail Project from the South Metro Commuter Rail
Project Fund.
  (2) In addition to and notwithstanding any other law, the
amount of $1 is established for the biennium beginning July 1,
2001, as the maximum limit for payment by the Department of
Transportation of Washington County's expenses for the South
Metro Commuter Rail Project from the South Metro Commuter Rail
Project Fund. + }
 
  SECTION 2.  { + The amount of $18,654 is established for the
biennium beginning July 1, 2001, as the maximum limit for payment
of expenses by the Department of Transportation from the
Administrative Services Economic Development Fund for the purpose
of paying the debt service costs of lottery bonds issued to
finance the South Metro Commuter Rail Project. + }
  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. + }
                         ----------