71st OREGON LEGISLATIVE ASSEMBLY--2001 Regular Session
 
Note: For budget, see 2001-03 Biennial Budget, Pages I-29, I-30
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 9044
 
                         House Bill 5044
 
Ordered printed by the Speaker pursuant to House Rule 12.00A (5).
  Presession filed (at the request of Budget and Management
  Division, Oregon Department of Administrative Services)
 
 
                             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 as
introduced.
 
  Appropriates moneys from General Fund to Treasurer of State for
Oregon Qualified Tuition Savings Program.
  Limits biennial expenditures from fees, moneys or other
revenues, including Miscellaneous Receipts, excluding lottery
funds and federal funds, collected or received by Treasurer of
State.
  Excludes expenditures by Treasurer of State to pay for cash
management and investment services from expenditure limitations.
  Declares emergency, effective July 1, 2001.
 
                        A BILL FOR AN ACT
Relating to the financial administration of the Treasurer of
  State; 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 Treasurer of
State, for the biennium beginning July 1, 2001, out of the
General Fund, the amount of $271,314 for the Oregon Qualified
Tuition Savings Program. + }
  SECTION 2.  { + Notwithstanding any other law, the amount of
$18,112,313 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, but
excluding lottery funds and federal funds, collected or received
by the Treasurer of State. + }
  SECTION 3.  { + Section 2 of this 2001 Act does not limit,
affect or apply to expenditures made by the Treasurer of State to
pay for cash management and investment services as they are
incurred. + }
  SECTION 4.  { + 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. + }
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