71st OREGON LEGISLATIVE ASSEMBLY--2001 Regular Session
 
HA to HJR 64
 
LC 4114/HJR 64-4
 
                       HOUSE AMENDMENTS TO
                    HOUSE JOINT RESOLUTION 64
 
     By COMMITTEE ON SCHOOL FUNDING AND TAX FAIRNESS/REVENUE
 
                             May 30
 
  On page 2 of the printed joint resolution, delete lines 18
through 20 and insert:
  ' (4) The authority conferred by subsection (3) of this section
does not apply to:
  ' (a) The proceeds described in paragraph (a) of subsection (1)
of this section; or
  ' (b) The proceeds of gifts, devises and bequests made by a
person to the state for Common School Fund purposes before the
effective date of the amendment to this section by House Joint
Resolution 64 (2001).
  ' (5)(a) When the economic conditions prescribed by paragraph
(b) of subsection (3) of this section no longer exist, the
Legislative Assembly shall by joint resolution, adopted with the
approval of a majority of the members serving in each house of
the Legislative Assembly, declare the state of economic emergency
ended.
  ' (b) If the Legislative Assembly expends moneys under
subsection (3) of this section, the Legislative Assembly shall
return the moneys to the Common School Fund within six years of
the end of the state of economic emergency.
  ' (6) The Legislative Assembly may by law prescribe the
procedures to be used and identify the persons required to make
the forecasts described in paragraph (b) of subsection (3) of
this section.
  ' (7) The State Land Board shall provide the Legislative
Assembly with the information necessary to exercise the authority
conferred by subsection (3) of this section.'.
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