71st OREGON LEGISLATIVE ASSEMBLY--2001 Regular Session
 
SA to A-Eng. SB 102
 
LC 1818/SB 102-A4
 
                      SENATE AMENDMENTS TO
                   A-ENGROSSED SENATE BILL 102
 
              By JOINT COMMITTEE ON WAYS AND MEANS
 
                             June 25
 
  On page 1 of the printed A-engrossed bill, delete lines 22
through 26 and insert:
  ' (2) The declared earnings from the Higher Education
Technology Transfer Account are continuously appropriated to the
Department of Higher Education for administrative expenses
incurred by the department under sections 1 to 6 of this 2001 Act
and for the purposes of transfers to state institutions of higher
education under section 5 of this 2001 Act. The declared earnings
appropriated under this subsection include, but are not limited
to:'.
  On page 2, delete lines 1 and 2.
  In line 7, delete '(4)' and insert '(3)'.
  In line 11, after 'Board' insert 'within the Department of
Higher Education'.
  On page 3, line 1, after the period delete the rest of the line
and lines 2 and 3.
  In line 16, after 'those' insert 'declared'.
  In line 42, after 'those' insert 'declared'.
  On page 4, line 45, after 'people' delete the rest of the line
and insert 'at a special election held throughout this state on
the same date as the next biennial primary election,'.
  On page 5, line 40, after 'people' delete the rest of the line
and insert 'at a special election held throughout this state on
the same date as the next biennial primary election,'.
  On page 6, line 17, after 'people' delete the rest of the line
and insert 'at a special election held throughout this state on
the same date as the next biennial primary election,'.
  In line 28, after 'people' delete the rest of the line and
insert 'at a special election held throughout this state on the
same date as the next biennial primary election,'.
  On page 7, delete lines 13 through 45 and insert:
  '  { +  SECTION 15. + } ORS 348.696 is amended to read:
  ' 348.696. The Education Endowment Fund is established separate
and distinct from the General Fund. Moneys in the fund shall be
invested as provided in ORS 293.701 to 293.790. All  { +
declared + } earnings on moneys in the fund shall be transferred
and appropriated continuously   { - in the following amounts - }
 { +  as follows + }:
  '  { +  (1) All declared earnings from the Higher Education
Technology Transfer Account to the Department of Higher
Education; + }
  '  { - (1) - }  { +  (2) + } 75 percent of   { - the - }
 { + all declared + } earnings  { + not described in subsection
(1) of this section + } to the Oregon Education Fund established
by ORS 348.716; and
  '  { - (2) - }  { +  (3) + } 25 percent of   { - the - }  { +
all declared  + }earnings  { + not described in subsection (1) of
this section + } to the Oregon Student Assistance Commission for
need grants awarded under ORS 348.260.
 
  '  { +  SECTION 16. + } ORS 348.696, as amended by sections 13
and 14, chapter 1070, Oregon Laws 1999, is amended to read:
  ' 348.696. The Education Endowment Fund is established separate
and distinct from the General Fund. Moneys in the fund shall be
invested as provided in ORS 293.701 to 293.790. All  { +
declared + } earnings on moneys in the fund shall be transferred
and appropriated continuously   { - in the following amounts - }
 { +  as follows + }:
  '  { +  (1) All declared earnings from the Higher Education
Technology Transfer Account to the Department of Higher
Education; + }
  '  { - (1) - }  { +  (2) + } 75 percent of   { - the - }  { +
all declared  + }earnings  { + not described in subsection (1) of
this section + } to the Oregon Education Fund established by ORS
348.716; and
  '  { - (2) - }  { +  (3) + } 25 percent of   { - the - }
 { + all declared  + }earnings  { + not described in subsection
(1) of this section  + }to the Oregon Student Assistance
Commission for the Oregon Opportunity Grant program under ORS
348.260.
  '  { +  SECTION 17. + } If the amendment to section 6, Article
XI of the Oregon Constitution, proposed by Senate Joint
Resolution 17 (2001) is approved by the people at a special
election held throughout this state on the same date as the next
biennial primary election, ORS 348.696, as amended by sections 13
and 14, chapter 1070, Oregon Laws 1999, and section 16 of this
2001 Act, is amended on July 1, 2011, to read:
  ' 348.696. The Education Endowment Fund is established separate
and distinct from the General Fund. Moneys in the fund shall be
invested as provided in ORS 293.701 to 293.790. All declared
earnings on moneys in the fund shall be transferred and
appropriated continuously   { - as follows - }   { + in the
following amounts + }:
  '  { - (1) All declared earnings from the Higher Education
Technology Transfer Account to the Department of Higher
Education; - }
  '  { - (2) - }   { + (1) + } 75 percent of   { - all - }
 { + the + } declared earnings   { - not described in subsection
(1) of this section - }  to the Oregon Education Fund established
by ORS 348.716; and
  '  { - (3) - }  { +  (2) + } 25 percent of   { - all - }
 { + the + } declared earnings   { - not described in subsection
(1) of this section - }  to the Oregon Student Assistance
Commission for the Oregon Opportunity Grant program under ORS
348.260.'.
  On page 8, delete lines 1 through 5.
  In line 7, delete 'at the next regular' and insert 'at a
special election held throughout this state on the same date as
the next biennial primary'.
  In line 8, delete 'general'.
  In line 10, delete 'at the next regular' and insert 'at a
special election held throughout this state on the same date as
the next biennial primary'.
  In line 11, delete 'general'.
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