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 959
 
                         Senate Bill 307
 
Printed pursuant to Senate Interim Rule 213.28 by order of the
  President of the Senate in conformance with presession filing
  rules, indicating neither advocacy nor opposition on the part
  of the President (at the request of Governor John A. Kitzhaber,
  M.D., for State Library)
 
 
                             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.
 
  Allows Trustees of State Library to establish Talking Book and
Braille Library Endowment Fund as subaccount of State Library
Donation Fund.
  Declares emergency, effective July 1, 2001.
 
                        A BILL FOR AN ACT
Relating to State Library Donation Fund; amending ORS 357.195;
  and declaring an emergency.
Be It Enacted by the People of the State of Oregon:
  SECTION 1. ORS 357.195 is amended to read:
  357.195.  { + (1) + } The interest, income, dividends or
profits received on any property or funds of the State Library
derived from gifts, legacies, devises, bequests or endowments
shall be deposited with the State Treasurer and are set apart and
appropriated to the use, maintenance and support of the State
Library, in like manner as the principal or corpus of each such
gift or donation is set apart or appropriated. All such gifts or
donations shall be placed by the State Treasurer to the credit of
a fund, separate and distinct from the General Fund, to be known
as the State Library Donation Fund  { - , and - }  { + . + } The
State Treasurer shall credit monthly to   { - such - }  { +
the + } fund any interest or other income derived from the fund
or the investing thereof.
   { +  (2) The Trustees of the State Library may establish a
Talking Book and Braille Library Endowment Fund as a subaccount
of the State Library Donation Fund.
  (3) + } Claims against the  { + State Library Donation + } Fund
shall be approved and warrants issued in the manner provided by
law.
  SECTION 2.  { + 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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