Chapter 206 Oregon Laws 2003

AN ACT

HB 2316

Relating to Children’s Trust Fund; amending sections 49 and 74, chapter 1084, Oregon Laws 1999; and repealing ORS 182.452 and section 48, chapter 1084, Oregon Laws 1999.

Be It Enacted by the People of the State of Oregon:

SECTION 1. Section 49, chapter 1084, Oregon Laws 1999, is amended to read:

Sec. 49. (1) The Board of Trustees of the Children’s Trust Fund is abolished. [Subject to the conditions in section 48 of this 1999 Act,] The following are transferred to the private nonprofit corporation known as the Children’s Trust Fund of Oregon, Incorporated:

(a) All assets of the board, including but not limited to bank accounts and subaccounts; and

(b) All rights and obligations of the board legally incurred or acquired under leases, contracts and business transactions, executed or entered into with owners of real property, independent contractors or other entities or bodies prior to [the operative date of this section] July 1, 2001.

(2) All public agencies, as defined in ORS 279.011, shall consent to the assignment to the Children’s Trust Fund of Oregon, Incorporated, of leases, contracts or business transactions described in subsection (1)(b) of this section, which shall continue to be effective in accordance with their terms.

(3) The transfer of assets, rights and obligations described in this section is [subject only to the requirements imposed under section 48 of this 1999 Act and] not subject to ORS chapter 279 relating to public contracts and purchasing.

(4) [Subject to the conditions required under section 48 of this 1999 Act,] The administrator of the Board of Trustees of the Children’s Trust Fund shall cause to be delivered to members or employees of the Children’s Trust Fund of Oregon, Incorporated, all records and property in the possession of the board that relate to the assets, rights and obligations transferred under this section. However, any public records delivered under this section retain their character as public records subject to ORS 192.410 to 192.505.

SECTION 2. Section 74, chapter 1084, Oregon Laws 1999, is amended to read:

Sec. 74. (1) The enactments, amendments and repeals of statutes and laws by sections 1 to 48 and 57 to 75, chapter 1084, Oregon Laws 1999, [of this 1999 Act] become operative July 1, 1999, or 60 days after [the effective date of this 1999 Act] September 1, 1999, whichever is later.

(2) [Subject to the conditions imposed by section 48 of this 1999 Act,] The enactments, amendments and repeals of statutes and laws by sections 49 to 56, chapter 1084, Oregon Laws 1999, [of this 1999 Act] become operative July 1, 2001.

SECTION 3. ORS 182.452 and section 48, chapter 1084, Oregon Laws 1999, are repealed.

Approved by the Governor June 4, 2003

Filed in the office of Secretary of State June 5, 2003

Effective date January 1, 2004

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