Chapter 491 Oregon Laws 2003

AN ACT

SB 5539

Relating to the financial administration of the Public Utility Commission of Oregon; limiting expenditures; and declaring an emergency.

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

SECTION 1. Notwithstanding any other law limiting expenditures, the following amounts are established for the biennium beginning July 1, 2003, as the maximum limits 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 Public Utility Commission of Oregon for the following purposes:

(1) Utility program...................... $ 9,031,473

(2) Residential Service Protection

Fund....................................... $ 9,627,550

(3) Policy and administration..... $ 15,295,214

SECTION 2. Notwithstanding any other law limiting expenditures, the amount of $346,174 is established for the biennium beginning July 1, 2003, as the maximum limit for payment of expenses from federal funds collected or received by the Public Utility Commission of Oregon.

SECTION 3. For the biennium beginning July 1, 2003, expenditures for the Oregon Universal Service Fund are not limited.

SECTION 4. This 2003 Act being necessary for the immediate preservation of the public peace, health and safety, an emergency is declared to exist, and this 2003 Act takes effect July 1, 2003.

Approved by the Governor June 26, 2003

Filed in the office of Secretary of State June 27, 2003

Effective date July 1, 2003

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