Chapter 492 Oregon Laws 2003

AN ACT

SB 5545

Relating to the financial administration of the Department of Veterans’ Affairs; appropriating money; limiting expenditures; and declaring an emergency.

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

SECTION 1. There is appropriated to the Department of Veterans’ Affairs, for the biennium beginning July 1, 2003, out of the General Fund, the amount of $2,345,936 for payment of expenses for services to veterans.

SECTION 2. Notwithstanding any other law limiting expenditures, the amount of $38,099,293 is established for the biennium beginning July 1, 2003, as the maximum limit for payment of expenses from the Oregon War Veterans’ Bond Sinking Account and the Miscellaneous Receipts Account of the Department of Veterans’ Affairs for administration, grants and services supplied to veterans.

SECTION 3. For the biennium beginning July 1, 2003, expenditures for debt service, loans to veterans, payments for property taxes, city liens, fire insurance, mortgage cancellation insurance, professional services and related costs associated directly with bond sales, and repairs to and miscellaneous charges for borrower-owned property, which are charged to the loan account and repaid along with the payment of loan interest and principal, 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

__________