Chapter 673 Oregon Laws 2003

AN ACT

SB 5550

Relating to state financial administration; 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 amount of $24,221,497 is established for a six-year period beginning July 1, 2003, as the maximum limit for payment of expenses by the Oregon Watershed Enhancement Board from lottery funds deposited into the Watershed Improvement Grant Fund from the Parks and Natural Resources Fund for capital expenditure purposes listed in section 4b, Article XV of the Oregon Constitution.

SECTION 2. 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 August 18, 2003

Filed in the office of Secretary of State August 18, 2003

Effective date August 18, 2003

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