Chapter 680 Oregon Laws 2003

AN ACT

HB 5031

Relating to the financial administration of the Insurance Pool Governing Board; 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 Insurance Pool Governing Board, for the biennium beginning July 1, 2003, out of the General Fund, the amount of $15,061,966.

SECTION 2. Notwithstanding any other law limiting expenditures, the amount of $2,148,218 is established for the biennium beginning July 1, 2003, as the maximum limit 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 Insurance Pool Governing Board.

SECTION 3. Notwithstanding any other law limiting expenditures, the amount of $30,754,882 is established for the biennium beginning July 1, 2003, as the maximum limit for payment of expenses from moneys collected or received by the Insurance Pool Governing Board from the Department of Human Services.

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 on its passage.

Approved by the Governor August 21, 2003

Filed in the office of Secretary of State August 21, 2003

Effective date August 21, 2003

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