Chapter 701 Oregon Laws 2003

AN ACT

SB 5527

Relating to the financial administration of the Division of State Lands; 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 Division of State Lands, for the biennium beginning July 1, 2003, out of the General Fund, the amount of $29,311 for the Natural Heritage Advisory Council.

SECTION 2. 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 Division of State Lands for the following purposes:

(1) Natural Heritage Advisory

Council............................................. $ 1,309

(2) South Slough Estuarine

Sanctuary operations...................... $ 1,002,475

(3) Common School Fund

programs.......................................... $ 13,021,016

(4) Capital improvements..................... $ 366,009

(5) Oregon Wetlands Mitigation

Bank Revolving Fund Account....... $ 350,000

SECTION 3. 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 federal funds collected or received by the Division of State Lands for the following purposes:

(1) Natural Heritage Advisory

Council............................................. $ 69,303

(2) South Slough Estuarine

Sanctuary operations...................... $ 1,000,256

(3) Common School Fund

programs.......................................... $ 508,248

SECTION 4. For the biennium beginning July 1, 2003, expenditures for distribution of interest earnings on the Common School Fund to counties for apportionment among the school districts of the county, unclaimed property finders fees or State Treasurer charges for investment related transactions are not limited.

SECTION 5. 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 22, 2003

Filed in the office of Secretary of State August 22, 2003

Effective date August 22, 2003

__________