72nd OREGON LEGISLATIVE ASSEMBLY--2003 Regular Session
 
 
                            Enrolled
 
                        Senate Bill 5542
 
Printed pursuant to Senate Interim Rule 213.28 by order of the
  President of the Senate in conformance with presession filing
  rules, indicating neither advocacy nor opposition on the part
  of the President (at the request of Budget and Management
  Division, Oregon Department of Administrative Services)
 
 
                     CHAPTER ................
 
 
                             AN ACT
 
 
Relating to state financial administration; 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
Revenue, for the biennium beginning July 1, 2003, out of the
General Fund, the amount of $123,824,598 for the purpose of
administrative expenses. + }
  SECTION 2.  { + In addition to and not in lieu of any other
appropriation, there is appropriated to the Department of
Revenue, for the biennium beginning July 1, 2003, out of the
General Fund, the amount of $9,000,000 for the purpose of making
payments authorized by ORS 307.244 and 310.630 to 310.706 for the
elderly rental assistance program. + }
  SECTION 3.  { + In addition to and not in lieu of any other
appropriation, there is appropriated to the Department of
Revenue, for the biennium beginning July 1, 2003, out of the
General Fund, the amount of $1 for the purpose of deferred
collection of homestead property taxes (property tax deferral
outlined in ORS 311.666 to 311.701). + }
  SECTION 4.  { + After July 1, 2003, if the amount appropriated
by section 3 of this 2003 Act plus the balance in the Senior
Property Tax Deferral Revolving Account is not sufficient to make
the payments required by ORS 311.701 (1), the State Treasurer
shall advance, as an investment of the General Fund, such amounts
as may be necessary to make such payments during the biennium
beginning July 1, 2003. Any moneys so advanced shall be repaid in
accordance with ORS 311.701 (6) with interest thereon computed
with the rate described in ORS 311.674 (3). + }
  SECTION 5.  { + Notwithstanding any other law limiting
expenditures, the amount of $24,388,755 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, except those deposited in the Multistate
Tax Commission Revolving Account and the Senior Property Tax
Deferral Revolving Account, but excluding lottery funds and
federal funds, collected or received by the Department of
Revenue. + }
 
 
 
Enrolled Senate Bill 5542 (SB 5542-A)                      Page 1
 
 
 
  SECTION 6.  { + For the biennium beginning July 1, 2003,
expenditures for expenses of the Multistate Tax Commission are
not limited. + }
  SECTION 7.  { + 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. + }
                         ----------
 
 
Passed by Senate June 11, 2003
 
 
      ...........................................................
                                              Secretary of Senate
 
      ...........................................................
                                              President of Senate
 
Passed by House June 19, 2003
 
 
      ...........................................................
                                                 Speaker of House
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Enrolled Senate Bill 5542 (SB 5542-A)                      Page 2
 
 
 
 
 
Received by Governor:
 
......M.,............., 2003
 
Approved:
 
......M.,............., 2003
 
 
      ...........................................................
                                                         Governor
 
Filed in Office of Secretary of State:
 
......M.,............., 2003
 
 
      ...........................................................
                                               Secretary of State
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Enrolled Senate Bill 5542 (SB 5542-A)                      Page 3