72nd OREGON LEGISLATIVE ASSEMBLY--2003 Regular Session
 
NOTE:  Matter within  { +  braces and plus signs + } in an
amended section is new. Matter within  { -  braces and minus
signs - } is existing law to be omitted. New sections are within
 { +  braces and plus signs + } .
 
LC 9550
 
                           A-Engrossed
 
                        Senate Bill 5550
                  Ordered by the Senate July 29
            Including Senate Amendments dated July 29
 
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)
 
 
                             SUMMARY
 
The following summary is not prepared by the sponsors of the
measure and is not a part of the body thereof subject to
consideration by the Legislative Assembly. It is an editor's
brief statement of the essential features of the measure.
 
    { - Appropriates moneys from General Fund to _______ for
biennial expenses. - }
    { - Limits biennial expenditures from fees, moneys or other
revenues, including Miscellaneous Receipts, but excluding lottery
funds and federal funds, collected or received by _______. - }
    { - Limits biennial expenditures of _______ from federal
funds. - }
   { +  Limits expenditures of lottery funds from Parks and
Natural Resources Fund for capital expenditures by Oregon
Watershed Enhancement Board for six-year period beginning July 1,
2003. + }
  Declares emergency, effective July 1, 2003.
 
                        A BILL FOR AN ACT
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. + }
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