72nd OREGON LEGISLATIVE ASSEMBLY--2003 Regular Session
Enrolled
Senate Bill 5551
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; limiting
expenditures; and declaring an emergency.
Be It Enacted by the People of the State of Oregon:
SECTION 1. { + The Oregon Department of Administrative
Services shall transfer the amount of $41,818,040 from the
Tobacco Settlement Funds Account to the Oregon Appropriation Bond
Fund established under section 3, chapter 11, Oregon Laws 2003
(Enrolled Senate Bill 856). + }
SECTION 2. { + Notwithstanding any other law limiting
expenditures, the amount of $59,317,364 is established for the
biennium beginning July 1, 2003, as the maximum limit for payment
of expenses by the Oregon Department of Administrative Services
from the Oregon Appropriation Bond Fund established under section
3, chapter 11, Oregon Laws 2003 (Enrolled Senate Bill 856), for
paying the principal of, interest on and premium on, if any,
outstanding appropriation bonds authorized by chapter 11, Oregon
Laws 2003 (Enrolled Senate Bill 856). + }
SECTION 3. { + 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. + }
----------
Enrolled Senate Bill 5551 (SB 5551-A) Page 1
Passed by Senate August 6, 2003
...........................................................
Secretary of Senate
...........................................................
President of Senate
Passed by House August 13, 2003
...........................................................
Speaker of House
Enrolled Senate Bill 5551 (SB 5551-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 5551 (SB 5551-A) Page 3