72nd OREGON LEGISLATIVE ASSEMBLY--2003 Regular Session
 
SA to SB 5554
 
LC 9554/SB 5554-2
 
                      SENATE AMENDMENTS TO
                        SENATE BILL 5554
 
              By JOINT COMMITTEE ON WAYS AND MEANS
 
                            August 25
 
  In line 2 of the printed bill, after the first semicolon insert
'amending sections 37 and 38, chapter ___, Oregon Laws 2003
(Enrolled House Bill 5077); repealing sections 93 and 94, chapter
___, Oregon Laws 2003 (Enrolled House Bill 5077), and sections 21
and 22, chapter ___, Oregon Laws 2003 (Enrolled House Bill
5067);' and delete 'limiting expenditures;'.
  Delete lines 5 through 18 and insert:
  '  { +  SECTION 1. + }  { + In addition to and not in lieu of
any other appropriation, there is appropriated to the Department
of Education, out of the General Fund, for the biennium beginning
July 1, 2003, the amount of $400,000 for the Local Option
Equalization Grants Account. + }
  '  { +  SECTION 2. + } If House Bill 5077 becomes law, section
37, chapter ___, Oregon Laws 2003 (Enrolled House Bill 5077), is
amended to read:
  '  { +  Sec. 37. + } (1) Sections 38 to 40   { - of this 2003
Act - }  { + , chapter ___, Oregon Laws 2003 (Enrolled House Bill
5077), + } become operative only if  { + the estimated ending
balance for the General Fund for the biennium beginning July 1,
2003, specified in + } the estimate of General Fund revenues for
the biennium beginning July 1, 2003, that is scheduled to be
issued by the Oregon Department of Administrative Services in
June 2004, is more than $100,000,000   { - above the
end-of-session estimate that is reported to the Emergency Board
under ORS 291.349 (1) - } .
  ' (2) If the condition specified in subsection (1) of this
section is met, sections 38 to 40   { - of this 2003 Act - }
 { + , chapter ___, Oregon Laws 2003 (Enrolled House Bill
5077), + } become operative on July 1, 2004.
  '  { +  SECTION 3. + } If House Bill 5077 becomes law, section
38, chapter ___, Oregon Laws 2003 (Enrolled House Bill 5077), is
amended to read:
  '  { +  Sec. 38. + } The Oregon Department of Administrative
Services shall calculate the following:
  ' (1) The amount   { - by which the estimate of General Fund
revenues for the biennium beginning July 1, 2003, that is
scheduled to be issued by the Oregon Department of Administrative
Services in June 2004, exceeds the end-of-session estimate that
is reported to the Emergency Board under ORS 291.349 (1) - }
 { +  of the estimated ending balance for the General Fund for
the biennium beginning July 1, 2003 + }.
  ' (2) The amount that is equal to the amount calculated under
subsection (1) of this section minus $100,000,000.
  '  { +  SECTION 4. + }  { + If House Bill 5077 becomes law:
  ' (1) Section 93, chapter ___, Oregon Laws 2003 (Enrolled House
Bill 5077), and section 21, chapter ___, Oregon Laws 2003
(Enrolled House Bill 5067), are repealed.
  ' (2) Section 94, chapter ___, Oregon Laws 2003 (Enrolled House
Bill 5077), and section 22, chapter ___, Oregon Laws 2003
(Enrolled House Bill 5067), are repealed. + }
  '  { +  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. + } ' .
                         ----------