73rd OREGON LEGISLATIVE ASSEMBLY--2005 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 9584
 
                           B-Engrossed
 
                        Senate Bill 5584
                  Ordered by the House July 28
 Including Senate Amendments dated July 11 and House Amendments
                          dated July 28
 
Sponsored by COMMITTEE ON RULES
 
 
                             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 Oregon Student
Assistance Commission for certain biennial expenses.
  Limits biennial expenditures from fees, moneys or other
revenues, including Miscellaneous Receipts, but excluding
specified lottery funds and federal funds, collected or received
by commission.
  Limits biennial expenditures by commission from federal funds.
  Limits biennial expenditures by commission from lottery moneys
allocated from Education Stability Fund for Oregon Opportunity
Grants.
  Authorizes specified nonlimited expenditures.
  Declares emergency, effective July 1, 2005.
 
                        A BILL FOR 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 are appropriated to the Oregon Student
Assistance Commission, for the biennium beginning July 1, 2005,
out of the General Fund, the following amounts for the following
purposes: + }
 
____NOTE_TO_WEB_CUSTOMERS:__________________________________
THE FOLLOWING TABULAR TEXT MAY BE IRREGULAR.
FOR COMPLETE INFORMATION PLEASE SEE THE PRINTED MEASURE.
_______________________________________________________________
 
   { +
(1Financial aid payments to
      individuals and ins74,607,781
  (2) Operations......1,664,352 + }
____________________________________________________________
END OF POSSIBLE IRREGULAR TABULAR TEXT
____________________________________________________________
  SECTION 2.  { + Notwithstanding any other law limiting
expenditures, the amount of $3,584,419 is established for the
biennium beginning July 1, 2005, as the maximum limit for payment
of expenses from fees, moneys or other revenues, including
Miscellaneous Receipts, but excluding federal funds, lottery
moneys allocated from the Education Stability Fund for Oregon
Opportunity Grants and those funds described in section 5 of this
2005 Act, collected or received by the Oregon Student Assistance
Commission. + }
  SECTION 3.  { + Notwithstanding any other law limiting
expenditures, the amount of $2,103,860 is established for the
biennium beginning July 1, 2005, as the maximum limit for payment
of expenses from federal funds collected or received by the
Oregon Student Assistance Commission. + }
  SECTION 4.  { + Notwithstanding any other law limiting
expenditures, the amount of $1,527,619 is established for the
biennium beginning July 1, 2005, as the maximum limit for payment
of expenses from lottery moneys allocated from the Education
Stability Fund to the Oregon Student Assistance Commission for
Oregon Opportunity Grants. + }
  SECTION 5.  { + For the biennium beginning July 1, 2005,
expenditures by the Oregon Student Assistance Commission for the
following activities are not limited:
  (1) Making disbursements of grants from private and special
scholarship accounts as established by the Legislative Assembly;
and
  (2) Making disbursements of educational benefits to individuals
through the JOBS Plus Program. + }
  SECTION 6.  { + This 2005 Act being necessary for the immediate
preservation of the public peace, health and safety, an emergency
is declared to exist, and this 2005 Act takes effect July 1,
2005. + }
                         ----------