Chapter 597 Oregon Laws 2007

AN ACT

SB 5539

Relating to financial administration of the Real Estate Agency; 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 $7,790,247 is established for the biennium beginning July 1, 2007, as the maximum limit for payment of expenses from fees, moneys or other revenues, including Miscellaneous Receipts, but excluding lottery funds and federal funds, collected or received by the Real Estate Agency.

SECTION 2. Notwithstanding any other law limiting expenditures of the Real Estate Agency for the payment of expenses from fees, moneys or other revenues, including Miscellaneous Receipts, but excluding lottery funds and federal funds, for the biennium ending June 30, 2007, the limitation on expenditures for the Real Estate Agency established by section 1, chapter 602, Oregon Laws 2005, as modified by Emergency Board action, is increased by $50,957.

SECTION 3. This 2007 Act being necessary for the immediate preservation of the public peace, health and safety, an emergency is declared to exist, and this 2007 Act takes effect on its passage.

Approved by the Governor June 25, 2007

Filed in the office of Secretary of State June 27, 2007

Effective date June 25, 2007

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