Chapter 700 Oregon Laws 2007
AN ACT
HB 5020
Relating to financial administration of the Department of Education;
appropriating money; limiting expenditures; and declaring an emergency.
Be It Enacted by the People of
the State of Oregon:
SECTION 1. In
addition to and not in lieu of any other appropriation, there is appropriated
to the Department of Education, for the biennium beginning July 1, 2007, out of
the General Fund, the amount of $5,350,357,521 for the State School Fund.
SECTION 2. Notwithstanding
any other law limiting expenditures, the amount of $634,142,231 is established
for the biennium beginning July 1, 2007, as the maximum limit for payment of
expenses from lottery moneys allocated from the Administrative Services
Economic Development Fund to the Department of Education for the State School
Fund.
SECTION 3. Notwithstanding
any other law limiting expenditures, the amount of $242,000 is established for
the biennium beginning July 1, 2007, as the maximum limit for payment of
expenses by the Department of Education from fees, moneys or other revenues,
including Miscellaneous Receipts, but excluding lottery funds and federal
funds, collected or received by the Department of Education for the State
School Fund.
SECTION 4. (1)
The Department of Education may not spend more than $2,914,569,233 from the
State School Fund for the fiscal year beginning July 1, 2007.
(2) The Department of
Education may not spend more than $3,070,172,519 from the State School Fund for
the fiscal year beginning July 1, 2008.
SECTION 5. In
addition to and not in lieu of any other appropriation, there is appropriated
to the Department of Education, for the biennium beginning July 1, 2007, out of
the General Fund, the amount of $400,000 for the Local Option Equalization
Grants Account.
SECTION 6. 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 July 1, 2007.
Approved by the Governor June 28, 2007
Filed in the office of Secretary of State July 2, 2007
Effective date July 1, 2007
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