Chapter 702
AN ACT
SB 5515
Relating to financial administration of the Department of Higher
Education; appropriating money; limiting expenditures; and declaring an
emergency.
Be It Enacted by the People of
the State of
SECTION 1. There are appropriated to the Department of
Higher Education, for the biennium beginning July 1, 2007, out of the General
Fund, the following amounts for the following purposes:
(1) Education and general services
of higher education.......................... $ 692,348,796
(2) Agricultural Experiment Station
and the branch experiment
stations of
University.......................................... $ 60,122,518
(3) Extension Service of
State University................................ $ 43,460,635
(4)
(5) Debt service and related costs:
(a) Debt service on outstanding
general obligation bonds
sold pursuant to Article XI-G
of the
(b) Debt service on outstanding
certificates of participation.............. $ 2,188,700
(c) Repayment of energy loans to the
State Department
of Energy........... $ 1,446,253
(d) Debt-related costs............................. $ 177,047
SECTION 2. Notwithstanding any other law limiting
expenditures, the following amounts are established for the biennium beginning
July 1, 2007, as the maximum limits 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 Department of Higher
Education for the following purposes:
(1) Education and general services
of higher education.......................... $ 1,162,376,168
(2) Agricultural Experiment Station
and the branch experiment
stations of
University.......................................... $ 14,200,040
(3) Extension Service of
State
University................................ $ 24,647,553
(4)
SECTION 3. Notwithstanding any other law limiting
expenditures, the amount of $12,683,423 is established for the biennium
beginning July 1, 2007, as the maximum limit for payment of expenses from funds
allocated to the Department of Higher Education from the Sports Lottery
Account.
SECTION 4. Notwithstanding any other law limiting
expenditures, the amount of $13,298,809 is established for the biennium
beginning July 1, 2007, as the maximum limit for payment of expenses by the
Department of Higher Education from lottery moneys allocated from the
Administrative Services Economic Development Fund for debt service on lottery
bonds.
SECTION 5. (1) For the biennium beginning July 1, 2007,
expenditures by the Department of Higher Education of moneys from gift, grant
and contract activities, noncredit continuing education, auxiliary enterprise
activities, user fee-supported education and public service activities and
student aid programs, excluding fee remissions, for gift, grant and contract
activities, noncredit continuing education, auxiliary enterprise activities,
user fee-supported education and public service activities and student aid
programs, excluding fee remissions, are not limited.
(2) For the biennium
beginning July 1, 2007, expenditures by the department of moneys from fees,
moneys or other revenues for debt service or for administrative costs relating
to debt service on bonds sold pursuant to Article XI-F(1) of the Oregon
Constitution, are not limited.
(3) For the biennium
beginning July 1, 2007, expenditures by the department of moneys from fees,
moneys or other revenues, other than those appropriated under section 1 of this
2007 Act, for debt service, for administrative costs relating to debt service
on outstanding certificates of participation and for repayment of energy loans
to the State Department of Energy are not limited.
SECTION 6. Notwithstanding any other provision of law,
the General Fund appropriation made to the Department of Higher Education by
section 1, chapter 781, Oregon Laws 2005, for the biennium ending June 30,
2007, for the purpose of education and general services of higher education, as
modified by Emergency Board action, is decreased by $600,000.
SECTION 7. 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 28, 2007
Filed in the office of Secretary of State July 2, 2007
Effective date June 28, 2007
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