Chapter 745
AN ACT
HB 5035
Relating to state financial administration; limiting expenditures; and
declaring an emergency.
Be It Enacted by the People of
the State of
SECTION 1. During the biennium beginning July 1, 2007,
all lottery revenues available to benefit the public purposes specified in
section 4, Article XV of the Oregon Constitution, that are in excess of
distributions or allocations required by law shall be maintained in the
Administrative Services Economic Development Fund.
SECTION 2. All moneys in the Administrative Services
Economic Development Fund as of July 1, 2007, and thereafter are reserved to
meet the commitments of this 2007 Act.
SECTION 3. The following amounts are allocated for the
biennium beginning July 1, 2007, from the Administrative Services Economic
Development Fund, to the Economic and Community Development Department, for the
following purposes:
(1) Department operations.................. $ 18,379,555
(3)
Development Fund......................... $ 43,269,190
(4) Strategic Reserve for
Workforce....................................... $ 1,700,000
(5) Targeted Service Providers........... $ 1,350,000
(7) Targeted Workforce Training...... $ 250,000
(8) Olympic Trials................................ $ 500,000
(9)
(10) Principal and interest
payments
on lottery
revenue
bonds................................. $ 57,726,272
SECTION 4. Notwithstanding any other law limiting
expenditures, the amount of $5,250,000 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 Economic and Community Development Department for deposit in the
Oregon Community Development Fund, for the Oregon Innovation Council for the
development of a signature research center focused on drug development in the
areas of infectious diseases.
SECTION 5. Notwithstanding any other law limiting
expenditures, the amount of $200,000 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
Economic and Community Development Department for the strategic reserve for
workforce development and for other economic development investments.
SECTION 6. There is allocated for the biennium
beginning July 1, 2007, from the Administrative Services Economic Development
Fund, to the Economic and Community Development Department, the amount of
$449,647 for the purpose of paying, when due, the principal, interest and
premium, if any, on outstanding lottery bonds for Coos Bay channel deepening
projects authorized pursuant to section 13, chapter 746, Oregon Laws 2007
(Enrolled House Bill 5036), and on any bonds issued to refund such lottery
bonds, of funding reserves for any of those bonds and of paying related costs
of the department.
SECTION 7. Notwithstanding any other law limiting
expenditures, for the biennium beginning July 1, 2007, the maximum limit for
payment of expenses from lottery moneys allocated from the Administrative
Services Economic Development Fund to the Economic and Community Development
Department for debt service under section 3 (10), chapter 760, Oregon Laws 2007
(Enrolled Senate Bill 5508), is increased by $389,882.
SECTION 8. There is allocated for the biennium
beginning July 1, 2007, from the Administrative Services Economic Development
Fund, to the Department of Education, for the State School Fund, the amount of
$634,142,231.
SECTION 9. There is allocated for the biennium
beginning July 1, 2007, from the Administrative Services Economic Development
Fund, to the Department of Transportation, the amount of $41,579,216 for the
purposes of paying, when due, the principal, interest and premium, if any, on
outstanding lottery bonds for rail projects, rail infrastructure assistance and
multimodal transportation infrastructure projects and on any bonds issued to
refund such lottery bonds, of funding reserves for any of those bonds and of
paying related costs of the department.
SECTION 10. There is allocated for the biennium
beginning July 1, 2007, from the Administrative Services Economic Development
Fund, to the Department of Transportation, the amount of $4,931,493 for the
purpose of paying, when due, the principal, interest and premium, if any, on
lottery bonds for rail projects, rail infrastructure assistance and multimodal
transportation infrastructure projects authorized pursuant to section 1,
chapter 859, Oregon Laws 2007 (Enrolled House Bill 2278), and on any bonds
issued to refund such lottery bonds, of funding reserves for any of those bonds
and of paying related costs of the department.
SECTION 11. Pursuant to ORS 461.549, there is allocated
for the biennium beginning July 1, 2007, from the Administrative Services
Economic Development Fund, to the Problem Gambling Treatment Fund, for
distribution to counties for treatment of gambling addiction, the amount of
$13,161,496.
SECTION 12. There is allocated for the biennium
beginning July 1, 2007, from the Administrative Services Economic Development
Fund, to the Department of Education, for the Lottery Bond Fund for the purpose
of paying, when due, the principal, interest and premium, if any, on
outstanding education lottery bonds, the amount of $41,874,677.
SECTION 13. There is transferred to the Lottery Bond
Fund for the biennium beginning July 1, 2007, out of the Oregon Education Fund,
100 percent of the declared earnings on the Education Stability Fund that are
transferred to the Oregon Education Fund during the biennium beginning July 1,
2007, to be used by the Department of Education for the purposes of maintaining
cash flow and paying, when due, the principal, interest and premium, if any, on
outstanding education lottery bonds.
SECTION 14. There is allocated for the biennium
beginning July 1, 2007, from the Administrative Services Economic Development
Fund, to the Housing and Community Services Department, for the purpose of
paying, when due, the principal, interest and premium, if any, on outstanding
lottery bonds, the amount of $4,396,584.
SECTION 15. There is allocated for the biennium
beginning July 1, 2007, from the Administrative Services Economic Development
Fund, to the Housing and Community Services Department, the amount of
$1,476,120 for the purpose of paying, when due, the principal, interest and
premium, if any, on lottery bonds issued to finance homeless housing.
SECTION 16. There is allocated for the biennium
beginning July 1, 2007, from the Administrative Services Economic Development
Fund, to the Oregon Department of Administrative Services, for transfer to the
State Department of Agriculture, the amount of $35,190 for the purpose of
supporting the administration of county fairs in this state.
SECTION 17. Pursuant to ORS 565.447, there is allocated
for the biennium beginning July 1, 2007, from the Administrative Services
Economic Development Fund, to the Oregon Department of Administrative Services,
the amount of $3,557,141 for the purpose of supporting county fairs in this
state. Funds allocated under this section shall be deposited in the County Fair
Account established by ORS 565.445.
SECTION 18. There is allocated for the biennium
beginning July 1, 2007, from the Administrative Services Economic Development
Fund, to the Oregon Department of Administrative Services, the amount of
$1,605,934 for the purpose of paying, when due, the principal, interest and
premium, if any, and bond-related costs on outstanding lottery bonds issued to
finance equipment modernization for public broadcasting in Oregon.
SECTION 19. Notwithstanding any other law limiting
expenditures, for the biennium beginning July 1, 2007, the maximum limit for
payment of expenses from lottery moneys allocated from the Administrative
Services Economic Development Fund to the Oregon Department of Administrative
Services for the purpose of paying, when due, the principal, interest and
premium, if any, and bond-related costs on lottery bonds issued to finance
equipment modernization for public broadcasting in Oregon pursuant to section
16, chapter 746, Oregon Laws 2007 (Enrolled House Bill 5036), is increased by
$168,703.
SECTION 19a. There is allocated for the biennium
beginning July 1, 2007, from the Administrative Services Economic Development
Fund, to the Oregon Department of Administrative Services, the amount of
$168,703 for the purpose of paying, when due, the principal, interest and
premium, if any, on lottery bonds issued for equipment modernization for public
broadcasting in Oregon.
SECTION 20. During the biennium beginning July 1, 2007,
the Oregon Department of Administrative Services shall transfer to the Oregon
Public Broadcasting Corporation $3,000,000 of the proceeds from lottery bonds
issued to finance modernization of equipment for public broadcasting in
SECTION 21. There is allocated for the biennium
beginning July 1, 2007, from the Administrative Services Economic Development
Fund, to the Department of Higher Education, the amount of $7,948,180 for the
purpose of paying, when due, the principal, interest and premium, if any, on
outstanding lottery bonds issued to finance facilities construction and
deferred maintenance projects.
SECTION 22. There is allocated for the biennium
beginning July 1, 2007, from the Administrative Services Economic Development
Fund, to the office of the Governor, the amount of $2,146,112 for expenses of
the Economic Revitalization Team.
SECTION 23. For the purpose of carrying out the
provisions of ORS 461.543 (4), there is allocated for the biennium beginning
July 1, 2007, from the Administrative Services Economic Development Fund, to
the Sports Lottery Account, the amount of $11,634,945.
SECTION 24. There is allocated for the biennium
beginning July 1, 2007, from the Administrative Services Economic Development
Fund, to the Oregon Department of Administrative Services, the amount of
$45,182,914 for distribution to counties for economic development activities as
provided by ORS 461.547.
SECTION 25. (1) The Oregon Department of Administrative
Services shall establish by rule a process for allocating available moneys in
the Administrative Services Economic Development Fund on a quarterly basis to
fulfill the biennial allocations made in this 2007 Act. All quarterly allocations
shall be set by the Oregon Department of Administrative Services.
(2) If, in any quarter,
the moneys transferred from the State Lottery Fund to the Administrative
Services Economic Development Fund are insufficient to pay for the quarterly
allocations made under this 2007 Act, the Oregon Department of Administrative
Services:
(a) Shall satisfy the
debt service obligations for Westside Light Rail in the amount of $19,927,285
prior to making any other allocations pursuant to this 2007 Act.
(b) Subject to paragraph
(a) of this subsection, prior to making any other allocations pursuant to this
2007 Act, shall satisfy debt service obligations in
the following amounts:
(A) Economic and Community
Development
Department.............. $ 58,175,919
(B) Department of Education.............. $ 41,874,677
(C) Housing and Community Services
Department..................................... $ 5,872,704
(D) Oregon Department of
Administrative
Services.................. $ 1,774,637
(E) Department of Higher
Education........................................ $ 13,277,317
(F) Department of Transportation
for rail and infrastructure
projects............................................ $ 46,510,709
(3) After the debt
service obligations described in subsection (2) of this section are satisfied,
if the remaining moneys transferred from the State Lottery Fund to the
Administrative Services Economic Development Fund are insufficient to pay for
the quarterly allocations made under this 2007 Act, the allocations shall be
reduced proportionately in sufficient amounts to accommodate the revenue
shortfall.
SECTION 26. Notwithstanding any other law limiting
expenditures, the amount of $2,130,000 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 Economic and
Community Development Department for the purpose of paying, when due, the
principal, interest and premium, if any, and bond-related costs on lottery
bonds issued.
SECTION 27. There is allocated for the biennium beginning
July 1, 2007, from the Administrative Services Economic Development Fund, to
the Department of Higher Education, the amount of $5,329,137 for the purpose of
paying, when due, the principal, interest and premium, if any, and bond-related
costs on lottery bonds issued to finance capital repair projects.
SECTION 28. 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 July 3, 2007
Filed in the office of Secretary of State July 5, 2007
Effective date July 3, 2007
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