Chapter 755 Oregon Laws 2007

AN ACT

HB 5046

Relating to financial administration of the Tobacco Settlement Funds Account; and declaring an emergency.

Be It Enacted by the People of the State of Oregon:

SECTION 1. In addition to transfers to the Tobacco Enforcement Fund under ORS 293.537, the Oregon Department of Administrative Services shall make the following transfers from the Tobacco Settlement Funds Account for the biennium beginning July 1, 2007:

(1) To the Oregon Appropriation

Bond Fund established under

section 3, chapter 11,

Oregon Laws 2003...................... $ 112,608,791

(2) To the Oregon Health

and Science University

Bond Fund.................................. $ 31,978,666

SECTION 2. 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 12, 2007

Filed in the office of Secretary of State July 16, 2007

Effective date July 12, 2007

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