74th OREGON LEGISLATIVE ASSEMBLY--2007 Regular Session
 
Note: For budget, see 2007-2009 Biennial Budget
NOTE:  Matter within  { +  braces and plus signs + } in an
amended section is new. Matter within  { -  braces and minus
signs - } is existing law to be omitted. New sections are within
 { +  braces and plus signs + } .
 
LC 9020
 
                           A-Engrossed
 
                         House Bill 5020
                   Ordered by the House June 4
             Including House Amendments dated June 4
 
Ordered printed by the Speaker pursuant to House Rule 12.00A (5).
  Presession filed (at the request of Budget and Management
  Division, Oregon Department of Administrative Services)
 
 
                             SUMMARY
 
The following summary is not prepared by the sponsors of the
measure and is not a part of the body thereof subject to
consideration by the Legislative Assembly. It is an editor's
brief statement of the essential features of the measure.
 
  Appropriates moneys from General Fund to Department of
Education for State School Fund.
  Limits biennial expenditures by department of lottery funds
allocated to department for State School Fund.
  Limits biennial expenditures by department from fees, moneys or
other revenues, including Miscellaneous Receipts, but excluding
lottery funds and federal funds, collected or received by
department.
  Establishes maximum amount department may spend from State
School Fund each fiscal year of biennium.
  Appropriates moneys from General Fund to department for Local
Option Equalization Grants Account.
  Declares emergency, effective July 1, 2007.
 
                        A BILL FOR AN ACT
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. + }
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