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 9035
House Bill 5035
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 as
introduced.
Maintains lottery revenues available to benefit public purposes
during biennium beginning July 1, 2007, in Administrative
Services Economic Development Fund. Allocates moneys from fund
for biennium beginning July 1, 2007.
Directs Oregon Department of Administrative Services to
establish process for quarterly allocations of moneys from
Administrative Services Economic Development Fund.
Transfers certain interest earnings from Oregon Education Fund
to Lottery Bond Fund for payments by Department of Education on
education lottery bonds.
Declares emergency, effective July 1, 2007.
A BILL FOR AN ACT
Relating to state financial administration; and declaring an
emergency.
Be It Enacted by the People of the State of Oregon:
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: + }
____NOTE_TO_WEB_CUSTOMERS:__________________________________
THE FOLLOWING TABULAR TEXT MAY BE IRREGULAR.
FOR COMPLETE INFORMATION PLEASE SEE THE PRINTED MEASURE.
_______________________________________________________________
{ +
(1Depa....................$18,779,555
(2) Oregon Community
Development Fund...84,507,118
(3) Oregon Film and Vide1,281,695
(4) Principal and interest
payments on lottery
revenue bonds..57,786,037 + }
____________________________________________________________
END OF POSSIBLE IRREGULAR TABULAR TEXT
____________________________________________________________
SECTION 4. { + 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 $534,142,231. + }
SECTION 5. { + 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 $54,767,020 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 6. 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 $12,432,971.
SECTION 7. { + 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 $43,000,003. + }
SECTION 8. { + 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 9. { + 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 $6,048,291. + }
SECTION 10. { + 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 11. { + 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 12. { + 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 $1,615,754 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 13. { + 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 $17,987,120 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 14. { + 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
$1,871,541 for expenses of the Economic Revitalization Team. + }
SECTION 15. { + 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
$12,432,971. + }
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, the amount of $43,848,688 for distribution to counties
for economic development activities as provided by ORS
461.547. + }
SECTION 17. { + (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: + }
____NOTE_TO_WEB_CUSTOMERS:__________________________________
THE FOLLOWING TABULAR TEXT MAY BE IRREGULAR.
FOR COMPLETE INFORMATION PLEASE SEE THE PRINTED MEASURE.
_______________________________________________________________
{ +
(AEconomic and Community
Development Departm57,786,037
(B) Department of Educa43,000,003
(C) Housing and Community Services
Department..........6,048,291
(D) Oregon Department of
Administrative Servi1,615,754
(E) Department of Higher
Education..........17,987,120
(F) Department of Transportation
for rail and infrastructure
projects.......34,839,735 + }
____________________________________________________________
END OF POSSIBLE IRREGULAR TABULAR TEXT
____________________________________________________________
{ + (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 18. { + 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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