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 9044
 
                         House Bill 5044
 
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.
 
  Appropriates moneys from General Fund to Oregon Student
Assistance Commission for certain biennial expenses.
  Limits biennial expenditures from fees, moneys or other
revenues, including Miscellaneous Receipts, but excluding
specified lottery funds and federal funds, collected or received
by commission.
  Limits biennial expenditures by commission from federal funds.
  Limits biennial expenditures by commission from lottery moneys
allocated from Education Stability Fund for Oregon Opportunity
Grants.
  Authorizes specified nonlimited expenditures.
  Declares emergency, effective July 1, 2007.
 
                        A BILL FOR AN ACT
Relating to financial administration of the Oregon Student
  Assistance Commission; appropriating money; limiting
  expenditures; and declaring an emergency.
Be It Enacted by the People of the State of Oregon:
  SECTION 1.  { + There are appropriated to the Oregon Student
Assistance Commission, for the biennium beginning July 1, 2007,
out of the General Fund, the following amounts for the following
purposes: + }
 
____NOTE_TO_WEB_CUSTOMERS:__________________________________
THE FOLLOWING TABULAR TEXT MAY BE IRREGULAR.
FOR COMPLETE INFORMATION PLEASE SEE THE PRINTED MEASURE.
_______________________________________________________________
 
   { +
(1Financial aid payments to
      individuals and ins99,637,655
  (2) Operations......5,171,167 + }
____________________________________________________________
END OF POSSIBLE IRREGULAR TABULAR TEXT
____________________________________________________________
  SECTION 2.  { + Notwithstanding any other law limiting
expenditures, the amount of $6,308,215 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 federal funds, lottery
moneys allocated from the Education Stability Fund for Oregon
Opportunity Grants and those funds described in section 5 of this
2007 Act, collected or received by the Oregon Student Assistance
Commission. + }
  SECTION 3.  { + Notwithstanding any other law limiting
expenditures, the amount of $2,104,655 is established for the
biennium beginning July 1, 2007, as the maximum limit for payment
of expenses from federal funds collected or received by the
Oregon Student Assistance Commission. + }
  SECTION 4.  { + Notwithstanding any other law limiting
expenditures, the amount of $9,507,036 is established for the
biennium beginning July 1, 2007, as the maximum limit for payment
of expenses from lottery moneys allocated from the Education
Stability Fund to the Oregon Student Assistance Commission for
Oregon Opportunity Grants. + }
  SECTION 5.  { + For the biennium beginning July 1, 2007,
expenditures by the Oregon Student Assistance Commission for the
following activities are not limited:
  (1) Making disbursements of grants from private and special
scholarship accounts as established by the Legislative Assembly;
and
  (2) Making disbursements of educational benefits to individuals
through the JOBS Plus Program. + }
  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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