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 9517
 
                           A-Engrossed
 
                        Senate Bill 5517
                  Ordered by the Senate June 21
            Including Senate Amendments dated June 21
 
Printed pursuant to Senate Interim Rule 213.28 by order of the
  President of the Senate in conformance with presession filing
  rules, indicating neither advocacy nor opposition on the part
  of the President (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 Housing and Community
Services Department for biennial expenses.
  Limits biennial expenditures from fees, moneys or other
revenues, including Miscellaneous Receipts, and including certain
federal funds, but excluding lottery funds and other federal
funds, collected or received by department.
  Limits biennial expenditures by department from certain lottery
moneys.
  Limits biennial expenditures by department from federal funds.
  Authorizes specified nonlimited expenditures.
  Declares emergency, effective July 1, 2007.
 
                        A BILL FOR AN ACT
Relating to financial administration of the Housing and Community
  Services Department; appropriating money; limiting
  expenditures; and declaring an emergency.
Be It Enacted by the People of the State of Oregon:
  SECTION 1.  { + There is appropriated to the Housing and
Community Services Department, for the biennium beginning July 1,
2007, out of the General Fund, the amount of $19,496,622. + }
  SECTION 2.  { + Notwithstanding any other law limiting
expenditures, the amount of $107,629,138 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 and federal funds from the United States
Department of Housing and Urban Development for contract
services, but excluding lottery funds and federal funds not
described in this section, collected or received by the Housing
and Community Services Department. + }
  SECTION 3.  { + Notwithstanding any other law limiting
expenditures, the amount of $5,932,768 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 Housing and Community
Services Department for lottery bonds. + }
  SECTION 4.  { + Notwithstanding any other law limiting
expenditures, the amount of $116,645,972 is established for the
biennium beginning July 1, 2007, as the maximum limit for payment
of expenses from federal funds other than those described in
sections 2 and 5 of this 2007 Act collected or received by the
Housing and Community Services Department. + }
  SECTION 5.  { + For the biennium beginning July 1, 2007,
expenditures by the Housing and Community Services Department for
the following are not limited:
  (1) Payments for costs resulting from the sale and issuance or
redemption of bonds issued under ORS 456.519, 456.645 and 456.650
and chapter 485, Oregon Laws 1977, and payment of debt service
and redemption premium on bonds so issued.
  (2) Payments for the purchase of bonds as provided in ORS
456.680.
  (3) Loans and payments for purchasing, insuring and servicing
loans as provided in ORS 456.625, 456.635, 456.690, 456.705,
456.715 and 456.717.
  (4) Payments for the purchase from lending institutions of
securities backed by residential loans as provided in ORS 456.635
(1).
  (5) Advances for development costs made in accordance with ORS
456.710.
  (6) Pass-through payments of federal rent subsidy moneys from
the United States Department of Housing and Urban Development.
  (7) Payments for costs associated with asset protection. + }
  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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