74th OREGON LEGISLATIVE ASSEMBLY--2007 Regular Session
Enrolled
Senate Bill 5517
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)
CHAPTER ................
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.
Enrolled Senate Bill 5517 (SB 5517-A) Page 1
(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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Passed by Senate June 22, 2007
...........................................................
Secretary of Senate
...........................................................
President of Senate
Passed by House June 26, 2007
...........................................................
Speaker of House
Enrolled Senate Bill 5517 (SB 5517-A) Page 2
Received by Governor:
......M.,............., 2007
Approved:
......M.,............., 2007
...........................................................
Governor
Filed in Office of Secretary of State:
......M.,............., 2007
...........................................................
Secretary of State
Enrolled Senate Bill 5517 (SB 5517-A) Page 3