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 9529
 
                        Senate Bill 5529
 
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 as
introduced.
 
  Appropriates moneys from General Fund to Oregon Department of
Administrative Services for Oregon Health and Science University.
  Limits biennial expenditures by department from Oregon Health
and Science University Bond Fund.
  Declares emergency, effective July 1, 2007.
 
                        A BILL FOR AN ACT
Relating to financial administration of Oregon Health and Science
  University; 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 Oregon Department of
Administrative Services, for the biennium beginning July 1, 2007,
out of the General Fund, the following amounts for Oregon Health
and Science University: + }
 
____NOTE_TO_WEB_CUSTOMERS:__________________________________
THE FOLLOWING TABULAR TEXT MAY BE IRREGULAR.
FOR COMPLETE INFORMATION PLEASE SEE THE PRINTED MEASURE.
_______________________________________________________________
 
   { +
(1Educ....................$81,425,529
  (2) University hospitals2,826,713ics
  (3) Child Development and
      Rehabilitation C9,983,739 + }
____________________________________________________________
END OF POSSIBLE IRREGULAR TABULAR TEXT
____________________________________________________________
  SECTION 2.  { + Allocations of funding authorized by section 1
of this 2007 Act shall be made in an amount equal to one-eighth
of the authorized appropriation on the first day of each quarter
of the biennium beginning July 1, 2007. + }
  SECTION 3.  { + Notwithstanding any other law limiting
expenditures, the amount of $31,978,666 is established for the
biennium beginning July 1, 2007, as the maximum limit for payment
of expenses by the Oregon Department of Administrative Services
from the Oregon Health and Science University Bond Fund for the
following purposes:
  (1) Paying the principal of, and the interest and premium on,
outstanding general obligation bonds;
  (2) Funding the general obligation bond reserves; and
  (3) Paying amounts due in connection with any instrument
authorized by section 18 (4)(c), chapter 921, Oregon Laws
2001. + }
  SECTION 4.  { + 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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