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 9541
 
                        Senate Bill 5541
 
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 Department of
Veterans' Affairs for biennial expenses.
  Limits certain biennial expenditures from fees, moneys or other
revenues, including Miscellaneous Receipts and Oregon War
Veterans' Bond Sinking Account, but excluding lottery funds and
federal funds, collected or received by department.
  Authorizes specified nonlimited expenditures.
  Declares emergency, effective July 1, 2007.
 
                        A BILL FOR AN ACT
Relating to financial administration of the Department of
  Veterans' Affairs; 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 Department of
Veterans' Affairs, for the biennium beginning July 1, 2007, out
of the General Fund, the amount of $5,907,138 for payment of
expenses for services supplied to veterans. + }
  SECTION 2.  { + (1) Notwithstanding any other law limiting
expenditures, the amount of $40,003,966 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 the Oregon War Veterans' Bond Sinking
Account, but excluding lottery funds and federal funds, collected
or received by the Department of Veterans' Affairs for
administration, grants and services supplied to veterans.
  (2) This section does not limit expenditures from the Oregon
War Veterans' Bond Sinking Account for purposes described in
section 3 of this 2007 Act. + }
  SECTION 3.  { + For the biennium beginning July 1, 2007,
expenditures by the Department of Veterans' Affairs for the
following purposes are not limited:
  (1) Professional services and related costs associated directly
with bond sales;
  (2) Debt service;
  (3) Loans to veterans; and
  (4) Payments on behalf of borrowers for property taxes, city
liens, fire insurance, mortgage cancellation insurance and
repairs to and miscellaneous charges for borrower-owned property
that are charged to the loan account and repaid along with the
payment of loan interest and principal. + }
  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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