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 9543
 
                           A-Engrossed
 
                        Senate Bill 5543
                  Ordered by the Senate June 6
            Including Senate Amendments dated June 6
 
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.
 
  Limits expenditures of lottery funds from Parks and Natural
Resources Fund for capital expenditures by Oregon Watershed
Enhancement Board for six-year period beginning July 1, 2007.
  Declares emergency, effective July 1, 2007.
 
                        A BILL FOR AN ACT
Relating to financial administration of the Oregon Watershed
  Enhancement Board; limiting expenditures; and declaring an
  emergency.
Be It Enacted by the People of the State of Oregon:
  SECTION 1.  { + Notwithstanding any other law limiting
expenditures, the amount of $59,500,000 is established for a
six-year period beginning July 1, 2007, as the maximum limit for
payment of expenses by the Oregon Watershed Enhancement Board
from lottery moneys deposited into the Watershed Improvement
Grant Fund from the Parks and Natural Resources Fund, for capital
expenditure purposes listed in section 4b, Article XV of the
Oregon Constitution. + }
  SECTION 2.  { + 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. + }
                         ----------