Chapter 679 Oregon Laws 2009

AN ACT

HB 5032

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, 2009, out of the General Fund, the following amounts for Oregon Health and Science University:

(1)    Education and general services                              $          67,429,476

      (2)    University hospitals and clinics                               $          2,615,275

      (3)    Child Development and

              Rehabilitation Center                                              $          9,336,855

SECTION 2. Allocations of funding authorized by section 1 of this 2009 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, 2009.

SECTION 3. Notwithstanding any other law limiting expenditures, the amount of $31,912,991 is established for the biennium beginning July 1, 2009, 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 2009 Act being necessary for the immediate preservation of the public peace, health and safety, an emergency is declared to exist, and this 2009 Act takes effect July 1, 2009.

Approved by the Governor July 7, 2009

Filed in the office of Secretary of State July 7, 2009

Effective date July 7, 2009

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