75th OREGON LEGISLATIVE ASSEMBLY--2009 Regular Session
 
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 1543
 
                         House Bill 2392
 
Sponsored by Representative COWAN (at the request of Lincoln
  County) (Presession filed.)
 
 
                             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.
 
  Creates Federal Ocean Energy Fund for deposit of moneys
received by state from federal government under federal Outer
Continental Shelf Lands Act.
  Distributes and apportions among counties moneys received from
federal government from leases, easements or rights of way
granted under federal Act.
  Appropriates moneys to Oregon Department of Administrative
Services for expenses of distributing and apportioning moneys
under this Act.
 
                        A BILL FOR AN ACT
Relating to payments received under the Outer Continental Shelf
  Lands Act; creating new provisions; amending ORS 293.115; and
  appropriating money.
Be It Enacted by the People of the State of Oregon:
  SECTION 1.  { + Section 2 of this 2009 Act is added to and made
a part of ORS 293.565 to 293.575. + }
  SECTION 2.  { + (1) All moneys received from the United States
Government by this state as its distributive share of the amounts
collected for any lease, easement or right of way granted under
the Outer Continental Shelf Lands Act (43 U.S.C. 1337(p)), upon
receipt by the State Treasurer, shall be credited to a special
fund in the State Treasury to be known as the Federal Ocean
Energy Fund. The moneys shall be distributed to coastal counties
located adjacent to the lease, easement or right of way as
provided in subsection (3) of this section.
  (2) Prior to any distribution described in subsection (3) of
this section, the Oregon Department of Administrative Services
shall deduct a distribution charge to meet expenses incurred by
the department in administering this section. The distribution
charge shall be 60 cents for each county that receives moneys
distributed by the department under this section. The charge is
in addition to any transaction charge approved for the department
during the budgetary process. The amount of the distribution
charges is continuously appropriated to the department to meet
expenses incurred in administering this section.
  (3) The department shall ascertain, from the United States
officers who have the records of any lease, easement or right of
way for which moneys are received by this state under the Outer
Continental Shelf Lands Act (43 U.S.C. 1337(p)), the county or
counties that are located adjacent to the lease, easement or
right of way. The department shall segregate and pay over the
moneys, less the deduction described in subsection (2) of this
section, by warrant to the county located adjacent to the lease,
easement or right of way. If the lease, easement or right of way
is located adjacent to more than one county of this state, each
county shall receive an amount of the moneys proportionate to the
area of the lease, easement or right of way that is adjacent to
the county. + }
  SECTION 3. ORS 293.115 is amended to read:
  293.115. The following moneys shall be separate and distinct
from the General Fund:
  (1) Moneys paid into the State Treasury for fiduciary purposes
and moneys that are in trust funds, as defined in ORS 291.002.
  (2) Moneys by law directed and required to be placed by the
State Treasurer to the credit of:
  (a) The Agricultural College Fund principal and the interest
accruing from the investment thereof.
  (b) The Burbank Trust Fund and the interest accruing from the
investment thereof.
  (c) The Common School Fund and the interest accruing from the
investment thereof.
  (d) The Industrial Accident Fund under ORS 656.632 and the
interest accruing from the investment thereof.
  (e) The Consumer and Business Services Fund under ORS 705.145
and the interest accruing from the investment thereof.
  (f) The Workers' Benefit Fund created in ORS 656.605 and the
interest accruing from the investment thereof.
  (g) The University Fund principal and the interest accruing
from the investment thereof.
  (h) The University of Oregon Villard Endowment Interest Fund.
  (i) The Oregon Commercialized Research Fund created by ORS
284.725 and the interest accruing from the investment thereof.
  (j) The Oregon Innovation Fund created by ORS 284.720 and the
interest accruing from the investment thereof.
  (3) All sums received by the state from the federal government
from forest reserves, rentals, sales of timber and other sources
from forest reserves, under ORS 293.560 and the interest accruing
from the investment thereof.
  (4) All sums received from the five percentum of sales of
public lands and apportioned under ORS 272.085 and the interest
accruing from the investment thereof.
  (5) All sums received from the federal government under ORS
293.565 to 293.575 under  { + the + } Mineral Leasing Act,
 { + the + } federal Flood Control Act { + , + }   { - and - }
the Taylor Grazing Act  { + and the Outer Continental Shelf Lands
Act + } and the interest accruing from the investment thereof.
  (6) Any other funds or accounts created by law that are not
specifically established in the law creating them as funds or
accounts in the General Fund.
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