75th OREGON LEGISLATIVE ASSEMBLY--2009 Regular Session
 
SA to SB 5520
 
LC 9520/SB 5520-1
 
                      SENATE AMENDMENTS TO
                        SENATE BILL 5520
 
              By JOINT COMMITTEE ON WAYS AND MEANS
 
                             June 19
 
  On page 1 of the printed bill, line 7, delete ' $5,851,490,766'
and insert '$5,257,495,645'.
  In line 12, delete '$340,252' and insert '$3,637,214'.
  Delete lines 19 through 24 and insert:
  ' (1) Not expend any moneys from the State School Fund for the
administration of ORS 326.133 and 326.136.
  ' (2) Expend up to $1,800,598 from the State School Fund for
the purposes of the Oregon Virtual School District.'.
  On page 2, delete lines 1 through 11.
  In line 12, delete '6' and insert '5' and delete '
$3,203,206,472' and insert '$2,940,096,041'.
  In line 14, delete '$3,187,687,690' and insert '
$3,060,099,962'.
  In line 16, delete '7' and insert '6'.
  In line 17, delete '2007' and insert '2009'.
  In line 18, delete '$1,311,200' and insert '$1,400,000'.
  After line 18, insert:
  '  { +  SECTION 7. + }  { + (1) In addition to and not in lieu
of any other appropriation, there is appropriated to the
Emergency Board, for the biennium beginning July 1, 2009, out of
the General Fund, the amount of $900,000, to be allocated to
Department of Education for the Local Option Equalization Grants
Account created by ORS 327.339.
  ' (2) If any of the moneys appropriated by subsection (1) of
this section are not allocated by the Emergency Board prior to
December 1, 2010, the moneys remaining on that date become
available for any purpose for which the Emergency Board lawfully
may allocate funds. + }
  '  { +  SECTION 8. + }  { + Notwithstanding any condition or
limitation described in ORS 293.144 and in addition to and not in
lieu of any other appropriation, there is appropriated to the
Department of Education, for the biennium beginning July 1, 2009,
out of the Oregon Rainy Day Fund, the amount determined as
provided by section 10 of this 2009 Act, for the State School
Fund. + }
  '  { +  SECTION 9. + }  { + In addition to and not in lieu of
any other appropriation, there is appropriated to the Department
of Education, for the biennium beginning July 1, 2009, out of the
General Fund, the amount determined as provided by section 10 of
this 2009 Act, for the State School Fund. + }
  '  { +  SECTION 10. + }  { + (1) As part of the quarterly
revenue estimate scheduled to be released in June 2010, the
Oregon Department of Administrative Services shall calculate the
sum of:
  ' (a) The projected ending balance of the General Fund for the
biennium beginning July 1, 2009;
  ' (b) The balance available in the Oregon Rainy Day Fund on the
day of the estimate; and
  ' (c) The balance in the Education Stability Fund on the day of
the estimate.
  ' (2) Subject to the limitations described in subsection (3) of
this section, of the amount calculated under subsection (1) of
this section that exceeds $100,000,000:
  ' (a) All moneys in the Oregon Rainy Day Fund are available to
satisfy the appropriation made under section 8 of this 2009 Act;
and
  ' (b) All unappropriated moneys in the General Fund are
available to satisfy the appropriation made under section 9 of
this 2009 Act.
  ' (3)(a) The appropriations made under sections 8 and 9 of this
2009 Act are not operative unless the sum calculated under
subsection (1) of this section exceeds $100,000,000.
  ' (b) The total amount appropriated under sections 8 and 9 of
this 2009 Act may not reduce the amount calculated under
subsection (1) of this section to below $100,000,000.
  ' (c) The total amount appropriated under sections 8 and 9 of
this 2009 Act may not exceed $200,000,000.
  ' (d) The first moneys used to satisfy the appropriations
described in sections 8 and 9 of this 2009 Act must come from the
Oregon Rainy Day Fund. The total balance of the Oregon Rainy Day
Fund must be appropriated as provided by section 8 of this 2009
Act before any moneys may be appropriated from the General Fund
as provided by section 9 of this 2009 Act. + }
  '  { +  SECTION 11. + }  { + If the conditions specified in
section 10 of this 2009 Act are met, sections 8 and 9 of this
2009 Act become operative on June 1, 2010. + } ' .
  In line 19, delete '8' and insert '12'.
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