75th OREGON LEGISLATIVE ASSEMBLY--2009 Regular Session
 
Note: For budget, see 2009-2011 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 9554
 
                           A-Engrossed
 
                        Senate Bill 5554
                  Ordered by the Senate June 19
            Including Senate Amendments dated June 19
 
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.
 
    { - Appropriates moneys from General Fund to _______ for
biennial expenses. - }
    { - Limits biennial expenditures from fees, moneys or other
revenues, including Miscellaneous Receipts, but excluding lottery
funds and federal funds, collected or received by _______. - }
    { - Limits biennial expenditures of _______ from federal
funds. - }
    { - Declares emergency, effective July 1, 2009. - }
   { +  Transfers, for biennium ending June 30, 2009, balance of
Education Stability Fund to State School Fund.
  Limits, for biennium ending June 30, 2009, expenditures from
lottery moneys transferred from Education Stability Fund to State
School Fund.
  Appropriates, for biennium beginning July 1, 2009, two-thirds
of balance in Oregon Rainy Day Fund to General Fund for general
governmental purposes.
  Decreases, for biennium ending June 30, 2009, General Fund
appropriation made to Department of Education for State School
Fund.
  Declares emergency, effective on passage. + }
 
                        A BILL FOR AN ACT
Relating to state financial administration; appropriating money;
  limiting expenditures; declaring an emergency; and providing
  for transfer of moneys from the Education Stability Fund and
  appropriation of moneys from the Oregon Rainy Day Fund that
  require approval by a three-fifths majority.
Be It Enacted by the People of the State of Oregon:
  SECTION 1.  { + The Legislative Assembly finds that there has
been a decline for two or more consecutive quarters in the last
12 months in seasonally adjusted nonfarm payroll employment. + }
  SECTION 2.  { + (1) Based on the findings in section 1 of this
2009 Act, and pursuant to section 4 (6), Article XV of the Oregon
Constitution, on the effective date of this 2009 Act, the balance
of the Education Stability Fund established by ORS 348.696 is
transferred from the Education Stability Fund to the State School
Fund established by ORS 327.008 for the biennium ending June 30,
2009.
  (2) As used in this section, 'balance of the Education
Stability Fund' means all moneys in the fund except for moneys in
the Oregon Growth Account and the school capital matching
subaccount. + }
  SECTION 3.  { + Based on the findings in section 1 of this 2009
Act, and pursuant to ORS 293.144, for the biennium beginning July
1, 2009, two-thirds of the balance in the Oregon Rainy Day Fund
on July 1, 2009, is appropriated to the General Fund to be
available for general governmental purposes. + }
  SECTION 4.  { + Notwithstanding any other law limiting
expenditures, for the biennium ending June 30, 2009, the maximum
limit for payment of expenses by the Department of Education from
lottery moneys transferred from the Education Stability Fund to
the State School Fund under section 2 of this 2009 Act is
$393,950,531. + }
  SECTION 5.  { + Notwithstanding any other provision of law, the
General Fund appropriation made to the Department of Education by
section 1, chapter 700, Oregon Laws 2007, for the biennium ending
June 30, 2009, for the State School Fund, as modified by
legislative or Emergency Board action, is decreased by
$393,950,531. + }
  SECTION 6.  { + 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 on its
passage. + }
                         ----------