75th OREGON LEGISLATIVE ASSEMBLY--2009 Regular Session
Enrolled
Senate Bill 5554
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)
CHAPTER ................
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. + }
Enrolled Senate Bill 5554 (SB 5554-A) Page 1
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. + }
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Passed by Senate June 19, 2009
...........................................................
Secretary of Senate
...........................................................
President of Senate
Passed by House June 22, 2009
...........................................................
Speaker of House
Enrolled Senate Bill 5554 (SB 5554-A) Page 2
Received by Governor:
......M.,............., 2009
Approved:
......M.,............., 2009
...........................................................
Governor
Filed in Office of Secretary of State:
......M.,............., 2009
...........................................................
Secretary of State
Enrolled Senate Bill 5554 (SB 5554-A) Page 3