Chapter 894 Oregon Laws 1999

Session Law

AN ACT

HB 5035

Relating to the financial administration of Insurance Pool Governing Board; appropriating money; limiting expenditures; and declaring an emergency.

Be It Enacted by the People of the State of Oregon:

SECTION 1. There is appropriated to the Insurance Pool Governing Board, for the biennium beginning July 1, 1999, out of the General Fund, the amount of $495,772.

SECTION 2. Notwithstanding any other law, the amount of $20,833,411 is established for the biennium beginning July 1, 1999, as the maximum limit for payment of expenses from fees, moneys or other revenues, including Miscellaneous Receipts, but excluding lottery funds and federal funds, collected or received by the Insurance Pool Governing Board.

SECTION 3. Notwithstanding any other law, the amount of $1,000,000 is established for the biennium beginning July 1, 1999, as the maximum limit for the payment of expenses from the federal funds collected or received by the Insurance Pool Governing Board.

SECTION 4. Notwithstanding any other law, all sections of this 1999 Act are subject to Oregon Department of Administrative Services rules related to allotting, controlling, and encumbering funds.

SECTION 5. This 1999 Act being necessary for the immediate preservation of the public peace, health and safety, an emergency is declared to exist, and this 1999 Act takes effect July 1, 1999.

Approved by the Governor July 30, 1999

Filed in the office of Secretary of State July 30, 1999

Effective date July 30, 1999

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