Chapter 897 Oregon Laws 1999
Session Law
AN ACT
HB 5049
Relating to the financial
administration of the State Scholarship Commission; 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 State
Scholarship Commission, for the biennium beginning July 1, 1999, out of the
General Fund, the amount of $33,216,626.
SECTION 2. Notwithstanding any other law, the amount
of $13,419,694 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 and revenues for administration and operation
of the Federal Family Education Loans Program, but excluding lottery funds,
federal funds and interest earned on the Education Endowment Fund for need
grants, collected or received by the State Scholarship Commission.
SECTION 3. Notwithstanding any other law, the amount
of $656,146 is established for the biennium beginning July 1, 1999, as the
maximum limit for payment of expenses from federal funds collected or received
by the State Scholarship Commission.
SECTION 4. In addition to and notwithstanding any
other law, the amount of $4,258,088 is established for the biennium beginning
July 1, 1999, as the maximum limit for payment of expenses by the State
Scholarship Commission from interest earned on the Education Endowment Fund for
need grants.
SECTION 5. Section 2 of this 1999 Act does not limit,
affect or apply to expenditures to purchase defaulted loans from lenders; to
reimburse the federal portion of collections on defaulted loans; to pay
collection agency charges; to make disbursements of grants from private and
special scholarship accounts as established by the Legislative Assembly; and to
make disbursements of educational benefits to students as established by the
Legislative Assembly.
SECTION 6. (1) In addition to and not in lieu of any
other appropriation, there is appropriated to the Emergency Board, out of the
General Fund, for the biennium beginning July 1, 1999, the sum of $75,000 for
allocation to the State Scholarship Commission for the Medical-Dental Loan
Program.
(2) If any of the moneys
described in subsection (1) of this section are not allocated or obligated by
the Emergency Board prior to November 1, 2000, such unallocated and unobligated
moneys on that date become available for any other purpose for which the
Emergency Board may lawfully allocate funds.
SECTION 7. 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 8. 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
__________