Bill Text: OR HB5035 | 2011 | Regular Session | Amended

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Relating to state financial administration; and declaring an emergency.

Sponsorship: Unknown

Status: (Passed) 2011-07-06 - Chapter 622, (2011 Laws): Effective date July 6, 2011. [HB5035 Detail]

Download: Oregon-2011-HB5035-Amended.html

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     76th OREGON LEGISLATIVE ASSEMBLY--2011 Regular Session

HA to HB 5035

LC 9035/HB 5035-1

                       HOUSE AMENDMENTS TO
                         HOUSE BILL 5035

              By JOINT COMMITTEE ON WAYS AND MEANS

                             June 29

  On page 1 of the printed bill, line 2, delete 'limiting
expenditures;'.
  Delete lines 4 through 27 and delete pages 2 through 4 and
insert:
  '  { +  SECTION 1. + }  { + During the biennium beginning July
1, 2011, all lottery revenues available to benefit the public
purposes specified in section 4, Article XV of the Oregon
Constitution, that are in excess of distributions or allocations
required by law shall be maintained in the Administrative
Services Economic Development Fund. + }
  '  { +  SECTION 2. + }  { + All moneys in the Administrative
Services Economic Development Fund as of July 1, 2011, and
thereafter are reserved to meet the commitments of this 2011
Act. + }
  '  { +  SECTION 3. + }  { + The following amounts are allocated
for the biennium beginning July 1, 2011, from the Administrative
Services Economic Development Fund, to the Oregon Business
Development Department, for the following purposes: + }

____NOTE_TO_WEB_CUSTOMERS:__________________________________
THE FOLLOWING TABULAR TEXT MAY BE IRREGULAR.
FOR COMPLETE INFORMATION PLEASE SEE THE PRINTED MEASURE.
_______________________________________________________________

   { +
(1Shar....................$6,822,694
  (2) Business, innovatio45,534,264
  (3) Oregon Film and 1,207,893i+e}
____________________________________________________________
END OF POSSIBLE IRREGULAR TABULAR TEXT
____________________________________________________________
  '  { +  SECTION 4. + }  { + There is allocated for the biennium
beginning July 1, 2011, from the Administrative Services Economic
Development Fund, to the Department of Education, for the State
School Fund, the amount of $374,741,287. + }
  '  { +  SECTION 5. + }  { + There is transferred to the Lottery
Bond Fund for the biennium beginning July 1, 2011, out of the
Oregon Education Fund, 100 percent of the declared earnings on
the Education Stability Fund that are transferred to the Oregon
Education Fund during the biennium beginning July 1, 2011, to be
used by the Department of Education for the purposes of
maintaining cash flow and paying, when due, the principal,
interest and premium, if any, on outstanding education lottery
bonds. + }
  '  { +  SECTION 6. + }  { + There is allocated for the biennium
beginning July 1, 2011, from the Administrative Services Economic
Development Fund, to the office of the Governor, the amount of
$1,856,674 for expenses of the Economic Revitalization Team. + }
  '  { +  SECTION 7. + }  { + (1) The Oregon Department of
Administrative Services shall establish a process for allocating
available moneys in the Administrative Services Economic
Development Fund on a quarterly basis to fulfill the biennial
allocations made by this 2011 Act. The department shall set the
quarterly allocations.
  ' (2) If, in any quarter, the moneys transferred from the State
Lottery Fund to the Administrative Services Economic Development
Fund are insufficient to pay for the quarterly allocations made
by this 2011 Act, prior to making any other allocations pursuant
to this 2011 Act, the department shall satisfy lottery bond debt
service obligations in the amount of $240,443,627, as
follows: + }

____NOTE_TO_WEB_CUSTOMERS:__________________________________
THE FOLLOWING TABULAR TEXT MAY BE IRREGULAR.
FOR COMPLETE INFORMATION PLEASE SEE THE PRINTED MEASURE.
_______________________________________________________________

   { +
(aFor .........$238,307,273onds
  (b) For lottery bond2,136,354s+u}d
____________________________________________________________
END OF POSSIBLE IRREGULAR TABULAR TEXT
____________________________________________________________
  '  { +  (3) After the lottery bond debt service obligations
described in subsection (2) of this section are satisfied, if the
remaining moneys transferred from the State Lottery Fund to the
Administrative Services Economic Development Fund are
insufficient to pay for the quarterly allocations made by this
2011 Act, the department shall reduce allocations proportionately
in amounts sufficient to accommodate the revenue shortfall. + }
  '  { +  SECTION 8. + }  { + (1) There is allocated for the
biennium beginning July 1, 2011, from the Administrative Services
Economic Development Fund, to the Oregon Department of
Administrative Services, the amount of $238,307,273 for the
purpose of paying, when due, the principal, interest and premium,
if any, on outstanding lottery bonds, as described in section 7
of this 2011 Act.
  ' (2) There is allocated for the biennium beginning July 1,
2011, from the Administrative Services Economic Development Fund,
to the Oregon Department of Administrative Services, the amount
of $2,136,354 for the purpose of paying, when due, the principal,
interest and premium, if any, on lottery bonds issued in the
biennium beginning July 1, 2011, as described in section 7 of
this 2011 Act. + }
  '  { +  SECTION 9. + }  { + Notwithstanding and in lieu of the
requirement in ORS 461.543 (4) for a percentage-based transfer of
moneys, for the biennium beginning July 1, 2011, the amount
allocated from the Administrative Services Economic Development
Fund to the Sports Lottery Account is $8,825,680. + }
  '  { +  SECTION 10. + }  { + Notwithstanding and in lieu of the
requirement in ORS 461.547 (1) for a percentage-based transfer of
moneys, for the biennium beginning July 1, 2011, the amount
allocated from the Administrative Services Economic Development
Fund to the Oregon Department of Administrative Services is
$37,118,584 for distribution to counties for economic development
activities as provided by ORS 461.547. + }
  '  { +  SECTION 11. + }  { + Notwithstanding and in lieu of the
requirement in ORS 461.549 (2) for a percentage-based transfer of
moneys, for the biennium beginning July 1, 2011, the amount
allocated from the Administrative Services Economic Development
Fund to the Problem Gambling Treatment Fund is $10,972,521. + }
  '  { +  SECTION 12. + }  { + Notwithstanding and in lieu of the
requirement in ORS 565.447 for a percentage-based transfer of
moneys, for the biennium beginning July 1, 2011, the amount
allocated from the Administrative Services Economic Development

Fund to the County Fair Account established by ORS 565.445 is
$3,600,135. + }
  '  { +  SECTION 13. + }  { + There is allocated for the
biennium beginning July 1, 2011, from the Administrative Services
Economic Development Fund, to the Oregon Department of
Administrative Services, for transfer to the State Department of
Agriculture, the amount of $18,354 for the purpose of supporting
the administration of county fairs in this state. + }
  '  { +  SECTION 14. + }  { + This 2011 Act being necessary for
the immediate preservation of the public peace, health and
safety, an emergency is declared to exist, and this 2011 Act
takes effect July 1, 2011. + } ' .
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