Bill Text: OR SB454 | 2013 | Regular Session | Introduced
Bill Title: Relating to state finance; prescribing an effective date; providing for revenue raising that requires approval by a three-fifths majority.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Failed) 2013-07-08 - In committee upon adjournment. [SB454 Detail]
Download: Oregon-2013-SB454-Introduced.html
77th OREGON LEGISLATIVE ASSEMBLY--2013 Regular Session
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 1117
Senate Bill 454
Sponsored by Senator GEORGE (Presession filed.)
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 as
introduced.
Transfers portion of ending balance from dedicated or
continuously appropriated other funds accounts to General Fund at
end of each biennium. Allows state agency to retain in account
amount equal to amount agency is authorized by law to spend from
account for first quarter of first fiscal year of biennium.
Takes effect on 91st day following adjournment sine die.
A BILL FOR AN ACT
Relating to state finance; prescribing an effective date; and
providing for revenue raising that requires approval by a
three-fifths majority.
Be It Enacted by the People of the State of Oregon:
SECTION 1. { + (1) Subject to subsections (2) and (3) of this
section, on July 1 of each odd-numbered year, or the next
business day following adjournment sine die of the regular
session of the Legislative Assembly held in an odd-numbered year,
whichever is later, each state agency administering an other
funds account shall transfer from the ending balance of the
account on June 30 of the odd-numbered year, to the General Fund,
an amount equal to any difference between:
(a) The ending balance of the other funds account on June 30 of
the odd-numbered year; and
(b) One-eighth of the amount the agency is authorized by the
Legislative Assembly to spend from the other funds account for
the biennium beginning on July 1 of the odd-numbered year.
(2) Subsection (1) of this section applies only if the ending
balance of the other funds account on June 30 of the odd-numbered
year is greater than one-eighth of the amount the agency is
authorized by the Legislative Assembly to spend from the other
funds account for the biennium beginning on July 1 of the
odd-numbered year.
(3) Subsections (1) and (2) of this section do not apply to:
(a) Funds or accounts that receive moneys appropriated from the
General Fund;
(b) Funds or accounts established by the Oregon Constitution or
whose expenditures are limited or otherwise directed by
provisions of the Oregon Constitution;
(c) Federal funds or lottery funds deposited in any fund or
account that includes dedicated or continuously appropriated
moneys; or
(d) Dedicated or continuously appropriated moneys in an other
funds account that are authorized by law to be expended without
limitation.
(4) As used in this section:
(a) 'Other funds account' means a statutory fund or account
that includes fees, moneys or other revenues, including
Miscellaneous Receipts, but excluding lottery funds and federal
funds, collected or received by a state agency that are dedicated
or continuously appropriated to the agency by statute for the
uses and purposes of the agency.
(b) 'State agency' has the meaning given that term in ORS
291.322. + }
SECTION 2. { + Notwithstanding section 1 (1) of this 2013 Act,
a state agency as defined in ORS 291.322 shall first transfer
moneys to the General Fund under section 1 of this 2013 Act not
later than 30 business days after the effective date of this 2013
Act. + }
SECTION 3. { + This 2013 Act takes effect on the 91st day
after the date on which the 2013 regular session of the
Seventy-seventh Legislative Assembly adjourns sine die. + }
----------
