Bill Text: OR SB5532 | 2013 | Regular Session | Amended
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Relating to state financial administration; and declaring an emergency.
Spectrum: Unknown
Status: (Passed) 2013-08-21 - Effective date, August 14, 2013. [SB5532 Detail]
Download: Oregon-2013-SB5532-Amended.html
Bill Title: Relating to state financial administration; and declaring an emergency.
Spectrum: Unknown
Status: (Passed) 2013-08-21 - Effective date, August 14, 2013. [SB5532 Detail]
Download: Oregon-2013-SB5532-Amended.html
77th OREGON LEGISLATIVE ASSEMBLY--2013 Regular Session SA to SB 5532 LC 9532/SB 5532-3 SENATE AMENDMENTS TO SENATE BILL 5532 By JOINT COMMITTEE ON WAYS AND MEANS July 8 On page 1 of the printed bill, line 13, delete '$5,880,627 ' and insert '$7,698,998'. In line 14, delete '$65,634,298' and insert ' $54,171,696'. In line 15, delete '$1,153,616' and insert '$1,130,544'. In line 18, delete '$314,547,564' and insert ' $327,374,109'. In line 27, delete '$2,358,947' and insert '$3,261,204'. On page 2, delete lines 1 through 16 and insert: ' { + 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 2013 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 2013 Act or any other 2013 Act, including chapter ___, Oregon Laws 2013 (Enrolled Senate Bill 813), and chapter ___, Oregon Laws 2013 (Enrolled House Bill 2323), prior to making any other allocations pursuant to this 2013 Act or any other 2013 Act, including chapter ___, Oregon Laws 2013 (Enrolled Senate Bill 813), and chapter ___, Oregon Laws 2013 (Enrolled House Bill 2323), the department shall satisfy lottery bond debt service obligations in the amount of $241,594,783, as follows: + } ____NOTE_TO_WEB_CUSTOMERS:__________________________________ THE FOLLOWING TABULAR TEXT MAY BE IRREGULAR. FOR COMPLETE INFORMATION PLEASE SEE THE PRINTED MEASURE. _______________________________________________________________ { + (a)For outstanding lottery bonds....................$241,594,783 (b) For lottery bonds to be issued$ 0 + } ____________________________________________________________ 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 2013 Act or any other 2013 Act, including chapter ___, Oregon Laws 2013 (Enrolled Senate Bill 813), and chapter ___, Oregon Laws 2013 (Enrolled House Bill 2323), the department shall reduce the quarterly allocations not described in subsection (2)(a) and (b) of this section proportionately in amounts sufficient to accommodate the revenue shortfall. + } ' . In line 17, delete '(1)'. In line 19, delete '$249,553,311' and insert ' $241,594,783'. Delete lines 22 through 26. In line 30, delete '$37,415,971' and insert ' $33,849,166'. In line 35, delete '$10,487,956' and insert ' $10,545,832'. In line 39, delete '$3,931,144' and insert '$3,669,380'. Delete lines 40 through 45. On page 3, delete line 1 and insert: ' { + SECTION 12. + } { + There is allocated for the biennium beginning July 1, 2013, from the Administrative Services Economic Development Fund, to the State Forestry Department, the amount of $2,885,000 for Eastern Oregon Forest Collaboration. + } ' { + SECTION 13. + } { + Notwithstanding any other law allocating moneys from the Administrative Services Economic Development Fund, the allocation to the County Fair Account established by section 12, chapter 622, Oregon Laws 2011, for the biennium beginning July 1, 2011, as modified by legislative action, is increased by $10,349. + } ' { + SECTION 14. + } { + 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, 2013, the amount allocated from the Administrative Services Economic Development Fund to the Sports Lottery Account is $8,000,000. + } ' . In line 2, delete '14' and insert '15'. ----------