Bill Text: OR SB5532 | 2013 | 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.

Spectrum: Unknown

Status: (Passed) 2013-08-21 - Effective date, August 14, 2013. [SB5532 Detail]

Download: Oregon-2013-SB5532-Amended.html

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     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'.
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