76th OREGON LEGISLATIVE ASSEMBLY--2011 Regular Session Note: For budget, see 2011-2013 Biennial Budget 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 9548 A-Engrossed Senate Bill 5548 Ordered by the Senate June 7 Including Senate Amendments dated June 7 Printed pursuant to Senate Interim Rule 213.28 by order of the President of the Senate in conformance with presession filing rules, indicating neither advocacy nor opposition on the part of the President (at the request of Budget and Management Division, Oregon Department of Administrative Services) 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. Limits expenditures of lottery funds from Parks and Natural Resources Fund for local grant expenditures by Oregon Watershed Enhancement Board for six-year period beginning July 1, 2011. Declares emergency, effective July 1, 2011. A BILL FOR AN ACT Relating to the financial administration of the Oregon Watershed Enhancement Board; limiting expenditures; and declaring an emergency. Be It Enacted by the People of the State of Oregon: SECTION 1. { + Notwithstanding any other law limiting expenditures, the amount of $55,019,938 is established for a six-year period beginning July 1, 2011, as the maximum limit for payment of expenses by the Oregon Watershed Enhancement Board from lottery moneys deposited into the Watershed Improvement Grant Fund from the Parks and Natural Resources Fund, for local grant expenditure purposes listed in section 4b, Article XV of the Oregon Constitution. + } SECTION 2. { + 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. + } ----------