Bill Text: OR SB5702 | 2012 | Regular Session | Amended

Oregon Senate Bill 5702 (Prior Session Legislation)

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) 2012-04-12 - Effective date, April 11, 2012. [SB5702 Detail]

Download: Oregon-2012-SB5702-Amended.html



     76th OREGON LEGISLATIVE ASSEMBLY--2012 Regular Session

SA to SB 5702

LC 297/SB 5702-3

                      SENATE AMENDMENTS TO
                        SENATE BILL 5702

              By JOINT COMMITTEE ON WAYS AND MEANS

                             March 5

  In line 2 of the printed bill, after the semicolon insert '
creating new provisions; amending section 7, chapter 622, Oregon
Laws 2011;'.
  Delete lines 4 through 18 and insert:
  '  { +  SECTION 1. + }  { + (1) Notwithstanding any other law
allocating moneys from the Administrative Services Economic
Development Fund, the allocation to the Oregon Business
Development Department established by section 3 (1), chapter 622,
Oregon Laws 2011, for the biennium beginning July 1, 2011, is
decreased by $139,171.
  ' (2) Notwithstanding any other law allocating moneys from the
Administrative Services Economic Development Fund, the allocation
to the Oregon Business Development Department established by
section 3 (2), chapter 622, Oregon Laws 2011, for the biennium
beginning July 1, 2011, is decreased by $293,896.
  ' (3) Notwithstanding any other law allocating moneys from the
Administrative Services Economic Development Fund, the allocation
to the Oregon Business Development Department established by
section 3 (3), chapter 622, Oregon Laws 2011, for the biennium
beginning July 1, 2011, is decreased by $81,315. + }
  '  { +  SECTION 2. + }  { + Notwithstanding any other law
allocating moneys from the Administrative Services Economic
Development Fund, the allocation to the Department of Education,
for the State School Fund, established by section 4, chapter 622,
Oregon Laws 2011, for the biennium beginning July 1, 2011, is
decreased by $2,979,570. + }
  '  { +  SECTION 3. + }  { + Notwithstanding any other law
allocating moneys from the Administrative Services Economic
Development Fund, the allocation to the office of the Governor
established by section 6, chapter 622, Oregon Laws 2011, for the
biennium beginning July 1, 2011, is decreased by $943. + }
  '  { +  SECTION 4. + } Section 7, chapter 622, Oregon Laws
2011, is amended to read:
  '  { +  Sec. 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 - }  { +  chapter 622, Oregon Laws 2011 + }.
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 - }  { +  chapter 622, Oregon Laws
2011 + }, prior to making any other allocations pursuant to
 { - this 2011 Act - }  { +  chapter 622, Oregon Laws 2011 + },
the department shall satisfy lottery bond debt service
obligations in the amount of
  { - $240,443,627 - }  { +  $248,243,839 + }, 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   { -
$ 238,307,273 - }

                           { +
$ 246,353,489 + }
  (b) For lottery bonds to be issued   { -
$ 2,136,354 - }

                           { +
$ 1,890,350 + }
____________________________________________________________
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 - }  { +  chapter 622, Oregon Laws 2011 + },
the department shall reduce allocations proportionately in
amounts sufficient to accommodate the revenue shortfall.
  '  { +  SECTION 5. + }  { + (1) Notwithstanding any other law
allocating moneys from the Administrative Services Economic
Development Fund, the allocation to the Oregon Department of
Administrative Services, established by section 8 (1), chapter
622, Oregon Laws 2011, for the biennium beginning July 1, 2011,
is increased by $8,046,216.
  ' (2) Notwithstanding any other law allocating moneys from the
Administrative Services Economic Development Fund, the allocation
to the Oregon Department of Administrative Services, established
by section 8 (2), chapter 622, Oregon Laws 2011, for the biennium
beginning July 1, 2011, is decreased by $246,004. + }
  '  { +  SECTION 6. + }  { + Notwithstanding any other law
allocating moneys from the Administrative Services Economic
Development Fund, the allocation to the Sports Lottery Account
established by section 9, chapter 622, Oregon Laws 2011, for the
biennium beginning July 1, 2011, is decreased by $232,960. + }
  '  { +  SECTION 7. + }  { + Notwithstanding any other law
allocating moneys from the Administrative Services Economic
Development Fund, the allocation to the Problem Gambling
Treatment Fund, established by section 11, chapter 622, Oregon
Laws 2011, for the biennium beginning July 1, 2011, is decreased
by $390,969. + }
  '  { +  SECTION 8. + }  { + Notwithstanding any other law
allocating moneys from the Criminal Fine and Assessment Account
and the Criminal Fine Account, the allocation to the Department
of Public Safety Standards and Training established by section
54, chapter 597, Oregon Laws 2011, for the period beginning July
1, 2011, and ending June 30, 2013, for the purpose of criminal
justice training and standards operations, is decreased by
$873,897. + }
  '  { +  SECTION 9. + }  { + This 2012 Act being necessary for
the immediate preservation of the public peace, health and
safety, an emergency is declared to exist, and this 2012 Act
takes effect on its passage. + } ' .
                         ----------