Bill Text: OR SB5702 | 2012 | 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) 2012-04-12 - Effective date, April 11, 2012. [SB5702 Detail]
Download: Oregon-2012-SB5702-Amended.html
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. + } ' . ----------