Bill Text: OR HB5035 | 2011 | Regular Session | Enrolled
Bill Title: Relating to state financial administration; and declaring an emergency.
Spectrum: Unknown
Status: (Passed) 2011-07-06 - Chapter 622, (2011 Laws): Effective date July 6, 2011. [HB5035 Detail]
Download: Oregon-2011-HB5035-Enrolled.html
76th OREGON LEGISLATIVE ASSEMBLY--2011 Regular Session
Enrolled
House Bill 5035
Introduced and printed pursuant to House Rule 12.00. Presession
filed (at the request of Budget and Management Division, Oregon
Department of Administrative Services)
CHAPTER ................
AN ACT
Relating to state financial administration; and declaring an
emergency.
Be It Enacted by the People of the State of Oregon:
SECTION 1. { + During the biennium beginning July 1, 2011, all
lottery revenues available to benefit the public purposes
specified in section 4, Article XV of the Oregon Constitution,
that are in excess of distributions or allocations required by
law shall be maintained in the Administrative Services Economic
Development Fund. + }
SECTION 2. { + All moneys in the Administrative Services
Economic Development Fund as of July 1, 2011, and thereafter are
reserved to meet the commitments of this 2011 Act. + }
SECTION 3. { + The following amounts are allocated for the
biennium beginning July 1, 2011, from the Administrative Services
Economic Development Fund, to the Oregon Business Development
Department, for the following purposes: + }
____NOTE_TO_WEB_CUSTOMERS:__________________________________
THE FOLLOWING TABULAR TEXT MAY BE IRREGULAR.
FOR COMPLETE INFORMATION PLEASE SEE THE PRINTED MEASURE.
_______________________________________________________________
{ +
(1Shar....................$6,822,694
(2) Business, innovatio45,534,264
(3) Oregon Film and 1,207,893i+e}
____________________________________________________________
END OF POSSIBLE IRREGULAR TABULAR TEXT
____________________________________________________________
SECTION 4. { + There is allocated for the biennium beginning
July 1, 2011, from the Administrative Services Economic
Development Fund, to the Department of Education, for the State
School Fund, the amount of $374,741,287. + }
SECTION 5. { + There is transferred to the Lottery Bond Fund
for the biennium beginning July 1, 2011, out of the Oregon
Education Fund, 100 percent of the declared earnings on the
Education Stability Fund that are transferred to the Oregon
Education Fund during the biennium beginning July 1, 2011, to be
used by the Department of Education for the purposes of
maintaining cash flow and paying, when due, the principal,
Enrolled House Bill 5035 (HB 5035-A) Page 1
interest and premium, if any, on outstanding education lottery
bonds. + }
SECTION 6. { + There is allocated for the biennium beginning
July 1, 2011, from the Administrative Services Economic
Development Fund, to the office of the Governor, the amount of
$1,856,674 for expenses of the Economic Revitalization Team. + }
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 2011 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 2011 Act, prior to making any other allocations pursuant
to this 2011 Act, the department shall satisfy lottery bond debt
service obligations in the amount of $240,443,627, as
follows: + }
____NOTE_TO_WEB_CUSTOMERS:__________________________________
THE FOLLOWING TABULAR TEXT MAY BE IRREGULAR.
FOR COMPLETE INFORMATION PLEASE SEE THE PRINTED MEASURE.
_______________________________________________________________
{ +
(aFor .........$238,307,273onds
(b) For lottery bond2,136,354s+u}d
____________________________________________________________
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, the department shall reduce allocations proportionately
in amounts sufficient to accommodate the revenue shortfall. + }
SECTION 8. { + (1) There is allocated for the biennium
beginning July 1, 2011, from the Administrative Services Economic
Development Fund, to the Oregon Department of Administrative
Services, the amount of $238,307,273 for the purpose of paying,
when due, the principal, interest and premium, if any, on
outstanding lottery bonds, as described in section 7 of this 2011
Act.
(2) There is allocated for the biennium beginning July 1, 2011,
from the Administrative Services Economic Development Fund, to
the Oregon Department of Administrative Services, the amount of
$2,136,354 for the purpose of paying, when due, the principal,
interest and premium, if any, on lottery bonds issued in the
biennium beginning July 1, 2011, as described in section 7 of
this 2011 Act. + }
SECTION 9. { + 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, 2011, the amount allocated from
the Administrative Services Economic Development Fund to the
Sports Lottery Account is $8,825,680. + }
SECTION 10. { + Notwithstanding and in lieu of the requirement
in ORS 461.547 (1) for a percentage-based transfer of moneys, for
the biennium beginning July 1, 2011, the amount allocated from
Enrolled House Bill 5035 (HB 5035-A) Page 2
the Administrative Services Economic Development Fund to the
Oregon Department of Administrative Services is $37,118,584 for
distribution to counties for economic development activities as
provided by ORS 461.547. + }
SECTION 11. { + Notwithstanding and in lieu of the requirement
in ORS 461.549 (2) for a percentage-based transfer of moneys, for
the biennium beginning July 1, 2011, the amount allocated from
the Administrative Services Economic Development Fund to the
Problem Gambling Treatment Fund is $10,972,521. + }
SECTION 12. { + Notwithstanding and in lieu of the requirement
in ORS 565.447 for a percentage-based transfer of moneys, for the
biennium beginning July 1, 2011, the amount allocated from the
Administrative Services Economic Development Fund to the County
Fair Account established by ORS 565.445 is $3,600,135. + }
SECTION 13. { + There is allocated for the biennium beginning
July 1, 2011, from the Administrative Services Economic
Development Fund, to the Oregon Department of Administrative
Services, for transfer to the State Department of Agriculture,
the amount of $18,354 for the purpose of supporting the
administration of county fairs in this state. + }
SECTION 14. { + 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. + }
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Passed by House June 30, 2011
.............................................................
Ramona Kenady Line, Chief Clerk of House
.............................................................
Bruce Hanna, Speaker of House
.............................................................
Arnie Roblan, Speaker of House
Passed by Senate June 30, 2011
.............................................................
Peter Courtney, President of Senate
Enrolled House Bill 5035 (HB 5035-A) Page 3
Received by Governor:
......M.,............., 2011
Approved:
......M.,............., 2011
.............................................................
John Kitzhaber, Governor
Filed in Office of Secretary of State:
......M.,............., 2011
.............................................................
Kate Brown, Secretary of State
Enrolled House Bill 5035 (HB 5035-A) Page 4
