ORS 541.657
Exemptions for certain expenditures of moneys from Water Supply Development Account
(1)
Specifically identified in an appropriation to the account from the General Fund for carrying out the purpose; or(2)
Specifically identified in legislation that authorizes a transfer of lottery bond proceeds to the account for carrying out the purpose. [2017 c.725 §20; 2020 s.s.2 c.10 §64](2)
Net proceeds of lottery bonds issued under this section must be transferred to the Water Resources Department for deposit in the Water Supply Development Account established in ORS 541.656 (Water Supply Development Account), in an amount sufficient to provide:(a)
$30 million in net proceeds to issue grants or loans to evaluate, plan and develop in-stream and out-of-stream statewide water development projects.(b)
$10 million in net proceeds to the Deschutes Basin Board of Control to modernize irrigation delivery systems infrastructure in the Deschutes Basin by piping open canals.(3)
The Legislative Assembly finds that the use of lottery bond proceeds will create jobs, further economic development, finance public education or restore and protect parks, beaches, watersheds and native fish and wildlife, and is authorized based on the following findings:(a)
Having adequate drinking water systems, irrigation, drainage and healthy ecosystems enhances community development and supports Oregon’s economic growth; and(b)
Assisting local governments to mitigate losses resulting from reduced water supply for irrigation and retirement of water rights will enhance community efforts to facilitate and promote economic growth. [2019 c.671 §3; 2021 c.682 §5]
Source:
Section 541.657 — Exemptions for certain expenditures of moneys from Water Supply Development Account, https://www.oregonlegislature.gov/bills_laws/ors/ors541.html.
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