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Section 440.410 - Annual audit.

OR Rev Stat § 440.410 (2019) (N/A)
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Note: Section 14, chapter 671, Oregon Laws 2019, provides:

Sec. 14. (1) For the biennium beginning July 1, 2019, at the request of the Oregon Department of Administrative Services, after the department consults with the Curry Health District, the State Treasurer is authorized to issue lottery bonds pursuant to ORS 286A.560 to 286A.585 in an amount that produces $2 million in net proceeds for the purposes described in subsection (2) of this section, plus an additional amount estimated by the State Treasurer to be necessary to pay bond-related costs.

(2) Net proceeds of lottery bonds issued under this section must be transferred to the department for deposit in the ODAS Economic Development Distributions Fund established under ORS 461.553 for distribution to the Curry Health District for creation of an emergency room, including acquisition of emergency services equipment, in the Curry Medical Center in Brookings.

(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 finding that emergency services are necessary components of a climate that facilitates and encourages economic development. [2019 c.671 §14]

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Section 440.410 - Annual audit.