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FIN-1.13 - FY 2006-07 State Revenue Sharing Program

FIN-1.13 - FY 2006-07 State Revenue Sharing Program
Binding City Policy
BCP-FIN-1.13

 
PURPOSE
 
The Council finds:
 
1. The State of Oregon established a State Revenue Sharing Program through the enactment of Senate Bill 11 by the 1977 Oregon Legislative Assembly.
 
2. Pursuant to ORS 221.770 the City must elect to receive the State Revenue Sharing Program funds and must notify the State of Oregon, Department of Administrative Services of said election prior to July 31, 2006. 
 

 
POLICY
 
NOW, THEREFORE, the Council directs:
 
a. The Office of Management and Finance is herby authorized to notify the State of Oregon, Department of Administrative Services that pursuant to ORS 221.770, the City hereby elects to receive state revenues for FY 2006-07.   
 
The Council declares that an emergency exists because it is necessary to notify the State of Oregon, Department of Administrative Services by July 31, 2006 that the City elects to receive State Revenue Sharing funds for the FY 2006-07 Budget; therefore, this ordinance shall be in full force and effect from and after its passage by Council.    

 
HISTORY
Ordinance No. 180254 passed by Council and effective June 22, 2006.