Bill > HB5035

This bill establishes a financial spending limit for the Oregon Racing Commission (ORC) for the 2025-2027 biennium, setting a maximum expenditure of $7,662,147 from fees, revenues, and miscellaneous receipts. The bill specifically excludes lottery and federal funds from this calculation. By declaring an emergency, the bill ensures that these expenditure limits will take effect immediately on July 1, 2025. The legislation appears to be a standard budgetary measure that provides a clear fiscal framework for the ORC's financial operations during the upcoming two-year budget cycle, allowing the agency to plan and manage its expenses within the specified limit. The emergency declaration suggests that timely implementation of these financial guidelines is crucial for the agency's operational continuity and effectiveness.

Budget and Finance, Transportation and Infrastructure

https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/HB5035