1 2 3 4 5 6 7 8 9 10 11 12 13 14 83rd OREGON LEGISLATIVE ASSEMBLY--2025 Regular Session House Bill 5040 Introduced and printed pursuant to House Rule 12.00. Presession filed (at the request of Oregon Department of AdministrativeServices) SUMMARY The following summary is not prepared by the sponsors of the measure and is not a part of the body thereof subject to consideration by the Legislative Assembly. It is an editor’s brief statement of the essential features of the measure as introduced.The statement includes a measure digest written in compliance with applicable readability standards. Digest: The Act creates an agency budget. (Flesch Readability Score: 73.8). Limits expenditures of lottery funds from the Watershed Conservation Grant Fund for local grant expenditures by the Oregon Watershed Enhancement Board for a six-year period beginning July 1, 2025. Declares an emergency, effective July 1, 2025. A BILL FOR AN ACT Relating to the financial administration of the Oregon Watershed Enhancement Board; and declaring anemergency. Be It Enacted by the People of the State of Oregon: SECTION 1. Notwithstanding any other law limiting expenditures, the amount of $107,812,436 is established for a six-year period beginning July 1, 2025, as the maximum limit for payment of expenses by the Oregon Watershed Enhancement Board from lottery moneys deposited into the Watershed Conservation Grant Fund from the Parks and Natural Re- sources Fund, for local grant expenditure purposes listed in Article XV, section 4b, of the OregonConstitution. SECTION 2. This 2025 Act being necessary for the immediate preservation of the public peace, health and safety, an emergency is declared to exist, and this 2025 Act takes effect July 1, 2025. Note: For budget, see 2025-2027 Biennial Budget NOTE:Matter in boldfaced type in an amended section is new; matter [italic and bracketed] is existing law to be omitted. New sections are in boldfaced type. LC 9040