Oregon Statutes 576.440 – Limitation on expenditures
(1) Except as otherwise provided in subsection (2) of this section, an expenditure of moneys for a fiscal year may not be made or incurred by or under the authority of a commodity commission under ORS § 576.051 to 576.455:
Terms Used In Oregon Statutes 576.440
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
(a) In excess of the total amount of expenditures estimated for the fiscal year in the budget adopted for the fiscal year or in excess of the total amount of expenditures estimated for the major group or category of the expenditure for the fiscal year in the budget adopted for the fiscal year.
(b) For any purpose different than that indicated by the major group or category of the expenditure in the budget adopted for the fiscal year.
(2) An expenditure of moneys for a fiscal year unforeseen at the time the budget is prepared may not be made or incurred by or under the authority of the commission under ORS § 576.051 to 576.455 in excess of the amount of unforeseen expenditures estimated as provided in ORS § 576.416. [1959 c.596 § 28; 2003 c.604 § 47]