Tuesday, September 18, 2012

Where's the money go part 3--Measure 80 part 19

  The next bit of the text of Measure 80 talks about how the money that does not need to be spent to keep the OCC running will benefit the state:

(3) All money remaining in the cannabis account after reimbursement of the related commission and Attorney General costs shall be profits which the State Treasurer shall distribute quarterly as follows:

(a) Ninety percent shall be credited to the state’s general fund to finance state programs.

(b) Seven percent shall be credited to the Department of Human Resources and shall be continually appropriated to fund various drug abuse treatment programs on demand.

(c) One percent shall be credited to create and fund an agricultural state committee for the promotion of Oregon hemp fiber, protein and oil crops and associated industries. This new state committee shall be named the “Oregon Hemp Fiber and Food Committee.”

(d) One percent shall be credited to create and fund an agricultural state committee to develop and promote biodiesel fuel production from hemp seeds. This new state committee shall be named the “Oregon Hemp Biodiesel Committee.”

  So, the OCC income that does not have to be spent on operating costs or legal defense for those carrying out the law will be distributed every three months for the following purposes:

(a) 90% will go to the state general fund, which is "the most discretionary source of funds that the Governor and Legislature may spend."  That is to say, when the state needs more money for education, road repairs, or any other reason, the general fund is a major source for paying for those needs, and 90 cents of every dollar the OCC makes in profit will go into this fund.

(b) 7% will fund drug abuse treatment programs through the Department of Human Resources.

(c) 1% will be used to promote the use of hemp as food and for industrial purposes.

(d) 1% will be used to promote hemp biodiesel.

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