Since 1999 the Oregon Constitution has dedicated 15 percent of net Oregon Lottery proceeds to a Parks and Natural Resources Fund (Fund); other dedications of lottery proceeds support education and economic development. Half of the Fund is placed in a parks subaccount and applied to purposes related to state parks, ocean shore and beach access areas, historic sites and recreation areas and grants to local governments for parks; the other half is placed in a natural resources subaccount and applied to restoration/protection of native salmonids (for example, salmon and trout), watersheds, fish and wildlife habitats, and water quality.

The Constitution requires an affirmative vote of the people in 2014 to continue the 15 percent dedication beyond that year. This measure repeals the requirement for a vote in 2014 and continues the dedication. It also continues the equal division of the Fund between the two subaccounts described above. The measure also provides specific outcomes to be achieved by each subaccount and makes certain changes described below in the authorized or required uses of each subaccount's moneys.

Parks subaccount: the measure authorizes spending for regional, in addition to state and local, parks. It authorizes grants to regional, in addition to local, government entities to acquire property for public parks, natural areas or outdoor recreation areas, or to develop or improve such parks and areas. The measure requires legislative appropriation of at least 12 percent of subaccount moneys each biennium for such grants; the minimum appropriation increases to 25 percent if in any biennium the amount of new lottery proceeds deposited in the Fund exceeds the 2009-11 biennium's deposit by more than 50 percent. The measure prohibits paying state agency grant administration costs form subaccount moneys used for grants.

Natural resources subaccount: the measure authorizes spending for the restoration/protection of native wildlife and all native fish instead of just salmonids. The measure eliminates an existing requirement to spend 65 percent of subaccount moneys for capital expenditures. Instead, it requires at least 65 percent of subaccount moneys to go to one state agency for grants to entities other than state or federal agencies for projects that achieve the outcomes specified for the subaccount; the minimum appropriation increases to 70 percent if in any biennium the amount of net lottery proceeds deposited in the Fund exceeds the 2009-11 biennium's deposit by more than 50 percent. It prohibits paying state agency grant administration costs from subaccount moneys used for grants while permitting such payments from the rest of subaccount moneys.

The measure broadens the scope of Secretary of State audits of the Fund and requires payment for audits from Fund moneys not used for grant programs described above. The measure also requires each agency receiving Fund moneys to provide the legislature a biennial performance report describing measurable biennial and cumulative results of activities/programs the Fund finances.