Oregon Statutes 286A.714 – Article XI-D Bond Fund; purposes
(1) The Article XI-D Bond Fund is established in the State Treasury, separate and distinct from the General Fund. Amounts in the bond fund may be invested as provided in ORS § 293.701 to 293.857, and interest earned on the bond fund must be credited to the bond fund. Amounts credited to the bond fund are continuously appropriated to the Oregon Department of Administrative Services for the purpose of paying, when due, the principal of, the interest on and the premium, if any, on outstanding Article XI-D bonds. The department shall deposit in the bond fund:
Terms Used In Oregon Statutes 286A.714
- State Treasury: includes those financial assets the lawful custody of which are vested in the State Treasurer and the office of the State Treasurer relating to the custody of those financial assets. See Oregon Statutes 174.100
(a) Capitalized or accrued interest on Article XI-D bonds;
(b) Amounts appropriated or otherwise provided by the Legislative Assembly for deposit in the bond fund; and
(c) Reserves established for the payment of Article XI-D bonds.
(2) The department may create separate accounts in the bond fund for reserves and debt service for each series of Article XI-D bonds. [2009 c.893 § 4]