Oregon Statutes 468.498 – Medium and Heavy-Duty Electrification Charging Fund
(1) The Medium and Heavy-Duty Electrification Charging Fund is established in the State Treasury, separate and distinct from the General Fund. Interest earned by the Medium and Heavy-Duty Electrification Charging Fund must be credited to the Medium and Heavy-Duty Electrification Charging Fund.
Terms Used In Oregon Statutes 468.498
- Person: includes individuals, corporations, associations, firms, partnerships, limited liability companies and joint stock companies. See Oregon Statutes 174.100
- 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
(2) Moneys in the Medium and Heavy-Duty Electrification Charging Fund consist of amounts donated to the fund, amounts appropriated or otherwise transferred to the fund by the Legislative Assembly, other amounts deposited to the fund from any public or private source and interest earned by the fund.
(3) Moneys in the Medium and Heavy-Duty Electrification Charging Fund are continuously appropriated to the Department of Environmental Quality for a grant program to support medium and heavy-duty zero emission vehicle charging and fueling infrastructure projects authorized under ORS § 468.035.
(4) Not more than 10 percent of the moneys in the Medium and Heavy-Duty Electrification Charging Fund in each biennium may be expended to pay the department’s expenses, or the expenses of any other person the department hires or with which the department contracts, to administer the grant program. [2022 c.74 § 4]
468.498 was enacted into law by the Legislative Assembly but was not added to or made a part of ORS Chapter 468 or any series therein by legislative action. See Preface to Oregon Revised Statutes for further explanation.
[Formerly 449.850; renumbered 468A.100 in 1991]
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