Oregon Statutes 131A.460 – Asset Forfeiture Oversight Account
(1) The Asset Forfeiture Oversight Account is established in the State Treasury, separate and distinct from the General Fund.
Terms Used In Oregon Statutes 131A.460
- Asset forfeiture: A procedure by which a person's property is seized to pay judgments levied by the court.
- Oversight: Committee review of the activities of a Federal agency or program.
- Public body: has the meaning given in ORS § 174. See Oregon Statutes 131A.005
- 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) The following moneys shall be deposited into the State Treasury and credited to the Asset Forfeiture Oversight Account:
(a) Moneys received from a public body under the provisions of ORS § 131A.360 and 131A.365; and
(b) Any other moneys appropriated to the Asset Forfeiture Oversight Account.
(3) The State Treasurer may invest and reinvest moneys in the Asset Forfeiture Oversight Account in the manner provided by law. Interest earned by the account shall be credited to the account.
(4) The moneys in the Asset Forfeiture Oversight Account are continuously appropriated to the Oregon Criminal Justice Commission to be used for the expenses of the Asset Forfeiture Oversight Advisory Committee. [2009 c.78 § 51; 2011 c.504 § 5]