Oregon Statutes 178.225 – Oregon Retirement Savings Plan Administrative Fund
(1) The Oregon Retirement Savings Plan Administrative Fund is established in the State Treasury, separate and distinct from the General Fund. Interest earned by the Oregon Retirement Savings Plan Administrative Fund shall be credited to the fund. Moneys in the fund are continuously appropriated to the Oregon Retirement Savings Board.
Terms Used In Oregon Statutes 178.225
- 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 Oregon Retirement Savings Plan Administrative Fund consists of:
(a) Moneys appropriated to the fund by the Legislative Assembly;
(b) Moneys transferred to the fund from the federal government, other state agencies or local governments;
(c) Moneys from the payment of fees and the payment of other moneys due the board;
(d) Any gifts or donations made to the State of Oregon for deposit in the fund;
(e) Earnings on moneys in the fund; and
(f) Moneys from civil penalties recovered under ORS § 178.990.
(3) The board may use the moneys in the fund to pay the administrative costs and expenses of the board and the plan developed under ORS § 178.205 and for any other purpose described in ORS § 178.200 to 178.260. [2015 c.557 § 6; 2019 c.149 § 8]