(1) The Oregon Innovation Bond Fund is established in the State Treasury, separate and distinct from the General Fund. The net proceeds from the sale of revenue bonds issued under ORS § 284.746 must be credited to the Oregon Innovation Bond Fund. Investment earnings received on moneys in the fund must be credited to the fund.

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Terms Used In Oregon Statutes 284.747

  • 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 fund are continuously appropriated to the Oregon Innovation Council for the purpose of making grants, loans and equity investments under ORS § 284.742. [2011 c.610 § 13; 2019 c.131 § 13]