Oregon Statutes 285B.763 – Economic Equity Investment Fund
(1) There is established in the State Treasury, separate and distinct from the General Fund, the Economic Equity Investment Fund. Interest earned by the Economic Equity Investment Fund shall be credited to the fund.
Terms Used In Oregon Statutes 285B.763
- Bequest: Property gifted by will.
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- 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) All moneys in the fund are continuously appropriated to the Oregon Business Development Department for the purposes of developing and implementing the Economic Equity Investment Program under ORS § 285B.760 to 285B.763.
(3) Moneys in the fund shall consist of:
(a) Moneys appropriated to the fund by the Legislative Assembly;
(b) Moneys otherwise transferred to the fund by the Legislative Assembly or the Oregon Business Development Department;
(c) Interest earned upon moneys in the fund; and
(d) Other moneys or property transferred to the fund from any public or private source.
(4) The department may accept for deposit in the fund any grant, donation, gift or bequest of moneys or property from any public or private source. [2022 c.103 § 4]
See note under 285B.760.
DISADVANTAGED AND EMERGING SMALL BUSINESS LOAN PROGRAM