Oregon Statutes 286A.804 – Article XI-P Bond Administration Fund; purposes
(1) The Article XI-P Bond Administration Fund is established in the State Treasury, separate and distinct from the General Fund. Amounts in the Article XI-P Bond Administration Fund may be invested as provided in ORS § 293.701 to 293.857, and interest earned on the bond administration fund must be credited to the bond administration fund. Amounts credited to the bond administration fund are continuously appropriated to the Oregon Department of Administrative Services for payment of bond-related costs. The department shall credit to the bond administration fund:
Terms Used In Oregon Statutes 286A.804
- 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
(a) Proceeds of Article XI-P bonds that were issued to pay bond-related costs;
(b) Amounts appropriated or otherwise provided by the Legislative Assembly for deposit in the bond administration fund; and
(c) Amounts transferred from the School Capital Matching Fund established under ORS § 286A.806 as described in section 4, Article XI-P of the Oregon Constitution.
(2) At the request of the department, the State Treasurer may create separate accounts in the bond administration fund as provided in ORS § 286A.025 (2)(g). [2011 c.699 § 5; 2017 c.9 § 7]