Oregon Statutes 286A.842 – Article XI-F(1) Bond Administration Fund; purposes
(1) The Article XI-F(1) Bond Administration Fund is established in the State Treasury, separate and distinct from the General Fund, or with a third party under contract with the Oregon Department of Administrative Services and approved by the State Treasurer. Moneys in the Article XI-F(1) Bond Administration Fund may be invested as provided in ORS § 286A.025 and 293.701 to 293.857, and interest earned on the fund must be credited to the fund. Moneys credited to the Article XI-F(1) Bond Administration Fund are continuously appropriated to the department for payment of bond-related costs. The department shall credit to the fund:
Terms Used In Oregon Statutes 286A.842
- Contract: A legal written agreement that becomes binding when signed.
- 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-F(1) bonds that were issued to pay bond-related costs; and
(b) Moneys appropriated or otherwise provided by the Legislative Assembly for deposit in the fund.
(2) At the request of the department, the State Treasurer may create or cause to be created separate accounts in the Article XI-F(1) Bond Administration Fund. [2015 c.828 § 6]