All moneys or credits transferred under ORS § 293.210 or 293.214 shall bear interest, until retransferred, at such rate not less than two percent per annum as shall be agreed upon between the State Treasurer and the officer, state department, commission, or board in charge of the borrowing fund. The interest shall be payable from the borrowing fund and shall be credited to and become part of the lending fund. [Formerly 291.408; 2003 c.16 § 4]

Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.