(1) Subject to other applicable laws and agreements entered into with bondholders, amounts received by, or appropriated to, the Housing and Community Services Department may be applied to funds and accounts as the Director of the Housing and Community Services Department determines necessary or appropriate for the payment of expenses of programs administered by the department and to provide reserves against losses and security for bonds. All amounts deposited in the funds or accounts administered by the department under ORS § 456.515 to 456.725 and ORS Chapter 458, are continuously appropriated for the purposes of ORS § 456.515 to 456.725 and ORS Chapter 458.

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(2) The Housing and Community Services Department may establish and maintain a petty cash fund, in an amount not to exceed $300, for the purpose of paying minor incidental expenses in the administration of the department. [1979 c.327 § 25; subsection (2) enacted as 1993 c.512 § 7; 1995 c.79 § 248; 2001 c.738 § 5]