Oregon Statutes 456.609 – Rent Guarantee Program Fund
(1) The Rent Guarantee Program Fund is established within the State Treasury, separate and distinct from the General Fund. Interest earned by the Rent Guarantee Program Fund shall be credited to the fund.
Terms Used In Oregon Statutes 456.609
- 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) Moneys in the Rent Guarantee Program Fund shall consist of:
(a) Amounts donated to the fund;
(b) Amounts appropriated or otherwise transferred to the fund by the Legislative Assembly;
(c) Amounts received from state or federal sources to be deposited into the fund;
(d) Income derived from moneys in the fund; and
(e) Other amounts deposited in the fund from any source.
(3) Moneys in the fund are continuously appropriated to the Housing and Community Services Department to carry out the provisions of ORS § 456.608.
(4) The department may use moneys in the fund to pay the administrative costs associated with the fund and with implementing and maintaining the Rent Guarantee Program under ORS § 456.608. [2017 c.659 § 3]
See note under 456.607.
[1971 c.505 § 10; 1973 c.828 § 28; 1979 c.327 § 3; renumbered 456.574]
(Financing of Low-Income Housing)