Oregon Statutes 458.366 – Manufactured Home Preservation Fund
(1) The Manufactured Home Preservation Fund is established within the State Treasury, separate and distinct from the General Fund. Interest earned by the Manufactured Home Preservation Fund shall be credited to the fund.
Terms Used In Oregon Statutes 458.366
- 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
(2) Moneys in the Manufactured Home Preservation Fund 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:
(a) Carry out the provisions of ORS § 458.356 to 458.362; and
(b) Pay the administrative costs associated with the fund and with implementing and maintaining the programs and advisory committee established under ORS § 458.356 to 458.362. [2019 c.595 § 9]
Sections 46 to 48, chapter 13, Oregon Laws 2023, provide:
Section 47 of this 2023 Act is added to and made a part of ORS Chapter 458. [2023 c.13 § 46]
(1) The Housing and Community Services Department shall provide grants or loans to entities to begin or expand production capacity for the development of modular housing and components to support home builders and developers in meeting housing demand.
(2) The department shall establish the terms for any loans under this section.
(3) Entities receiving loans or grants under this section must agree to terms established by the department requiring that the entities prioritize supplying modular housing components to meet demand from:
(a) First, state and local governments following a wildfire or other disaster;
(b) Second, low income housing construction in this state; and
(c) Third, middle income housing construction in this state.
(4) The department may enter into a contract with a third party to award or administer grants under this section.
(5) Loan proceeds and other moneys recovered under this section shall be paid to the Housing and Community Services Department and deposited with the State Treasury for credit to the General Fund and are available for general governmental expenses. [2023 c.13 § 47; 2023 c.326 § 19]
Section 47 of this 2023 Act is repealed on January 2, 2026. [2023 c.13 § 48]
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