Oregon Statutes 461.520 – Establishment of checking accounts and petty cash fund
(1) The Director of the Oregon State Lottery is authorized to establish in the State Treasury checking accounts as may be required to disburse by check the payment of any disbursement authorized by ORS § 461.510 (2) from the State Lottery Fund as well as any transfer to the State Lottery Fund as may be required.
Terms Used In Oregon Statutes 461.520
- 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) Notwithstanding the provisions of ORS § 461.510 (1), the director is authorized to direct the deposit of any and all moneys payable to the commission to the credit of any checking account in the State Treasury created for processing State Lottery Fund moneys.
(3) The commission is authorized to establish a petty cash fund in an amount not to exceed $1,000 from any funds made available to the commission. The petty cash fund shall operate in accordance with the procedures defined in ORS § 293.180. [1985 c.302 § 7(6)]