Oregon Statutes 461.553 – ODAS Economic Development Distributions Fund
(1) The ODAS Economic Development Distributions Fund is established in the State Treasury, separate and distinct from the General Fund. Interest earned on the moneys in the ODAS Economic Development Distributions Fund shall be credited to the fund. The fund consists of lottery bond proceeds appropriated to the Oregon Department of Administrative Services for further distribution to public or private entities that do not receive appropriations directly from the Legislative Assembly and interest credited to the fund.
Terms Used In Oregon Statutes 461.553
- 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 fund are continuously appropriated to the Oregon Department of Administrative Services for the purpose of distributions described in subsection (1) of this section. [2013 c.786 § 23]
461.553 was enacted into law by the Legislative Assembly but was not added to or made a part of ORS Chapter 461 or any series therein by legislative action. See Preface to Oregon Revised Statutes for further explanation.