Oregon Statutes 537.763 – Water Resources Department Operating Fund
(1) There is established in the State Treasury the Water Resources Department Operating Fund to provide for the payment of the administrative expenses of the Water Resources Commission in carrying out the provisions of ORS § 537.762.
Terms Used In Oregon Statutes 537.763
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- 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) The Water Resources Department Operating Fund shall consist of:
(a) Fees received pursuant to ORS § 537.762.
(b) All moneys received on behalf of the fund by gift, grant or appropriation, from whatever source.
(3) The Water Resources Department Operating Fund shall be separate and distinct from the General Fund. All interest earned by the Water Resources Department Operating Fund, if any, shall inure to the benefit of the fund.
(4) In expending moneys in the fund received from fees pursuant to ORS § 537.762, the biennial limitations on expenditures of the Water Resources Department shall be:
(a) No more than five percent for well inspection administrative support;
(b) No more than 20 percent for well inspection technical and information services; and
(c) No less than 75 percent for well inspection field investigation, enforcement and review of well logs. [1989 c.129 § 4; 2003 c.594 § 4; 2021 c.610 § 21]
537.763 was enacted into law by the Legislative Assembly but was not added to or made a part of ORS Chapter 537 or any series therein by legislative action. See Preface to Oregon Revised Statutes for further explanation.