(1) The Stewardship Agreement Grant Fund is established separate and distinct from the General Fund. The Stewardship Agreement Grant Fund shall consist of all moneys placed in the fund as provided by law. All moneys in the Stewardship Agreement Grant Fund are continuously appropriated to the State Board of Forestry to provide grants to carry out the purposes of stewardship agreements described in ORS § 541.973. Interest accruing to the Stewardship Agreement Grant Fund shall be credited to the fund. Funds appropriated and not expended by the completion of a biennium shall remain in the Stewardship Agreement Grant Fund.

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(2) The State Board of Forestry shall administer the Stewardship Agreement Grant Fund and provide grants from the fund to landowners who have entered into stewardship agreements for the purposes described in ORS § 541.973.

(3) In addition to the funds made available for the purposes of ORS § 541.973, the board also may accept gifts and grants from any public or private source for the purpose of providing the grants described in subsection (2) of this section. [Formerly 541.425]

541.974 and 541.975 were enacted into law by the Legislative Assembly but were not added to or made a part of ORS Chapter 541 or any series therein by legislative action. See Preface to Oregon Revised Statutes for further explanation.