Mass Transit Districts

ORS 267.394
Investment of certain funds held by TriMet


Notwithstanding any provision of ORS chapter 294 or ORS 295.001 (Definitions for ORS 295.001 to 295.108) to 295.108 (State Treasurer rules), funds held in trust by TriMet, as defined in ORS 197A.500 (Definitions for ORS 197A.500 to 197A.521), for the purpose of paying post-employment benefits other than pensions, and any funds necessary to pay the reasonable expenses of administering the trust, are not surplus funds for purposes of ORS 294.004 (Definitions) and may be invested in accordance with the standard of judgment and care for the investment of investment funds as set forth in ORS 293.726 (Standard of judgment and care in investments). [2019 c.16 §2]

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Last accessed
Jun. 26, 2021