ORS 284.887
Authority to contract with management companies or state agencies to manage and invest moneys

  • standards and requirements
  • rules

(1)

The Oregon Growth Board may contract with one or more management companies or state agencies to manage and invest the moneys in the Oregon Growth Account established under ORS 348.702 (Oregon Growth Account) and the Oregon Growth Fund established under ORS 284.890 (Oregon Growth Fund). For purposes of this subsection, a contract with a management company or state agency may consist of:

(a)

A partnership agreement under which the Oregon Growth Board is the limited partner and the management company or state agency is the general partner; or

(b)

Another form of payment or profit-sharing arrangement under which the Oregon Growth Board may receive payment or another form of return in exchange for its investment.

(2)

A management company or state agency selected to manage the Oregon Growth Fund or the Oregon Growth Account shall manage the moneys in the fund or account, subject to the policies and procedures and investment directives and strategies of the Oregon Growth Board, with the care, skill and diligence that a prudent investor acting in a similar capacity and familiar with such investments would use in managing and investing a similar fund.

(3)

The Oregon Growth Board by rule may require the management company or state agency to invest in Oregon an amount that is at least equal to the amount of the principal transferred from the Oregon Growth Account or the Oregon Growth Fund to the management company or state agency for investment.

(4)

A contract between the board and a management company to manage the Oregon Growth Account or the Oregon Growth Fund, and the functions performed under the contract, are not subject to the State Personnel Relations Law or ORS 279.835 (Definitions for ORS 279.835 to 279.855) to 279.855 (Entities that may obtain goods and services through Oregon Department of Administrative Services) or ORS chapter 279A or 279B.

(5)

The Oregon Growth Board shall provide to local governments and state agencies any reports on the investment of moneys in the Oregon Growth Account that are necessary to fulfill audit, financial, investment or other reporting requirements to which the Education Stability Fund is subject by law or standard accounting principles. [2012 c.90 §6; 2013 c.732 §12; 2016 c.92 §1]

Source: Section 284.887 — Authority to contract with management companies or state agencies to manage and invest moneys; standards and requirements; rules, https://www.­oregonlegislature.­gov/bills_laws/ors/ors284.­html.

284.101
Definitions for ORS 284.101 to 284.148 284.104
Legislative findings 284.107
Oregon Tourism Commission 284.111
Duties of commission 284.114
Review of marketing plan 284.118
Commission exempt from certain financial administration laws 284.122
Authority of commission 284.126
Budget 284.131
Commission account 284.134
Financial review by Secretary of State 284.138
Matching grant program 284.142
Executive director 284.146
Maintenance of tourist information centers 284.148
Annual report to Legislative Fiscal Officer regarding transient lodging tax funds 284.300
Definitions for ORS 284.300 to 284.375 284.305
Oregon Film and Video Office 284.315
Film and Video Board 284.325
Director 284.335
Duties of director 284.345
Duties of office 284.355
Powers of office 284.365
Deposit of office moneys in depository account 284.367
Oregon Production Investment Fund 284.368
Reimbursement from fund 284.369
Marketing 284.372
Diversity, equity and inclusion policy 284.375
Applicability of other laws 284.545
Legislative findings 284.550
Definition of “traded sector.” 284.555
Economic Revitalization Team 284.560
Duties of team 284.565
Development of process for certifying sites ready for industrial or traded sector development 284.570
Development of state economic development strategy 284.575
Duties of Department of Transportation related to state economic development strategy 284.577
State and local cooperation to provide industrial, commercial and retail development sites 284.580
Role of local governments in implementation of state economic development strategy 284.585
Assistance to local governments 284.590
Legislative findings 284.592
Definitions for ORS 284.590 to 284.597 284.594
Pacific Northwest Manufacturing Partnership Advisory Committee 284.597
Regional collaboration regarding manufacturing economic development 284.701
Definitions for ORS 284.701 to 284.749 284.706
Oregon Innovation Council 284.711
Duty to advise 284.715
State plan for innovation and economic competitiveness 284.720
Oregon Innovation Fund 284.740
Oregon Innovation Council signature research centers 284.742
Grants, loans and equity investments for innovation-based economic development 284.745
Definitions for ORS 284.745 to 284.749 284.746
Revenue bonds for financing innovation-based economic development 284.747
Oregon Innovation Bond Fund 284.748
Oregon Innovation Debt Service Fund 284.749
Oregon Innovation Bond Administration Fund 284.751
Regional collaboration among universities and Oregon Solutions Network 284.752
Definitions for ORS 284.752 to 284.754 284.753
Grant, loan and incentive programs 284.754
Regional Solutions Program 284.771
Definitions 284.776
Eastern Oregon Border Economic Development Board 284.781
Duties, functions and powers 284.783
Agreement with third-party administrator 284.786
Identification of laws that place region’s development efforts at disadvantage 284.791
Grant and loan programs to expand development 284.793
Annual submission of program information by third-party administrator 284.796
Rulemaking 284.797
Residency preference for civil service positions in region 284.801
Eastern Oregon Border Economic Development Board Fund 284.881
Definitions for ORS 284.881 to 284.890 284.882
Legislative intent 284.883
Oregon Growth Board 284.885
Duties, functions and powers 284.887
Authority to contract with management companies or state agencies to manage and invest moneys 284.890
Oregon Growth Fund
Green check means up to date. Up to date

Current through early 2024

§ 284.887’s source at oregon​.gov