Administration of Public Funds

ORS 293.148
Cap on amount


(1)

If the moneys in the Oregon Rainy Day Fund established by ORS 293.144 (Oregon Rainy Day Fund) just prior to the time of a transfer scheduled under ORS 293.144 (Oregon Rainy Day Fund) (3) or 293.146 (Transfer of moneys to Rainy Day Fund) equal at least 7-1/2 percent of the amount of General Fund revenues collected during the prior biennium, moneys that would otherwise be transferred to the Oregon Rainy Day Fund shall be deposited in the General Fund.

(2)

If the moneys in the Oregon Rainy Day Fund just prior to the time of a transfer scheduled under ORS 293.144 (Oregon Rainy Day Fund) (3) or 293.146 (Transfer of moneys to Rainy Day Fund) do not equal at least 7-1/2 percent of the amount of General Fund revenues collected during the prior biennium, the transfer to the Oregon Rainy Day Fund shall be made regardless of whether that transfer increases the amount in the Oregon Rainy Day Fund to at least 7-1/2 percent of the amount of General Fund revenues collected during the prior biennium. [2007 c.5 §6]
Note: See note under 293.144 (Oregon Rainy Day Fund).
Chapter 293

Atty. Gen. Opinions

Duty or authority of Secretary of State to conduct performance audits, (1985) Vol. 44, p 381


Source

Last accessed
Jun. 26, 2021