Audits of Public Funds and Financial Records

ORS 297.535
Division of Audits Account

(1)

All moneys received by the Secretary of State under ORS 297.210 (Audits of accounts of state agencies and state-aided institutions and agencies), 297.230 (Estimate and payment of costs and expenses of audits), 297.425 (Annual audits required) and 297.445 (Petition to audit municipal corporation exempt under ORS 297) shall be immediately turned over to the State Treasurer, who shall deposit the moneys in the General Fund to the credit of an account to be known as the Division of Audits Account.

(2)

The moneys received under subsection (1) of this section and deposited in the Division of Audits Account are continuously appropriated to the Secretary of State for use in payment of salaries and other expenses or costs of the Division of Audits.

(3)

The moneys received under ORS 297.545 (Disposition of Municipal Audit Law filing fees) and deposited in the Division of Audits Account are continuously appropriated to the Secretary of State for use in payment of salaries and other expenses or costs incurred by the Division of Audits of the Office of the Secretary of State in connection with the carrying out of the provisions of ORS 297.020 (Functions and duties of Division of Audits), 297.230 (Estimate and payment of costs and expenses of audits), 297.405 (Definitions for ORS 297) to 297.740 (Rules of board) and 297.990 (Penalties).

(4)

The Secretary of State may use moneys in the Division of Audits Account for cash advances for travel expenses necessary in carrying out the provisions of ORS 297.020 (Functions and duties of Division of Audits) to 297.555 (Short title) and 297.990 (Penalties). Any moneys received in reimbursement of these cash advances shall be deposited in the Division of Audits Account.

(5)

The Secretary of State shall keep a record of all moneys deposited in the Division of Audits Account. The record shall indicate by separate cumulative accounts the source from which the moneys are derived and the individual activity or program against which each withdrawal is charged. [Formerly 297.460; 1979 c.286 §10; 1995 c.144 §3; 2001 c.796 §20; 2005 c.755 §14]
Source

Last accessed
Mar. 11, 2023

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