ORS 470.570
Energy Project Supplemental Fund
- sources
- uses
(1)
The Energy Project Supplemental Fund is established in the State Treasury, separate and distinct from the General Fund. Interest earned by the Energy Project Supplemental Fund shall be credited to the Energy Project Supplemental Fund.(2)
The Energy Project Supplemental Fund shall consist of any moneys received for purposes of the energy efficiency and sustainable technology loan program or for small scale local energy program loans other than moneys deposited to:(a)
The Small Scale Local Energy Project Loan Fund.(b)
The Small Scale Local Energy Project Administration and Bond Sinking Fund.(c)
The Energy Project Bond Loan Fund.(d)
The Jobs, Energy and Schools Fund, except that Jobs, Energy and Schools Fund moneys used to offset the energy efficiency and sustainable technology loan or small scale local energy program loan repayment obligation of a borrower shall be deposited to the Energy Project Supplemental Fund.(e)
The Energy Revenue Bond Repayment Fund.(3)
Moneys in the Energy Project Supplemental Fund are continuously appropriated to the State Department of Energy for the following purposes:(a)
To provide funding, separately or in conjunction with moneys from the Small Scale Local Energy Project Loan Fund and the Energy Project Bond Loan Fund, for energy efficiency and sustainable technology loans and small scale local energy program loans;(b)
For transfer to the Energy Revenue Bond Repayment Fund, to the extent that moneys available in the Energy Project Bond Loan Fund are insufficient to provide the amount determined prudent by the Director of the State Department of Energy under ORS 470.610 (Issuance of bonds) (2); and(c)
To pay costs incurred by the State Department of Energy or the director in implementing or administering loan programs for small scale local energy projects.(4)
The State Treasurer may establish any subaccounts in the Energy Project Supplemental Fund that the treasurer or the director considers reasonable for the efficient administration of the fund. [2009 c.753 §15; 2011 c.467 §12]
Source:
Section 470.570 — Energy Project Supplemental Fund; sources; uses, https://www.oregonlegislature.gov/bills_laws/ors/ors470.html.
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