ORS 566.340
Administration of trust assets

Notwithstanding any other provisions of law, the funds and proceeds of the trust assets that are not authorized to be administered by the Secretary of Agriculture of the United States under the provisions of ORS 566.330 (Authority to enter into agreements with Secretary of Agriculture to administer trust assets) shall be received by the Department of State Lands and by it deposited in the State Treasury in an account, separate and distinct from the General Fund. Interest earned by the account shall be credited to the account. Moneys in the account are continuously appropriated to the Housing and Community Services Department and may be expended or obligated by the Housing and Community Services Department for the purposes of ORS 566.330 (Authority to enter into agreements with Secretary of Agriculture to administer trust assets) or for agriculture workforce housing permissible under the charter of the now dissolved Oregon Rural Rehabilitation Corporation. [Formerly 414.070 and then 414.840; 1989 c.966 §63; 1995 c.152 §3; 2003 c.253 §26; 2005 c.755 §47; 2013 c.750 §30]

Source: Section 566.340 — Administration of trust assets, https://www.­oregonlegislature.­gov/bills_laws/ors/ors566.­html.

Green check means up to date. Up to date

Current through early 2024

§ 566.340’s source at oregon​.gov