ORS 655.540
Disposition and use of assessments

(1)

The assessments paid to the Oregon Department of Administrative Services by the Department of Corrections or the Oregon Youth Authority shall be credited as a component of the Insurance Fund pursuant to ORS 278.425 (Insurance Fund) and 278.435 (Fund to operate on actuarially sound basis).

(2)

Funds credited to the adult in custody injury component of the Insurance Fund for the purposes of ORS 655.505 (Definitions for ORS 655.505 to 655.555) to 655.555 (Rules for administration of fund for injuries of adults in custody) may be used to effect insurance or reinsurance with any authority or instrumentality, public or private, or otherwise to distribute the liability for compensation payable to persons entitled to recover under ORS 655.505 (Definitions for ORS 655.505 to 655.555) to 655.555 (Rules for administration of fund for injuries of adults in custody). [1963 c.527 §§9,11; 1967 c.335 §54; 1967 c.637 §§25,25a; 1989 c.966 §66; 1991 c.566 §11; 2013 c.229 §17; 2019 c.213 §110]

Source: Section 655.540 — Disposition and use of assessments, https://www.­oregonlegislature.­gov/bills_laws/ors/ors655.­html.

Green check means up to date. Up to date

Current through early 2024

§ 655.540’s source at oregon​.gov