ORS 674.340
Board funds

  • Federal Registry Fund

(1)

All moneys, fees and charges collected or received by the Appraiser Certification and Licensure Board pursuant to ORS 674.250 (Fees) and 674.330 (Fees) shall be paid into the account created by the board under ORS 182.470 (Accounts for and investment of moneys collected or received by semi-independent state agencies). All moneys in the account are appropriated continuously to the board to carry out the duties that the board is charged with administering.

(2)

The Federal Registry Fund is established in the account created by the board under ORS 182.470 (Accounts for and investment of moneys collected or received by semi-independent state agencies). Proceeds received under ORS 674.250 (Fees) (1) and 674.330 (Fees) (1) shall be deposited in the Federal Registry Fund for the sole purpose of remitting the funds to the Federal Financial Institutions Examination Council in accordance with the federal Act. [1991 c.5 §11; 1993 c.744 §222; 2001 c.521 §13; 2005 c.109 §6; 2021 c.313 §7]

Source: Section 674.340 — Board funds; Federal Registry Fund, https://www.­oregonlegislature.­gov/bills_laws/ors/ors674.­html.

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