2011 Oregon Revised Statutes
ORS Volume 7, Chapters 261- 304
ORS Chapter 286a
286A.804 Article XI-P Bond Administration Fund; purposes.
(1) The Article XI-P Bond Administration Fund is established in the State Treasury, separate and distinct from the General Fund. Amounts in the Article XI-P Bond Administration Fund may be invested as provided in ORS 293.701 to 293.820, and interest earned on the bond administration fund must be credited to the bond administration fund. Amounts credited to the bond administration fund are continuously appropriated to the Department of Education for payment of bond-related costs. The department shall credit to the bond administration fund:
(a) Proceeds of Article XI-P bonds that were issued to pay bond-related costs;
(b) Amounts appropriated or otherwise provided by the Legislative Assembly for deposit in the bond administration fund; and
(c) Amounts transferred from the School Capital Matching Fund established under ORS 286A.806 as described in section 4, Article XI-P of the Oregon Constitution.
(2) At the request of the department, the State Treasurer may create separate accounts in the bond administration fund as provided in ORS 286A.025 (2)(g). [2011 c.699 5]
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