2011 Oregon Revised Statutes
ORS Volume 8, Chapters 305 - 325
ORS Chapter 316
316.502 Distribution of revenue to General Fund; working balance; refundable credit payments.
(1) The net revenue from the tax imposed by this chapter, after deducting refunds, shall be paid over to the State Treasurer and held in the General Fund as miscellaneous receipts available generally to meet any expense or obligation of the State of Oregon lawfully incurred.
(2) A working balance of unreceipted revenue from the tax imposed by this chapter may be retained for the payment of refunds, but such working balance shall not at the close of any fiscal year exceed the sum of $1 million.
(3) Moneys are continuously appropriated to the Department of Revenue to make:
(a) The refunds authorized under subsection (2) of this section; and
(b) The refund payments in excess of tax liability authorized under ORS 315.262 and 315.266 and section 17, chapter 906, Oregon Laws 2007. [1969 c.493 70; 1977 c.761 2; 2003 c.473 12; 2005 c.826 4,4a; 2005 c.832 55,60; 2007 c.843 84,85,86,87; 2007 c.868 6,6a,7,7a; 2007 c.906 19,19a,20,20a; 2011 c.83 17]
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