Oregon Code § 274.371·Enacted ·Last updated March 01, 2026
Statute Text
Oregon
Abandoned and Derelict Vessel Fund.
(1) The Oregon Abandoned and Derelict Vessel Fund is established in the State
Treasury, separate and distinct from the General Fund. Interest earned by the
Oregon Abandoned and Derelict Vessel Fund shall be credited to the fund. Moneys
in the fund are continuously appropriated to the Department of State Lands for
the purpose of carrying out the provisions of the Oregon Abandoned and Derelict
Vessel Program.
(2) The
department may accept grants, donations, contributions or gifts from any source
for deposit in the fund.
(3) The fund
shall consist of:
(a) Moneys
received by the department as provided by subsection (2) of this section;
(b) Moneys
appropriated by the Legislative Assembly for deposit in the fund;
(c) Interest
earned on moneys in the fund; and
(d) Other moneys
deposited in the fund from any source. [2023 c.419 §3]
Plain English Explanation
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 274.371
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
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