Oregon Code § 284.749·Enacted ·Last updated March 01, 2026
Statute Text
Oregon
Innovation Bond Administration Fund.
(1) The Oregon Innovation Bond Administration Fund is established in the State
Treasury, separate and distinct from the General Fund. The Oregon Innovation
Bond Administration Fund consists of:
(a) The amount of
revenue bond proceeds remaining after depositing the net proceeds in the Oregon
Innovation Bond Fund pursuant to ORS 284.747;
(b) The proceeds
of revenue bonds issued to pay bond-related costs;
(c) Any funds
appropriated or allocated to the Oregon Innovation Bond Administration Fund;
and
(d) Investment
earnings received on moneys in the Oregon Innovation Bond Administration Fund.
(2) Moneys in the
Oregon Innovation Bond Administration Fund are continuously appropriated to the
Oregon Innovation Council for paying bond-related costs during the term of
revenue bonds issued under ORS 284.746.
(3) The council,
in consultation with the Oregon Business Development Department and the State
Treasurer, may use amounts in the Oregon Innovation Bond Administration Fund to
pay bond-related costs during the term of revenue bonds issued under ORS 284.746.
Amounts in the fund must be disbursed upon the written request of the council
in consultation with the department. [2011 c.610 §15]
Plain English Explanation
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 284.749
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
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