Oregon Code § 307.237·Enacted ·Last updated March 01, 2026
Statute Text
Housing Project Revolving Loan Fund.
(1) The Housing Project Revolving Loan Fund is established in the State
Treasury, separate and distinct from the General Fund. Interest earned by the
Housing Project Revolving Loan Fund shall be credited to the fund.
(2) Moneys in the
fund may be invested as provided by ORS 293.701 to 293.857, and the earnings
from the investments shall be credited to the fund.
(3) Moneys in the
Housing Project Revolving Loan Fund shall consist of:
(a) Amounts
appropriated or otherwise transferred or credited to the fund by the
Legislative Assembly;
(b) Net fee
moneys transferred under ORS 307.231;
(c) Amounts
deposited in the fund under ORS 307.233;
(d) Repayment
amounts deposited in the fund under ORS 307.223;
(e) Interest and
other earnings received on moneys in the fund; and
(f) Other moneys
or proceeds of property from any public or private source that are transferred,
donated or otherwise credited to the fund.
(4) Moneys in the
Housing Project Revolving Loan Fund are continuously appropriated to the
Housing and Community Services Department for the purpose of paying amounts
determined under ORS 307.221.
(5) Moneys in the
Housing Project Revolving Loan Fund at the end of a biennium shall be retained
in the fund and used for the purposes set forth in subsection (4) of this
section. [2024 c.110 §35; 2025 c.530 §22]
Note:
See note under 307.213.