Oregon Revised Statutes Chapter 311 § 311.701 — to fund the obligations for the following year. The department shall

to fund the obligations for the following year. The department shall assume that the obligations will equal the payments and administrative costs that were made in the highest year over a 10-year look-back period, as adjusted for the current composition of payments and population. (2) Notwithstanding ORS 305.100 (1), any estimate or rule of the department under this section must be based on certain reasonable conditions with respect to the solvency of the account. (3) On or before January 31 of the year for which an estimate is made and at least 14 days after providing notice to the Legislative Revenue Officer of the proposed transfer, the department shall transfer the positive difference between the amount in the account on the date of estimation made in subsection (1) of this section and the estimated obligations under subsection (1) of this section, if any, to the Housing and Community Services Department for deposit into the General Housing Account under ORS 458.620 for use by the department to implement the senior housing development initiative under section 2 of this 2025 Act [456.546]. [2025 c.576 §5] Sec. 6. Section 5 of this 2025 Act becomes operative on January 1, 2027. [2025 c.576 §6] Sec. 7. Section 5 of this 2025 Act is repealed on July 1, 2031. [2025 c.576 §7] DEFERRAL OF SPECIAL ASSESSMENTS FOR LOCAL IMPROVEMENT Note: Section 13, chapter 52, Oregon Laws 2024, provides: Sec. 13. Outstanding balances deferred under repealed sections remain due and payable. Notwithstanding the repeal of ORS 311.702, 311.704, 311.706, 311.708, 311.711, 311.716, 311.718, 311.721, 311.722, 311.723, 311.725, 311.727, 311.729, 311.730, 311.731, 311.732 and