Oregon Code § 407.565·Enacted ·Last updated March 01, 2026
Statute Text
Revolving account.
The Oregon Department of Administrative Services is authorized to draw a
warrant on the Oregon War Veterans Fund in favor of the Department of Veterans
Affairs in a sum not to exceed $2 million, which sum shall constitute an
advance to be used in anticipation of the verified vouchers supplied in
accordance with this section; and may be used only as a revolving account,
separate and distinct from the General Fund, to be maintained with the State
Treasurer, for receipt and disbursement of moneys received under authority of
ORS 407.165 and for payment of general operating expenses. All reimbursement
vouchers for claims paid from the revolving account shall be verified by the
Department of Veterans Affairs and presented to the Oregon Department of
Administrative Services for payment. The warrants issued by the Oregon
Department of Administrative Services shall be drawn in favor of the Department
of Veterans Affairs and shall be used to reimburse the revolving account. [Formerly
407.200; 1989 c.966 §45; 2005 c.625 §53]
Plain English Explanation
This Oregon statute addresses Revolving account. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 407.565
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Revolving account. Read the full statute text above for details.
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