Oregon Code § 418.345·Enacted ·Last updated March 01, 2026
Statute Text
Adoption Applicable Child Savings Fund.
(1) The Adoption Applicable Child Savings Fund is
established in the State Treasury, separate and distinct from the General Fund.
Interest earned by the Adoption Applicable Child Savings Fund shall be credited
to the fund. Moneys in the Adoption Applicable Child Savings Fund at the end of
a biennium are retained in the Adoption Applicable Child Savings Fund and do
not revert to the General Fund.
(2) Moneys in the
Adoption Applicable Child Savings Fund consist of:
(a) Moneys
received by the Department of Human Services from the General Fund for adoption
assistance payments under ORS 418.330 that have been calculated as General Fund
applicable child savings in accordance with 42 U.S.C. 673(a)(8);
(b) Moneys
donated to the Adoption Applicable Child Savings Fund;
(c) Moneys
appropriated or otherwise transferred to the fund by the Legislative Assembly;
(d) Investment
earnings received on moneys in the fund; and
(e) Other amounts
deposited in the fund from any source.
(3) Moneys in the
Adoption Applicable Child Savings Fund are continuously appropriated to the
Department of Human Services for the purpose of funding child welfare services.
(4) Moneys in the
fund shall be used to supplement existing funds used for child welfare services
and may not be used in lieu of these existing funds.
(5) Moneys in the
fund may be invested and reinvested as provided in ORS 293.701 to 293.857. [2017
c.637 §2]