Oregon Revised Statutes Chapter 427 § 427.340 — on January 1, 2020, that are unexpended, unobligated and not subject to
Oregon Revised Statutes Chapter 427 ·
Oregon Code § 427.340·Enacted ·Last updated March 01, 2026
Statute Text
on January 1, 2020, that are unexpended, unobligated and not subject to
any conditions shall be transferred to the Oregon Community Foundation for the
purposes described in ORS 427.335. The foundation shall be advised by and shall
consult with the advisory committee appointed under ORS 427.348 regarding any
expenditures made from the moneys transferred to the foundation under this
section.
(2) The Oregon
Community Foundation shall annually report to the Department of Human Services
the balance remaining of the moneys transferred under subsection (1) of this
section and the uses for expenditures made from the moneys transferred. If the
department finds that any expenditure is not authorized under the requirements
of ORS 427.335, the foundation must pay to the department the amount of the
unauthorized expenditure. The department shall deposit the payment to the
Developmental Disabilities Community Housing Fund. [2019 c.551 §1]
Note:
Plain English Explanation
This Oregon statute addresses on January 1, 2020, that are unexpended, unobligated and not subject to
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 427.340
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses on January 1, 2020, that are unexpended, unobligated and not subject to
. Read the full statute text above for details.
This page reflects the current text as of our last update. Always verify with the official Oregon legislature website for the most current version.
The formal citation is Oregon Code § 427.340. Use this format in legal documents and court filings.
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