Oregon Revised Statutes Chapter 450 § 450.285 — State
Oregon Revised Statutes Chapter 450 ·
Oregon Code § 450.285·Enacted ·Last updated March 01, 2026
Statute Text
State
Sanitary District Sewer Bond Fund.
(1) The State Sanitary District Sewer Bond Fund is established separate and
distinct from the General Fund. Moneys in the State Sanitary District Sewer
Bond Fund are continuously appropriated to the State Treasurer for investment
under authority of ORS 450.250 to 450.300, and for payment of costs of the
State Treasurer in connection with the investment.
(2) The earnings
of the fund established under this section shall accrue to the General Fund,
and the amounts received in payment of the principal of investments of the fund
established under this section shall be credited to the General Fund, to be
available for the payment of general governmental expenses.
(3) The State
Treasurer may engage such assistance and incur such expenses to carry out the
purposes of ORS 450.250 to 450.300 as may be necessary. [1955 c.577 §8; 1957
c.702 §1; 1957 s.s. c.14 §1; 1963 c.341 §4; 2005 c.755 §39]
Plain English Explanation
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 450.285
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
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