Oregon Code § 470.575·Enacted ·Last updated March 01, 2026
Statute Text
Jobs,
Energy and Schools Fund; sources; uses.
(1) The Jobs, Energy and Schools Fund is established
in the State Treasury, separate and distinct from the General Fund. Interest
earned by the Jobs, Energy and Schools Fund shall be credited to the Jobs,
Energy and Schools Fund. Moneys in the fund are continuously appropriated to
the State Department of Energy for use as provided in this section.
(2) The fund
shall consist of any moneys directed by law, gift, grant or donation to the
fund and moneys from base efficiency package fees collected pursuant to ORS
470.655.
(3) The
department shall use fund moneys:
(a) To promote
energy efficiency, renewable energy and energy conservation projects, including
the clean energy deployment program established in ORS 470.810, that would
otherwise result in a higher overall cost to the applicant when energy costs
and the financing and repayment costs for the project are considered, by using
the fund moneys to help reduce the overall financing costs associated with
related projects; or
(b) To transfer
to an appropriate fund for carrying out any purpose under this chapter
specified as a condition of a gift, grant or donation. [2009 c.753 §16; 2010
c.92 §2; 2011 c.467 §9; 2013 c.656 §18]
Plain English Explanation
This Oregon statute addresses Jobs,
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 470.575
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Jobs,
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