Oregon Code § 657.815·Enacted ·Last updated March 01, 2026
Statute Text
Unemployment Compensation Benefit Fund.
(1) There is created, separate and distinct from the
General Fund, the Unemployment Compensation Benefit Fund. Such fund shall
consist of all amounts withdrawn from the Federal Unemployment Trust Fund, upon
requisition of the Director of the Employment Department, except as provided in
ORS 657.812.
(2) This fund
shall be used solely in the payment of benefits under this chapter, exclusive
of administration, and in the payment of unemployment insurance under any
agreement with another governmental agency whereby the latter will reimburse
the fund for such expenditure; provided that such use shall be consistent with
the Federal Unemployment Tax Act.
(3) The
Unemployment Compensation Benefit Fund shall be the sole and exclusive source
for the payment of benefits payable under this chapter. Such benefits shall be
deemed to be due and payable only to the extent that contributions, with
increments thereon, actually collected and credited to the fund are available
therefor.
(4) The
Unemployment Compensation Benefit Fund shall be held and administered by the
State Treasurer in the same manner as provided in ORS 657.830 (1). Interest
earned on the fund shall be credited to the fund. [Amended by 1957 c.609 §2;
1959 c.604 §2; 1995 c.37 §3]