Oregon Code § 696.495·Enacted ·Last updated March 01, 2026
Statute Text
Revolving fund; amount; use; procedure for repayment.
(1) Upon written request by the
Real Estate Agency, the Oregon Department of Administrative Services shall draw
a warrant on the Real Estate Account, established by ORS 696.490, for use as a
revolving fund. Warrants drawn to establish or increase the revolving fund,
rather than to reimburse the revolving fund, may not exceed the aggregate sum
of $1,500. The State Treasurer shall hold the revolving fund in a special
account against which the Real Estate Agency may draw checks.
(2) The Real
Estate Agency may use the revolving fund for the purpose of paying witness fees
and other administrative expenses.
(3) All claims
for reimbursement of moneys paid from the revolving fund are subject to
approval by the Director of the Oregon Department of Administrative Services
and by the Real Estate Commissioner. When such claims have been approved, a
warrant covering them shall be drawn in favor of the Real Estate Agency and
used to reimburse the revolving fund. Such warrants shall be charged against
the Real Estate Account established by ORS 696.490. [1974 c.26 §3; 1977 c.41 §3]
Plain English Explanation
This Oregon statute addresses Revolving fund; amount; use; procedure for repayment. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 696.495
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
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