Oregon § 285B.503 Oregon Unified International Trade Fund; uses

Oregon Statutes

§ 285B.503 — Oregon Unified International Trade Fund; uses

Oregon § 285B.503

Vol.7

Title 26AEconomic Development

Ch. 285BEconomic Development II

This text of Oregon § 285B.503 (Oregon Unified International Trade Fund; uses) is published on Counsel Stack Legal Research, covering Oregon primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Or. Rev. Stat. § 285B.503 (2026).

Text

(1)There is established in the State Treasury, separate and distinct from the General Fund, the Oregon Unified International Trade Fund. Interest earned by the Oregon Unified International Trade Fund shall be credited to the fund. The moneys in the fund are continuously appropriated to the Oregon Business Development Department for the Oregon Infrastructure Finance Authority for:

(a)Paying all or a portion of the costs of:

(A)A project for the extension and improvement of Jackson County Airport runway.

(B)A project for the extension of a natural gas pipeline to the Coos Bay and North Bend area from a location near Roseburg.

(C)A project for improvements to the Klamath Falls International Airport maintained by the City of Klamath Falls.

(b)Transfer to the Oregon Port Revolving Fund cr

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(1) There is established in the State Treasury, separate and distinct from the General Fund, the Oregon Unified International Trade Fund. Interest earned by the Oregon Unified International Trade Fund shall be credited to the fund. The moneys in the fund are continuously appropriated to the Oregon Business Development Department for the Oregon Infrastructure Finance Authority for:
(a) Paying all or a portion of the costs of:
(A) A project for the extension and improvement of Jackson County Airport runway.
(B) A project for the extension of a natural gas pipeline to the Coos Bay and North Bend area from a location near Roseburg.
(C) A project for improvements to the Klamath Falls International Airport maintained by the City of Klamath Falls.
(b) Transfer to the Oregon Port Revolving Fund created by ORS 285A.708.
(2) A separate account within the Oregon Unified International Trade Fund shall be established for each project listed in subsection (1) of this section.
(3) The Oregon Unified International Trade Fund shall consist of moneys allocated to the fund under section 9, chapter 644, Oregon Laws 1997, and such other moneys as may be appropriated to the fund by the Legislative Assembly, including interest on such moneys.