Oregon § 285B.622 Transfer of moneys from Strategic Reserve Fund

Oregon Statutes

§ 285B.622 — Transfer of moneys from Strategic Reserve Fund

Oregon § 285B.622

Vol.7

Title 26AEconomic Development

Ch. 285BEconomic Development II

This text of Oregon § 285B.622 (Transfer of moneys from Strategic Reserve Fund) 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.622 (2026).

Text

(1)The Oregon Business Development Department may transfer moneys credited to the Strategic Reserve Fund created under ORS 285B.266 to the Oregon Business Retention and Expansion Program Fund established under ORS 285B.620, to be used for the purpose of making the loans provided by the agreements entered into under ORS 285B.615, and in accordance with the provisions of ORS 285B.600 to 285B.620.

(2)Unless approved by the Joint Committee on Ways and Means or, if the Legislative Assembly is not in session, the Emergency Board, administrative expenses of the Oregon Business Development Department incurred in connection with the implementation and administration of ORS 285B.600 to 285B.620 may not be paid from funds transferred pursuant to this section. Expenses that are project-related are n

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(1) The Oregon Business Development Department may transfer moneys credited to the Strategic Reserve Fund created under ORS 285B.266 to the Oregon Business Retention and Expansion Program Fund established under ORS 285B.620, to be used for the purpose of making the loans provided by the agreements entered into under ORS 285B.615, and in accordance with the provisions of ORS 285B.600 to 285B.620.
(2) Unless approved by the Joint Committee on Ways and Means or, if the Legislative Assembly is not in session, the Emergency Board, administrative expenses of the Oregon Business Development Department incurred in connection with the implementation and administration of ORS 285B.600 to 285B.620 may not be paid from funds transferred pursuant to this section. Expenses that are project-related are not considered to be administrative expenses of the department.