Oregon Rural Capacity Fund.

Checkout our iOS App for a better way to browser and research.


(2) Moneys in the fund consist of:

(a) Amounts appropriated or otherwise transferred or credited to the fund by the Legislative Assembly;

(b) Moneys from the federal government, state agencies or local governments transferred or otherwise credited to the fund;

(c) Amounts donated or otherwise given to the fund;

(d) Earnings received on moneys in the fund; and

(e) Other amounts from any source transferred or otherwise credited to the fund.

(3)(a) Moneys in the fund are continuously appropriated to the Oregon Business Development Department for the purpose of making the expenditures set forth in this subsection.

(b) The department may retain an amount equal to five percent of moneys appropriated or otherwise transferred or credited to the fund to pay the for the administrative and operational expenses of department under ORS 285B.651 to 285B.676.

(c) The department shall distribute the balance of the moneys in accordance with ORS 285B.655. [2021 c.614 §6]

Note: See note under 285B.651.


Download our app to see the most-to-date content.