(2) Moneys in the Early Learning Division Fund consist of:
(a) Amounts donated to the fund;
(b) Moneys transferred to the fund from the federal government, state agencies and local governments;
(c) Amounts appropriated or otherwise transferred to the fund by the Legislative Assembly;
(d) Investment earnings received on moneys in the fund; and
(e) Other amounts deposited in the fund from any source.
(3) Moneys in the fund are continuously appropriated to the Department of Education for the purpose of fulfilling the duties, functions and powers of the Early Learning Division.
(4) The department may establish accounts and subaccounts within the fund when the department determines that accounts or subaccounts are necessary or desirable and may credit any interest or income derived from moneys in the fund to any account or subaccount in the fund. [2012 c.37 §10; 2013 c.624 §19]
Note: The amendments to 326.435 by section 19, chapter 631, Oregon Laws 2021, become operative January 1, 2023. See section 64, chapter 631, Oregon Laws 2021. The text that is operative on and after January 1, 2023, is set forth for the user’s convenience.
(1) The Department of Early Learning and Care Fund is established in the State Treasury, separate and distinct from the General Fund. Interest earned by the Department of Early Learning and Care Fund shall be credited to the fund.
(2) Moneys in the Department of Early Learning and Care Fund consist of:
(a) Amounts donated to the fund;
(b) Moneys transferred to the fund from the federal government, state agencies and local governments;
(c) Amounts appropriated or otherwise transferred to the fund by the Legislative Assembly;
(d) Investment earnings received on moneys in the fund; and
(e) Other amounts deposited in the fund from any source.
(3) Moneys in the fund are continuously appropriated to the Department of Early Learning and Care for the purpose of fulfilling the duties, functions and powers of the Department of Early Learning and Care.
(4) The Department of Early Learning and Care may establish accounts and subaccounts within the fund when the Department of Early Learning and Care determines that accounts or subaccounts are necessary or desirable and may credit any interest or income derived from moneys in the fund to any account or subaccount in the fund.