(2) The State Treasurer shall invest and reinvest moneys in the Oil Spill Prevention Fund in the manner prescribed by law.
(3) The moneys in the Oil Spill Prevention Fund are appropriated continuously to the Department of Environmental Quality to be used in the manner described in subsection (4) of this section.
(4) The Oil Spill Prevention Fund may be used by the Department of Environmental Quality to:
(a) Pay all costs of the department incurred to:
(A) Review the contingency plans submitted under ORS 468B.360;
(B) Conduct training, response exercises, inspection and tests in order to verify equipment inventories and ability to prevent and respond to oil release emergencies and to undertake other activities intended to verify or establish the preparedness of the state, a municipality or a party required by ORS 468B.345 to 468B.415 to have an approved contingency plan to act in accordance with that plan; and
(C) Verify or establish proof of financial responsibility required by ORS 468B.390.
(b) Review and revise the oil spill response plan required by ORS 468B.495 and 468B.500.
(5) Notwithstanding any contrary provision of subsection (4) of this section, moneys in the Oil Spill Prevention Fund may not be used to pay the costs of the department that may be paid with moneys deposited in the High Hazard Train Route Oil Spill Preparedness Fund established under ORS 468B.435. [1991 c.651 §18; 2019 c.581 §15]