State Forestry General Obligation Bond Fund.

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(a) All moneys derived from taxes levied under ORS 291.445;

(b) All moneys derived from the sale, exchange or use of land acquired pursuant to ORS 530.240;

(c) Except as provided in ORS 530.115, all moneys received from the disposal of forest products created through expenditures of moneys available under ORS 530.210 to 530.280 for reforestation; and

(d) Any moneys that may be appropriated to the fund by the Legislative Assembly.

(2) The moneys referred to in subsection (1)(b) and (c) of this section shall be set aside for State Forestry General Obligation Bond Fund purposes until there are no longer any bonds issued under ORS 530.210 to 530.280 outstanding. If no bonds issued under ORS 530.210 to 530.280 are outstanding, the moneys described in subsection (1)(b) and (c) of this section shall be disposed of using the distribution formula described in ORS 530.115 (1)(a) to (c). [Amended by 1955 c.115 §2; 1957 c.83 §21; 1967 c.335 §52; 1969 c.428 §4; 1991 c.220 §14; 1999 c.59 §168; 2009 c.831 §16]


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