(1) The Operating Account is established in the General Fund of the State Treasury.

(2) The net amount accruing to the Secretary of State from all fees, charges, interest, fines, penalties and miscellaneous revenues from all sources relating to business registry functions, and moneys received by the Secretary of State under ORS chapters 79 and 194 and ORS § 80.100 to 80.130, 87.246, 87.767 and 87.806 to 87.831 shall, after deduction of refunds, be paid over to the State Treasurer and deposited at least monthly in the Operating Account.

(3) Moneys deposited to the credit of the Operating Account are continuously appropriated to the Secretary of State for the expenses of carrying out the functions and duties of the Secretary of State relating to business registry, and the functions and duties of the Secretary of State under ORS chapters 79 and 194 and ORS § 56.200 to 56.209, 80.100 to 80.130, 87.246, 87.767 and 87.806 to 87.831.

(4) At the end of each month, the Secretary of State shall determine the number of business registry filings during the month for which the Secretary of State collected the fees described in ORS § 56.140 (1) to (4). After deducting and depositing to the Operating Account the expenses of carrying out the functions and duties of the Secretary of State relating to business registry, and an amount necessary to maintain a reasonable reserve, the Secretary of State shall deposit all other moneys from the fees collected during the month under ORS § 56.140 (1) to (4) in the General Fund. Amounts deposited to the General Fund under this subsection are available for general governmental expenses. [1961 c.280 § 10; 1963 c.551 § 16; 1981 c.633 § 1; 1987 c.58 § 12; 1987 c.414 § 140; 1991 c.132 § 1; 1991 c.425 § 9; 1993 c.66 § 7; 1999 c.652 § 4; 2001 c.445 § 160; 2003 c.785 § 7; 2009 c.745 § 13; 2013 c.699 § 6; 2021 c.472 § 1]

[1985 c.383 § 8; repealed by 1987 c.58 § 15 and 1987 c.414 § 172]