Oregon Statutes 350.525 – No obligation to fund subaccount
Current as of: 2023 | Check for updates
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ORS § 350.500 to 350.530 do not establish any obligation or expectation for the appropriation of General Fund moneys to the subaccount described in ORS § 350.520 or any obligation or expectation that moneys from forest products harvest taxes will be increased or reallocated for deposit to the subaccount described in ORS § 350.520. [Formerly 351.682]
Terms Used In Oregon Statutes 350.525
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
350.525 was enacted into law by the Legislative Assembly but was not added to or made a part of ORS Chapter 350 or any series therein by legislative action. See Preface to Oregon Revised Statutes for further explanation.