(1) Revenue from the severance tax imposed in western Oregon under ORS § 321.726 shall be paid over by the Department of Revenue to the State Treasurer and deposited in a suspense account established under ORS § 293.445. After the payment of refunds, the balance of the suspense account shall be transferred to the Western Oregon Timber Severance Tax Fund established under ORS § 321.751.

(2) Revenue from the severance tax imposed in eastern Oregon under ORS § 321.726 shall be paid over by the Department of Revenue to the State Treasurer and deposited in a suspense account established under ORS § 293.445. After the payment of refunds, the balance of the suspense account shall be transferred to the Eastern Oregon Timber Severance Tax Fund established under ORS § 321.754. [2003 c.454 § 12]

[1983 c.745 § 4; 1991 c.459 § 310; 1997 c.541 § 397a; 1997 c.586 § 7; repealed by 2003 c.454 § 81 and 2003 c.621 § 49]

[1961 c.714 § 11; 1963 c.582 § 2; 1965 c.371 § 2; 1971 c.684 § 3; 1977 c.892 § 43; repealed by 1979 c.553 § 11]