(1) There is established in the State Treasury, separate and distinct from the General Fund, the Historic Preservation Revolving Loan Fund. Moneys in the Historic Preservation Revolving Loan Fund are continuously appropriated to the State Historic Preservation Officer for the following purposes:

(a) To provide loans to owners of historic property, as described in ORS § 358.662 to 358.678.

(b) To pay for administrative expenses of the State Historic Preservation Officer in:

(A) Processing applications for loans made under ORS § 358.662 to 358.678;

(B) Investigating historic property rehabilitation projects funded by loans made under ORS § 358.662 to 358.678; and

(C) Collecting loans made under ORS § 358.662 to 358.678.

(c) To pay expenses incurred by the Attorney General in the exercise of the Attorney General’s enforcement authority described in ORS § 358.955 or in the Attorney General’s criminal prosecution of violations of ORS § 358.905 to 358.961 or ORS Chapter 97 or 390.

(d) To promote public education regarding cultural preservation.

(2) The Historic Preservation Revolving Loan Fund shall consist of:

(a) Moneys appropriated to the fund by the Legislative Assembly;

(b) Repayment of moneys loaned from the fund;

(c) Moneys transferred to the fund from the federal government or from private contributions;

(d) Application fees required under ORS § 358.668;

(e) Interest and other earnings on moneys in the fund;

(f) Moneys recovered by the Attorney General in the exercise of the Attorney General’s enforcement authority described in ORS § 358.955; and

(g) Gifts, grants or donations received from any source.

(3) The State Historic Preservation Officer may seek or accept gifts, grants or donations from any source for the purposes specified in subsection (1)(c) and (d) of this section. Moneys received under this subsection shall be paid into the fund established in subsection (1) of this section. [2001 c.540 § 30; 2009 c.89 § 1]