Oregon Statutes 420A.035 – Authorization to deposit money belonging to adjudicated youths and youth in authority custody in trust account
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The Oregon Youth Authority may deposit money belonging to adjudicated youths or others in youth authority custody in a trust account in the State Treasury separate and distinct from the General Fund. Interest earned by the account, if any, shall accrue to the benefit of the account. [1995 c.422 § 12a; 2013 c.229 § 11; 2021 c.489 § 141]
Terms Used In Oregon Statutes 420A.035
- State Treasury: includes those financial assets the lawful custody of which are vested in the State Treasurer and the office of the State Treasurer relating to the custody of those financial assets. See Oregon Statutes 174.100
- Trust account: A general term that covers all types of accounts in a trust department, such as estates, guardianships, and agencies. Source: OCC