(1) There is established in the State Treasury the Water Resources Department Water Right Operating Fund, separate and distinct from the General Fund, to provide for the payment of the program and administrative expenses of the Water Resources Commission and the Water Resources Department in carrying out the provisions of ORS chapters 536, 537, 540 and 541. Interest earned by the fund shall be credited to the fund.

Terms Used In Oregon Statutes 536.009

  • 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
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • 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

(2) The fund shall consist of:

(a) All moneys received under ORS § 536.050 and 537.747.

(b) All moneys received on behalf of the fund by gift, grant or appropriation from whatever source.

(3) All moneys in the fund are continuously appropriated to the Water Resources Department for payment of expenses as described in this section. [1989 c.758 § 3; 1993 c.765 § 106; 1999 c.1026 § 19; 2003 c.594 § 5]

 

536.009 was enacted into law by the Legislative Assembly but was not added to or made a part of ORS Chapter 536 or any series therein by legislative action. See Preface to Oregon Revised Statutes for further explanation.

 

[Amended by 1955 c.707 § 66; 1973 c.792 § 23; repealed by 1975 c.581 § 29]

 

[1975 c.581 § 15; 1981 c.545 § 12; 1983 c.643 § 1; repealed by 1985 c.673 § 185]

 

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