Oregon Statutes 541.576 – Water Conservation, Reuse and Storage Investment Fund
(1) The Water Conservation, Reuse and Storage Investment Fund is established in the State Treasury, separate and distinct from the General Fund. Interest earned by the Water Conservation, Reuse and Storage Investment Fund shall be credited to the General Fund. Moneys in the Water Conservation, Reuse and Storage Investment Fund are continuously appropriated to the Water Resources Department to award grants and to pay the cost of direct services provided under ORS § 541.561.
Terms Used In Oregon Statutes 541.576
- local government: means all cities, counties and local service districts located in this state, and all administrative subdivisions of those cities, counties and local service districts. See Oregon Statutes 174.116
- 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 Water Conservation, Reuse and Storage Investment Fund shall consist of:
(a) Moneys appropriated to the fund by the Legislative Assembly;
(b) Any moneys that may be transferred to the fund by the federal government, a state agency or a local government; and
(c) Grant repayments, if any. [2008 c.13 § 3]
See note under 541.561.
[1987 c.855 § 4; 1989 c.966 § 60; renumbered 196.640 in 1989]
[1987 c.855 § 6; renumbered 196.645 in 1989]