Oregon Statutes 565.539 – Council finances
(1) Moneys received by the State Fair Council must be promptly deposited in accordance with ORS § 295.001 to 295.108 into an account established by the council.
Terms Used In Oregon Statutes 565.539
- 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
(2) The council may invest any moneys the council receives. Except as provided in subsection (3) of this section, investments that the council makes are:
(a) Limited to investments described in ORS § 294.035;
(b) Subject to the investment maturity date limitations described in ORS § 294.135; and
(c) Subject to the conduct prohibitions listed in ORS § 294.145.
(3) In addition to or in lieu of investments described in subsection (2) of this section, the council may invest in the investment pool described in ORS § 294.805. For purposes of ORS § 294.805 to 294.895, the state fair director is a local government official.
(4) Except as provided in this subsection, the state fair director shall provide to each meeting of the council a financial report that includes, but need not be limited to, a summary of account and investment activity, and copies of any account or investment statements received from a bank, investment firm or other source since the previous report was provided. The council may waive the financial report requirement if the council is meeting less than 30 days after a meeting to which the state fair director provided a financial report. [2013 c.492 § 9; 2019 c.587 § 47]
[Repealed by 1983 c.327 § 16]