(1) The Oregon Department of Administrative Services may draw a warrant on the State
Treasury for the sum of $75,000 payable out of the Insurance Fund. The amount drawn shall be credited to a Special Liability Revolving Fund which shall
be carried with the State Treasury, separate and distinct from the General Fund, and
shall be used by the department when it is necessary or desirable to make immediate
payments on liability claims. Interest earned by the fund shall be credited to the fund.
(2) The department shall file at least once each month a verified voucher covering
current disbursements from the Special Liability Revolving Fund. The voucher shall be accompanied by an itemized statement showing the names of the
persons, firms or corporations to whom and the purposes for which the disbursements
(3) Upon receipt of the voucher, the department shall draw a warrant on the State
Treasury in favor of the department payable out of the Insurance Fund. The amount drawn shall be deposited in the Special Liability Revolving Fund and shall
be for a sum sufficient only to replenish the Special Liability Revolving Fund.
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