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Oregon Revised Statutes Title 26A. Economic Development § 285A.435

Current as of January 01, 2023 | Updated by Findlaw Staff

(1) There is created the Beginning and Expanding Farmer Loan Program Fund, separate and distinct from the General Fund. Interest earned by the Beginning and Expanding Farmer Loan Program Fund shall be credited to the fund. All moneys credited to the fund are continuously appropriated to the Oregon Business Development Department for the purpose of implementing and operating the Beginning and Expanding Farmer Loan Program under ORS 285A.420 to 285A.435.

(2) The fund shall consist of all moneys credited to the fund, including:

(a) Moneys appropriated to the fund by the Legislative Assembly or transferred to the fund by the Oregon Business Development Department;

(b) Earnings on moneys in the fund;

(c) Fees paid to the department by beginning farmers and lenders; and

(d) Moneys from any other source, including but not limited to grants and gifts.

(3) Moneys in the fund may be invested as provided by ORS 293.701 to 293.857 and the earnings from investments shall be credited to the fund.

(4) The department may establish accounts within the fund to carry out ORS 285A.420 to 285A.435.

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Cite this article: FindLaw.com - Oregon Revised Statutes Title 26A. Economic Development § 285A.435 - last updated January 01, 2023 | https://codes.findlaw.com/or/title-26a-economic-development/or-rev-st-sect-285a-435/

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