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Oregon Revised Statutes Public Financial Administration § 293.146

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

(1) As used in this section:

(a) “Ending balance” means the difference between the amount of General Fund revenues collected during a biennium and the amount of General Fund appropriations for the biennium.

(b) “General Fund appropriations” means the amount of moneys appropriated from the General Fund for a biennium in the legislatively approved budget for the biennium, minus the amount of any General Fund appropriation balances for that biennium that revert to the General Fund under ORS 293.190.

(c) “Legislatively approved budget” has the meaning given that term in ORS 291.002.

(2) Except as provided in ORS 293.148, as soon as possible after the ending balance for a biennium is determined, an amount equal to one percent of the amount of General Fund appropriations for that biennium shall be transferred to the Oregon Rainy Day Fund established by ORS 293.144. If the ending balance does not equal or exceed one percent of the amount of General Fund appropriations, an amount equal to the ending balance shall be transferred to the Oregon Rainy Day Fund.

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Cite this article: FindLaw.com - Oregon Revised Statutes Public Financial Administration § 293.146 - last updated January 01, 2023 | https://codes.findlaw.com/or/title-28-public-financial-administration/or-rev-st-sect-293-146/

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