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Current as of January 01, 2023 | Updated by Findlaw Staff
(1) There is created, separate and distinct from the General Fund of the State Treasury, the Oregon Housing Fund, which consists of six separate revolving accounts:
(a) The Housing Development and Guarantee Account;
(b) The Emergency Housing Account;
(c) The Home Ownership Assistance Account;
(d) The Farmworker Housing Development Account;
(e) The General Housing Account; and
(f) The Wildfire Damage Housing Relief Account.
(2) Earnings on investment of moneys in:
(a) The Housing Development and Guarantee Account accrue to that account.
(b) The Emergency Housing Account accrue to that account.
(c) The Home Ownership Assistance Account accrue to that account.
(d) The Farmworker Housing Development Account accrue to that account.
(e) The General Housing Account accrue to that account.
(f) The Wildfire Damage Housing Relief Account accrue to that account.
(3)(a) Moneys in the Housing Development and Guarantee Account are continuously appropriated to the Housing and Community Services Department to carry out the provisions of ORS 458.625 and 458.630.
(b) Moneys in the Emergency Housing Account are continuously appropriated to the department to carry out the provisions of ORS 458.650.
(c) Moneys in the Home Ownership Assistance Account are continuously appropriated to the department to carry out the provisions of ORS 458.655.
(d) Moneys in the Farmworker Housing Development Account are continuously appropriated to the department to carry out the provisions of ORS 458.660.
(e) Moneys in the General Housing Account are continuously appropriated to the department to carry out the provisions of ORS 456.515 to 456.725.
(f) Moneys in the Wildfire Damage Housing Relief Account are continuously appropriated to the department to carry out the provisions of ORS 458.667.
(4) Individuals and corporations, both for profit or nonprofit, may make monetary contributions to be credited to:
(a) The Housing Development and Guarantee Account; or
(b) The General Housing Account.
Cite this article: FindLaw.com - Oregon Revised Statutes Public Health and Safety § 458.620 - last updated January 01, 2023 | https://codes.findlaw.com/or/title-36-public-health-and-safety/or-rev-st-sect-458-620/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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