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Oregon Revised Statutes Public Health and Safety § 469.961

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

(1) The Alternative Fuel Vehicle Revolving Fund is established in the State Treasury, separate and distinct from the General Fund. Interest earned by the Alternative Fuel Vehicle Revolving Fund shall be credited to the fund. The moneys in the Alternative Fuel Vehicle Revolving Fund are continuously appropriated to the State Department of Energy to be used for the purposes described in ORS 469.962.

(2) The State Treasurer may accept contributions, donations, bequests, gifts or grants from any source, whether public or private. Moneys received under this subsection shall be deposited into the Alternative Fuel Vehicle Revolving Fund.

(3) The Alternative Fuel Vehicle Revolving Fund shall consist of:

(a) Moneys appropriated by the Legislative Assembly;

(b) Any other revenues derived from contributions, donations, bequests, gifts or grants;

(c) Other amounts deposited in the fund from any source;

(d) All repayments of moneys borrowed from the fund; and

(e) All interest payments made by borrowers from the fund.

(4) The State Treasurer may invest and reinvest moneys in the Alternative Fuel Vehicle Revolving Fund in the manner provided by law. All earnings from such investment and reinvestment shall be credited to the Alternative Fuel Vehicle Revolving Fund.

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Cite this article: FindLaw.com - Oregon Revised Statutes Public Health and Safety § 469.961 - last updated January 01, 2023 | https://codes.findlaw.com/or/title-36-public-health-and-safety/or-rev-st-sect-469-961/

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