2013 ORS § 351.485¹
Higher education revenue bond account for payment of bond-related costs

(1) An account in the Oregon University System Fund established by ORS 351.506 (Oregon University System Fund) is designated for the purpose of paying bond-related costs under ORS 351.473 (Definitions for ORS 351.473 to 351.485) to 351.485 (Higher education revenue bond account for payment of bond-related costs). Moneys in the account may be invested as provided in ORS 293.701 (Definitions for ORS 293.701 to 293.857) to 293.857 (Separate accounts for each local government), and interest earned by the account must be credited to the account. Moneys in the account are continuously appropriated to the Oregon University System for payment of bond-related costs under ORS 351.473 (Definitions for ORS 351.473 to 351.485) to 351.485 (Higher education revenue bond account for payment of bond-related costs).

(2) The Oregon University System shall deposit in the account:

(a) Proceeds of higher education revenue bonds that were issued to pay bond-related costs; and

(b) Amounts appropriated or otherwise made available by the Legislative Assembly for deposit in the account. [2011 c.637 §28]

Note: See note under 351.473 (Definitions for ORS 351.473 to 351.485).