Use of Countrywide Financial Corporation settlement proceeds
(1) Notwithstanding the purposes set forth in ORS 180.095 (Department of Justice Protection and Education Revolving Account), and except as provided in subsection (2) of this section, the Department of Justice shall use the proceeds of the State of Oregon’s settlement with Countrywide Financial Corporation that are deposited into the Department of Justice Protection and Education Revolving Account to make grants, in consultation with the Housing and Community Services Department, to nonprofit entities to provide foreclosure relief services.
(2) The Department of Justice need not use the proceeds identified in subsection (1) of this section if sufficient funding for the purposes identified in subsection (1) of this section is available from another source. [2009 c.864 §7; 2011 c.9 §10]
Note: 180.096 (Use of Countrywide Financial Corporation settlement proceeds) was enacted into law by the Legislative Assembly but was not added to or made a part of ORS chapter 180 or any series therein by legislative action. See Preface to Oregon Revised Statutes for further explanation.
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