Oregon Ocean Science Fund
- • sources
- • uses
(1) The Oregon Ocean Science Fund is established in the State Treasury, separate and distinct from the General Fund. Interest earned by the Oregon Ocean Science Fund shall be credited to the fund. Moneys in the fund are continuously appropriated to the Oregon Ocean Science Trust for the purpose of carrying out the provisions of ORS 196.565 (Oregon Ocean Science Trust), 196.566 (Trust duties), 196.568 (Reimbursement from fund) and 196.569 (Report).
(2) The trust may accept grants, donations, contributions or gifts from any source for deposit in the fund.
(3) The fund shall consist of:
(a) Moneys accepted by the trust pursuant to subsection (2) of this section;
(b) Moneys appropriated by the Legislative Assembly;
(c) Interest earned on moneys in the fund;
(d) Any moneys described in subsection (4) of this section; and
(e) Other moneys deposited in the fund from any source.
(4) Subject to and consistent with federal law, any moneys received by the State of Oregon from the federal government that constitute the state’s distributive share of the amounts collected under the Outer Continental Shelf Lands Act, 43 U.S.C. 1331 et seq., shall be deposited in the fund.
(5) Of the moneys in the fund that are derived from the state’s distributive share of the amounts collected under the Outer Continental Shelf Lands Act, 43 U.S.C. 1331 et seq., the coastal county adjacent to the lands containing tracts for which the moneys are received by the state shall receive 30 percent of the distributive share received by the state for those lands. Where the lands containing tracts for which moneys are received are located adjacent to more than one county of this state, each county adjacent to the lands shall receive a portion of the 30 percent allocation that is proportionate to the area of the lands that are adjacent to the county. [2013 c.776 §3; 2019 c.94 §2]
Note: See note under 196.565 (Oregon Ocean Science Trust).
3 OregonLaws.org assembles these lists by analyzing references between Sections. Each listed item refers back to the current Section in its own text. The result reveals relationships in the code that may not have otherwise been apparent. Currency Information