ORS 285A.709
Transfers to Port Planning and Marketing Fund
(1)
Notwithstanding ORS 285A.708 (Oregon Port Revolving Fund) (1) and 285A.711 (Use of fund proceeds), available moneys in the Oregon Port Revolving Fund that were accrued as net earned income of the fund may be transferred to the Port Planning and Marketing Fund created under ORS 285A.654 (Port Planning and Marketing Fund).(2)
Notwithstanding ORS 285A.654 (Port Planning and Marketing Fund) (1)(b), moneys transferred to the Port Planning and Marketing Fund under this section may be used for payments of grants under ORS 285A.654 (Port Planning and Marketing Fund) to 285A.660 (Funding priorities) to ports formed under ORS 285A.603 (“Port” defined for ORS 285A.603 to 285A.627) to 285A.732 (Short title) or ORS chapter 777 or 778.(3)
In addition to and notwithstanding any other law, an amount not to exceed five percent of the assets of the Oregon Port Revolving Fund as calculated on July 1 of each year shall be transferred to the Port Planning and Marketing Fund under this section. [1987 c.607 §19; 1991 c.539 §2; repealed by 1987 c.607 §20, as amended by 1991 c.539 §3, 1995 c.436 §4 and 1999 c.58 §1; amendments by 2003 c.773 §55 and 2003 c.802 §157 treated as reenactments; 2007 c.804 §31]
Source:
Section 285A.709 — Transfers to Port Planning and Marketing Fund, https://www.oregonlegislature.gov/bills_laws/ors/ors285A.html
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