2007 ORS 293.701¹
Definitions for ORS 293.701 to 293.820

As used in ORS 293.701 (Definitions for ORS 293.701 to 293.820) to 293.820 (Separate accounts for each local government), unless the context requires otherwise:

(1) "Council" means the Oregon Investment Council.

(2) "Investment funds" means:

(a) Public Employees Retirement Fund referred to in ORS 238.660 (Fund generally);

(b) Industrial Accident Fund referred to in ORS 656.632 (Industrial Accident Fund);

(c) Consumer and Business Services Fund referred to in ORS 705.145 (Consumer and Business Services Fund);

(d) Employment Department Special Administrative Fund referred to in ORS 657.822 (Employment Department Special Administrative Fund);

(e) Insurance Fund referred to in ORS 278.425 (Insurance Fund);

(f) Funds under the control and administration of the Department of State Lands;

(g) Oregon Student Assistance Fund referred to in ORS 348.570 (Funds and accounts created);

(h) Moneys made available to the Commission for the Blind under ORS 346.270 (Receipt and expenditure of gifts and bequests) and 346.540 (Duties of commission with respect to operation of vending facilities) or rules adopted thereunder;

(i) Forest rehabilitation bonds sinking fund referred to in ORS 530.280 (Sinking fund account);

(j) Oregon War Veterans’ Fund referred to in ORS 407.495 (Oregon War Veterans' Fund);

(k) Oregon War Veterans’ Bond Sinking Account referred to in ORS 407.515 (Oregon War Veterans' Bond Sinking Account);

(L) World War II Veterans’ Compensation Fund;

(m) World War II Veterans’ Bond Sinking Fund;

(n) Savings and loan association funds in the hands of the Director of the Department of Consumer and Business Services;

(o) Funds in the hands of the State Treasurer that are not required to meet current demands;

(p) State funds that are not subject to the control and administration of officers or bodies specifically designated by law;

(q) Funds derived from the sale of state bonds;

(r) Social Security Revolving Account referred to in ORS 237.490 (Deposit investment and payment of funds);

(s) Investment funds of the State Board of Higher Education lawfully available for investment or reinvestment;

(t) Local Government Employer Benefit Trust Fund referred to in ORS 657.513 (Political subdivision contribution payments from Local Government Employer Benefit Trust Fund);

(u) Elderly and Disabled Special Transportation Fund established by ORS 391.800 (Elderly and Disabled Special Transportation Fund);

(v) Education Stability Fund established by ORS 348.696 (Education Stability Fund);

(w) Deferred Compensation Fund established under ORS 243.411 (Deferred Compensation Fund); and

(x) Trust for Cultural Development Account established under ORS 359.405 (Trust for Cultural Development Account).

(3) "Investment officer" means the State Treasurer in the capacity as investment officer for the council. [1967 c.335 §1; 1967 c.399 §5; 1971 c.408 §1; 1975 c.363 §1a; 1975 c.471 §1a; 1977 c.491 §11; 1977 c.892 §31; 1979 c.814 §3; 1980 c.19 §2; 1981 c.660 §47; 1985 c.565 §48; 1985 c.731 §25; 1985 c.759 §38; 1985 c.816 §14; 1987 c.373 §28; 1987 c.616 §6; 1987 c.652 §17; 1989 c.224 §49; 1989 c.597 §8; 1991 c.459 §378; 1993 c.18 §58; 1993 c.210 §19; 1995 c.12 §3; 1997 c.179 §21; 1999 c.274 §21; 1999 c.1078 §67; 2001 c.922 §14; 2001 c.954 §25; 2002 s.s.3 c.6 §9; 2003 c.67 §35a; 2003 c.625 §30; 2003 c.733 §82]

Atty. Gen. Opinions

Earnings derived from excess fund invest­ment, (1976) Vol 37, p 1309; construing "lawfully available for invest­ment," (1976) Vol 38, p 271; Oregon Invest­ment Council rather than State Board of Higher Educa­tion has primary authority to make invest­ment decisions re­gard­ing higher educa­tion invest­ment funds, (1989) Vol 46, p 143; board and invest­ment council may cooperate in setting invest­ment policy re­gard­ing higher educa­tion funds, (1989) Vol 46, p 143

Atty. Gen. Opinions

Effect of Board of Higher Educa­tion order directing divestiture of stock in companies doing business in Southern Africa, (1978) Vol 38, p 2017; State Treasurer authority to enter into reverse repurchase agree­ments, (1979) Vol 39, p 569; real estate holdings through invest­ment for Oregon Public Employes' Retire­ment Fund, (1981) Vol 41, p 503; Statutory and fiduciary duties of treasurer and Or. Invest­ment Council to PERF, (1993) Vol 46, p 506

Chapter 293

Atty. Gen. Opinions

Duty or authority of Secretary of State to con­duct performance audits, (1985) Vol. 44, p 381

1 Legislative Counsel Committee, CHAPTER 293—Administration of Public Funds, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­293.­html (2007) (last ac­cessed Feb. 12, 2009).
2 Legislative Counsel Committee, Annotations to the Oregon Revised Stat­utes, Cumulative Supplement - 2007, Chapter 293, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­293ano.­htm (2007) (last ac­cessed Feb. 12, 2009).
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.