Oregon Fish and Wildlife Hydroelectric Fund
(1) There is created within the State Treasury a revolving fund known as the Oregon Fish and Wildlife Hydroelectric Fund, separate and distinct from the General Fund. The moneys in this fund are continuously appropriated for use by the State Department of Fish and Wildlife in its activities related to hydroelectric projects including payment of necessary administrative expenses.
(2) The fund created by subsection (1) of this section shall consist of all moneys received under sections 4 and 5, chapter 674, Oregon Laws 1985, ORS 496.820 (Permit or license fee) and 496.825 (Application fee) and moneys transferred from the Water Resources Department Hydroelectric Fund as provided in ORS 536.015 (Water Resources Department Hydroelectric Fund).
(3) Moneys in the fund may be invested as provided in ORS 293.701 (Definitions for ORS 293.701 to 293.820) to 293.820 (Separate accounts for each local government). Interest from any source derived from the investment of the moneys of the fund shall be credited to the fund. [1985 c.674 §8; 1991 c.869 §3]
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