Discrete investment of moneys
(1) Moneys in a fund established by law may not be discretely invested unless the law establishing the fund specifically indicates that the moneys may be invested. A provision in a law establishing a fund that requires interest earned by the fund to be retained by the fund is not, by itself, a specific indication that the moneys in the fund may be discretely invested.
(2) As used in this section, “discretely invested” means invested in something other than the Oregon Short Term Fund established under ORS 293.728 (Oregon Short Term Fund). [2007 c.217 §2; 2009 c.541 §13; 2009 c.821 §20]
Note: 293.723 (Discrete investment of moneys) was added to and made a part of 293.701 (Definitions for ORS 293.701 to 293.857) to 293.857 (Separate accounts for each local government) by legislative action but was not added to any smaller series therein. See Preface to Oregon Revised Statutes for further explanation.
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.