2015 ORS 294.184¹
County Assessment Function Funding Assistance Account
  • sources
  • purpose

(1) There is created under ORS 293.445 (Definition for ORS 293.445 to 293.460) a suspense account to be known as the County Assessment Function Funding Assistance Account. The account shall consist of:

(a) All moneys paid over by the county treasurers as provided under ORS 294.187 (County Assessment and Taxation Fund) (2)(a); and

(b) All interest earned upon any moneys in the account.

(2) Prior to each quarterly distribution of the moneys in the account under ORS 294.178 (Assessment grant to county), the moneys necessary to pay the following Department of Revenue expenses shall be transferred to a suspense account of the department created under ORS 293.445 (Definition for ORS 293.445 to 293.460) and are continuously appropriated to the department for:

(a) Expenses incurred in carrying out the purposes of ORS 294.175 (Definitions) to 294.184 (County Assessment Function Funding Assistance Account); and

(b) Appraisal expenses incurred by the department in appraising state-appraised industrial properties as defined in ORS 306.126 (Appraisal of industrial property by department) and property of centrally assessed companies under ORS 308.505 (Definitions for ORS 308.505 to 308.681) to 308.681 (Annual report to legislature on ORS 308.677).

(3) The amount of moneys transferred to the suspense account of the department under subsection (2) of this section each quarter may not exceed 10 percent of the moneys in the account.

(4) The remainder of the moneys in the account after the transfer made under subsection (2) of this section shall be used for the purpose of making the grant payments to counties as required under ORS 294.178 (Assessment grant to county) and are continuously appropriated to the department for that purpose. [1989 c.796 §6; 1999 c.701 §2a; 2001 c.303 §13; 2009 c.18 §3; 2011 c.83 §6; 2015 c.36 §3]


1 Legislative Counsel Committee, CHAPTER 294—County and Municipal Financial Administration, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­ors294.­html (2015) (last ac­cessed Jul. 16, 2016).
 
2 OregonLaws.org contains the con­tents of Volume 21 of the ORS, inserted along­side the per­tin­ent statutes. See the preface to the ORS An­no­ta­tions for more information.
 
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.