ORS 530.147
Forest Development Revenue Bond Fund


(1)

The Forest Development Revenue Bond Fund is established separate and distinct from the General Fund. Interest earned by the Forest Development Revenue Bond Fund shall be credited to the fund. Moneys in the fund may be invested as provided in ORS 286A.025 (Issuance and sale of bonds) and 293.701 (Definitions for ORS 293.701 to 293.857) to 293.857 (Separate accounts for each local government). All moneys in the fund are continuously appropriated to the State Board of Forestry for the purposes of paying bond-related costs when due on the revenue bonds issued under ORS 530.140 (Forest development revenue bonds) on or after July 28, 2009.

(2)

The Forest Development Revenue Bond Fund may be credited with:

(a)

Moneys deposited in the fund from the State Forestry Department Account, to the extent that the State Forestry Department allocates proceeds from the sale of revenue bonds issued on or after July 28, 2009, under ORS 530.140 (Forest development revenue bonds) to the payment of bond-related costs;

(b)

Proceeds from the disposal of lands acquired with revenue bonds that were issued on or after July 28, 2009, under ORS 530.140 (Forest development revenue bonds);

(c)

Proceeds from the disposal of forest products, as defined in ORS 532.010 (Definitions for ORS 532.010 to 532.140), minerals or other forest-related values derived from the lands acquired with revenue bonds that were issued on or after July 28, 2009, under ORS 530.140 (Forest development revenue bonds); and

(d)

Gifts, grants or any other unrestricted moneys paid to the State Forestry Department or the State Board of Forestry or appropriated by the Legislative Assembly that may be used for the purpose set forth in this section.

(3)

The board or the State Forester may make covenants related to, or pledge moneys deposited in, the fund that the board or forester, after consultation with the State Treasurer, determines to be necessary or desirable for the repayment of revenue bonds and the payment of bond-related costs. [2009 c.831 §4]

Source: Section 530.147 — Forest Development Revenue Bond Fund, https://www.­oregonlegislature.­gov/bills_laws/ors/ors530.­html.

530.005
Definitions for ORS 530.010 to 530.170 and 530.210 to 530.280
530.010
State Board of Forestry authorized to acquire lands
530.020
Title to acquired lands
530.025
Interests in acquired lands
530.030
Conveyance of county lands to state
530.040
Exchange of forestland or timber
530.050
Management of lands acquired
530.053
Holiday recreational use
530.055
Leasing lands acquired
530.059
Procedure for sales of forest products
530.061
Surety deposit required of successful purchaser
530.065
Modifying timber sale contracts
530.075
Validation of state acquisition of county land
530.110
Distribution of revenues from lands acquired under ORS 530.010 to 530.040
530.115
Disposition of certain moneys described in ORS 530.110
530.120
Account of receipts from lands acquired
530.130
Issuance of revenue bonds to acquire lands
530.140
Forest development revenue bonds
530.143
Revenue bond refunding
530.147
Forest Development Revenue Bond Fund
530.170
Disposition of revenues from lands acquired under former statute
530.175
Forest Acquisition County Reimbursement Fund
530.181
State Forest Acquisition Fund
530.210
Definitions for ORS 530.210 to 530.280
530.220
Oregon Forest Rehabilitation Act
530.230
Issuance of general obligation bonds
530.240
Use of proceeds from general obligation bonds
530.250
State Forester to rehabilitate state forestlands
530.255
Hardwood species for reforestation
530.280
State Forestry General Obligation Bond Fund
530.450
Withdrawal from sale of Elliott State Forest
530.460
Lands suited for growing forest products to be designated Common School Forest Lands and withdrawn from sale
530.470
Determination of lands to be designated Common School Forest Lands
530.480
Legal descriptions of lands
530.490
Management, control and protection of Common School Forest Lands and Elliott State Forest
530.500
Authority of State Forester in management, protection, utilization and conservation of lands and waters
530.510
Exchanges of land
530.520
Use of receipts
530.600
Definitions for ORS 530.600 to 530.628
530.602
Findings
530.604
Community forest authorities
530.606
Creation of authority
530.608
Board of directors of authority
530.610
Levy of taxes prohibited
530.612
Powers of authority
530.614
Authorization to issue bonds or other obligations
530.616
Authorization to borrow moneys or to issue, sell and assume bond anticipation notes
530.618
Effect of bonds or other obligations on municipality
530.620
Loan repayment
530.622
Authorities may act jointly
530.624
Assets and income of authority exempt from taxation
530.626
Earnings in excess of amounts required for authority
530.628
Application of laws to authority and to issuance of bonds
530.990
Penalties for forest management violations
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