Wage Security Fund
- • use
(1) The Wage Security Fund is established separate and distinct from the General Fund. After deduction of the amounts provided in ORS 657.439 (Wage Security Program funding) (2)(a), all moneys received by the Employment Department pursuant to ORS 657.439 (Wage Security Program funding) (2)(a) shall be paid into the State Treasury and credited to the Wage Security Fund. All income earned on moneys in the Wage Security Fund invested by the State Treasurer shall accrue to the fund.
(2) All income earned on moneys in the Wage Security Fund, and all other moneys in the fund, are appropriated continuously to the Commissioner of the Bureau of Labor and Industries primarily to carry out the provisions of ORS 652.414 (Procedure for payment from fund). Moneys in the fund may also be used, within the division of the Bureau of Labor and Industries that enforces wage and hour laws, to investigate and enforce claims of underpaid and unpaid wages under this chapter and ORS chapter 653. [1985 c.409 §4; 1987 c.412 §3; 1989 c.248 §1; 1989 c.554 §2; 2005 c.183 §9; 2016 c.115 §3]
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