ORS 307.237: Housing Project Revolving Loan Fund.

(1) The Housing Project Revolving Loan Fund is established in the State Treasury, separate and distinct from the General Fund. Interest earned by the Housing Project Revolving Loan Fund shall be credited to the fund. (2) Moneys in the fund may be invested as provided by ORS 293.701 to 293.857, and the earnings from the investments shall be credited to the fund. (3) Moneys in the Housing Project Revolving Loan Fund shall consist of: (a) Amounts appropriated or otherwise transferred or credited to the fund by the Legislative Assembly; (b) Net fee moneys transferred under ORS 307.231; (c) Amounts deposited in the fund under ORS 307.233; (d) Repayment amounts deposited in the fund under ORS 307.223; (e) Interest and other earnings received on moneys in the fund; and (f) Other moneys or proceeds of property from any public or private source that are transferred, donated or otherwise credited to the fund. (4) Moneys in the Housing Project Revolving Loan Fund are continuously appropriated to the Housing and Community Services Department for the purpose of paying amounts determined under ORS 307.221. (5) Moneys in the Housing Project Revolving Loan Fund at the end of a biennium shall be retained in the fund and used for the purposes set forth in subsection (4) of this section. [2024 c.110 §35; 2025 c.530 §22]