(1) The Short Term Borrowing Account is created in the General Fund.
(2) The State Treasurer shall credit the proceeds of bonds issued by the State Treasurer under ORS 286A.045 to the Short Term Borrowing Account. The State Treasurer shall, in addition, transfer to the Short Term Borrowing Account any amounts that are pledged to pay bonds issued by the State Treasurer under ORS 286A.045 and that are required to pay those bonds.
(3) Amounts in the Short Term Borrowing Account are continuously appropriated to the respective state agencies for which the revenues that are pledged to pay the bonds were appropriated, for the purposes described in ORS 286A.045 (3)(c). Amounts appropriated under this subsection may not be taken into account in preparing budget estimates, plans or reports required to be prepared under ORS 291.201 to 291.222. [Formerly 293.175]
Section: Previous 286A.010 286A.014 286A.015 286A.016 286A.025 286A.035 286A.045 286A.050 286A.055 286A.095 286A.100 286A.102 286A.110 286A.120 286A.130 NextLast modified: August 7, 2008