(1) Moneys in a fund established by law may not be discretely invested unless the law establishing the fund specifically indicates that the moneys may be invested. A provision in a law establishing a fund that requires interest earned by the fund to be retained by the fund is not, by itself, a specific indication that the moneys in the fund may be discretely invested.
(2) As used in this section, “discretely invested” means invested in something other than the state investment fund established under ORS 293.701 (2)(o). [2007 c.217 §2]
Note: 293.723 was added to and made a part of 293.701 to 793.820 by legislative action but was not added to any smaller series therein. See Preface to Oregon Revised Statutes for further explanation.
Section: Previous 293.713 293.714 293.715 293.716 293.718 293.720 293.721 293.723 293.726 293.731 293.733 293.734 293.735 293.736 293.740 NextLast modified: August 7, 2008