Oregon Statutes - Chapter 293 - Administration of Public Funds - Section 293.723 - Discrete investment of moneys.

(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  Next

Last modified: August 7, 2008