(1) There is created in the General Fund of the State Treasury the Housing and Community Services Department Revolving Account. All moneys deposited in the account are continuously appropriated for the purposes of carrying out the programs which the Housing and Community Services Department is charged with administering subject to limitations otherwise prescribed by law.
(2) The Housing and Community Services Department may transfer to the Housing and Community Services Department Revolving Account amounts not to exceed $250,000 from funds available to the department. Such funds hereby are continuously appropriated for:
(a) The making of advances under ORS 456.559 (1)(c) or 456.710; and
(b) The use by the department in the payment of expenses incurred by the department in carrying out ORS 456.548 to 456.725; however, any such funds expended by the department under this paragraph shall be repaid by the department into the revolving account from the fees and charges collected under ORS 456.625 (3) and from any other moneys available for such repayment in accordance with ORS 456.548 to 456.725. [Formerly 456.610; 1987 c.414 §17; 1991 c.62 §3; 1991 c.739 §12; 1993 c.793 §1; 1995 c.79 §247]
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