(1) The Oil Spill Prevention Fund is established separate and distinct from the General Fund in the State Treasury. Interest earned on the fund shall be credited to the fund. Moneys received by the Department of Environmental Quality for the purpose of oil and hazardous material spill prevention and the fees collected under ORS 468B.405 shall be paid into the State Treasury and credited to the fund.
(2) The State Treasurer shall invest and reinvest moneys in the Oil Spill Prevention Fund in the manner prescribed by law.
(3) The moneys in the Oil Spill Prevention Fund are appropriated continuously to the Department of Environmental Quality to be used in the manner described in subsection (4) of this section.
(4) The Oil Spill Prevention Fund may be used by the Department of Environmental Quality to:
(a) Pay all costs of the department incurred to:
(A) Review the contingency plans submitted under ORS 468B.360;
(B) Conduct training, response exercises, inspection and tests in order to verify equipment inventories and ability to prevent and respond to oil release emergencies and to undertake other activities intended to verify or establish the preparedness of the state, a municipality or a party required by ORS 468B.345 to 468B.415 to have an approved contingency plan to act in accordance with that plan; and
(C) Verify or establish proof of financial responsibility required by ORS 468B.390.
(b) Review and revise the oil spill response plan required by ORS 468B.495 and 468B.500. [1991 c.651 §18]Section: Previous 468B.375 468B.380 468B.385 468B.390 468B.395 468B.400 468B.405 468B.410 468B.412 468B.415 468B.420 468B.425 468B.450 468B.455 468B.460 Next
Last modified: August 7, 2008