(1) There is established an Oil Spillage Control Fund separate and distinct from the General Fund. This account shall be a revolving fund, the interest of which shall be credited to the Oil Spillage Control Fund.
(2) All penalties recovered under ORS 468B.450 (1) shall be paid into the Oil Spillage Control Fund. Such moneys are continuously appropriated to the Department of Environmental Quality for the advancement of costs incurred in carrying out cleanup activities and for the rehabilitation of affected fish and wildlife as provided under ORS 468B.060.
(3) With the approval of the Environmental Quality Commission, the moneys in the Oil Spillage Control Fund may be invested as provided by ORS 293.701 to 293.820, and earnings from such investment shall be credited to the fund.
(4) The Oil Spillage Control Fund shall not be used for any purpose other than that for which the fund was created. [Formerly 468.819; 2007 c.217 §5]Section: Previous 468B.405 468B.410 468B.412 468B.415 468B.420 468B.425 468B.450 468B.455 468B.460 468B.475 468B.480 468B.485 468B.490 468B.495 468B.500 Next
Last modified: August 7, 2008