(1) Unless the Legislative Assembly orders a refund pursuant to subsection (2) of this section, if the Legislative Assembly abolishes a commodity commission, any moneys remaining in the possession of the abolished commission on the effective date of the abolishment are transferred to Oregon State University and are continuously appropriated to the university for research benefitting producers of the commodity that was subject to assessment by the abolished commission.
(2) The Legislative Assembly may order in an Act dissolving a commodity commission that any moneys remaining in the possession of the abolished commission on the effective date of the abolishment be refunded on a proportional basis to the persons who paid assessments to the commodity commission during the assessment year in which the commodity commission was abolished. [2003 c.604 §12]
Section: Previous 576.420 576.425 576.430 576.435 576.440 576.445 576.450 576.455 576.505 576.515 576.525 576.555 576.565 576.570 576.575 NextLast modified: August 7, 2008