Oregon Statutes - Chapter 652 - Hours; Wages; Wage Claims; Records - Section 652.409 - Wage Security Fund; use.

(1) The Wage Security Fund is established separate and distinct from the General Fund. After deduction of the amounts provided in ORS 657.439 (2)(a), all moneys received by the Employment Department pursuant to ORS 657.439 (2)(a) shall be paid into the State Treasury and credited to the Wage Security Fund. All income earned on moneys in the Wage Security Fund invested by the State Treasurer shall accrue to the fund.

(2) All income earned on moneys in the Wage Security Fund, and all other moneys in the fund, are appropriated continuously to the Commissioner of the Bureau of Labor and Industries to carry out the provisions of ORS 652.414. [1985 c.409 §4; 1987 c.412 §3; 1989 c.248 §1; 1989 c.554 §2; 2005 c.183 §9]

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Last modified: August 7, 2008