Oregon Growth Fund; sources; uses

(1) The Oregon Growth Fund is established in the State Treasury, separate and distinct from the General Fund. Interest earned by the Oregon Growth Fund shall be credited to the fund. (2) Moneys in the Oregon Growth Fund consist of: (a) Amounts donated to the fund; (b) Moneys transferred to the fund from the federal government, state agencies or local governments; (c) Amounts appropriated or otherwise transferred to the fund by the Legislative Assembly; (d) Earnings received on moneys in the fund; and (e) Other amounts deposited in the fund from any source. (3) Moneys in the fund are continuously appropriated to the Oregon Business Development Department for the use of the Oregon Growth Board for the purposes set forth in ORS 284.881 to 284.890. (4) The department may establish accounts and subaccounts within the fund when the department determines that accounts or subaccounts are necessary or desirable and may credit any interest or income derived from moneys in the fund to any account or subaccount in the fund. (5) The department may use moneys in the fund to pay the administrative costs associated with the fund and with administering ORS 284.881 to 284.890.