ORS 178.225 Oregon Retirement Savings Plan Administrative Fund

The Oregon Retirement Savings Plan Administrative Fund is established in the State Treasury, separate and distinct from the General Fund. Interest earned by the Oregon Retirement Savings Plan Administrative Fund shall be credited to the fund. Moneys in the fund are continuously appropriated to the Oregon Retirement Savings Board.

The Oregon Retirement Savings Plan Administrative Fund consists of:

Moneys appropriated to the fund by the Legislative Assembly;

Moneys transferred to the fund from the federal government, other state agencies or local governments;

Moneys from the payment of fees and the payment of other moneys due the board;

Any gifts or donations made to the State of Oregon for deposit in the fund;

Earnings on moneys in the fund; and

Moneys from civil penalties recovered under ORS 178.990.

The board may use the moneys in the fund to pay the administrative costs and expenses of the board and the plan developed under ORS 178.205 and for any other purpose described in ORS 178.200 to 178.260.