ORS 466.447 Polychlorinated Biphenyls Remediation and Restitution Account

The Polychlorinated Biphenyls Remediation and Restitution Account is established in the State Treasury, separate and distinct from the General Fund. Interest earned by the account shall be credited to the account.

The Polychlorinated Biphenyls Remediation and Restitution Account consists of:

Proceeds of the Monsanto Settlement Agreement deposited into the account; and

Other amounts deposited in the account from any other source.

Moneys in the Polychlorinated Biphenyls Remediation and Restitution Account are continuously appropriated to the Oregon Department of Administrative Services to be distributed by the department as directed by the Legislative Assembly. The department shall keep a record of moneys transferred into and out of the account.

It is the intent of the Legislative Assembly to allocate moneys from the Polychlorinated Biphenyls Remediation and Restitution Account for environmental remediation or restitutionary projects or purposes having a nexus with environmental harms to air, water, soil or other natural resources, including but not limited to:

Restoring, maintaining and enhancing the quality of Oregon’s air, land, water and other natural resources;

Brownfields remediation or development;

Environmental or natural resource damage assessment or restoration;

Improvements to air or water quality;

Cleanup of contaminated sites;

Remediation of impaired water bodies, sediments or soil;

Restoration or protection of wildlife or wildlife habitats, including fish, aquatic life, marine mammal or bird habitats; or

Other similar air, water, soil or other natural resource environmental remediation or restitutionary projects.