Chapter 379 Oregon Laws 2001

AN ACT

SB 307

Relating to State Library Donation Fund; amending ORS 357.195; and declaring an emergency.

Be It Enacted by the People of the State of Oregon:

SECTION 1. ORS 357.195 is amended to read:

357.195. (1) The interest, income, dividends or profits received on any property or funds of the State Library derived from gifts, legacies, devises, bequests or endowments shall be deposited with the State Treasurer and are set apart and appropriated to the use, maintenance and support of the State Library, in like manner as the principal or corpus of each such gift or donation is set apart or appropriated. All such gifts or donations shall be placed by the State Treasurer to the credit of a fund, separate and distinct from the General Fund, to be known as the State Library Donation Fund[, and]. The State Treasurer shall credit monthly to [such] the fund any interest or other income derived from the fund or the investing thereof.

(2) The Trustees of the State Library may establish a Talking Book and Braille Library Endowment Fund as a subaccount of the State Library Donation Fund.

(3) Claims against the State Library Donation Fund shall be approved and warrants issued in the manner provided by law.

SECTION 2. This 2001 Act being necessary for the immediate preservation of the public peace, health and safety, an emergency is declared to exist, and this 2001 Act takes effect July 1, 2001.

Approved by the Governor June 15, 2001

Filed in the office of Secretary of State June 15, 2001

Effective date July 1, 2001

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