1. (1) The Article XI-F(1) Bond Administration Fund is established in the State Treasury, separate and distinct from the General Fund, or with a third party under contract with the Oregon Department of Administrative Services and approved by the State Treasurer. Moneys in the Article XI-F(1) Bond Administration Fund may be invested as provided in ORS 286A.025 and 293.701 to 293.857, and interest earned on the fund must be credited to the fund. Moneys credited to the Article XI-F(1) Bond Administration Fund are continuously appropriated to the department for payment of bond-related costs. The department shall credit to the fund:

   1. (a) Proceeds of Article XI-F(1) bonds that were issued to pay bond-related costs; and
   2. (b) Moneys appropriated or otherwise provided by the Legislative Assembly for deposit in the fund.
2. (2) At the request of the department, the State Treasurer may create or cause to be created separate accounts in the Article XI-F(1) Bond Administration Fund.

[2015 c.828 §6]