(1) The Eastern Oregon Border Economic Development Board Fund is established in the State Treasury, separate and distinct from the General Fund. Interest earned by the Eastern Oregon Border Economic Development Board Fund shall be credited to the fund. (2) Moneys in the fund are continuously appropriated to the Oregon Business Development Department for distribution to the third-party administrator under ORS 284.783. (3) Moneys in the Eastern Oregon Border Economic Development Board Fund consist of: (a) Moneys returned to the fund upon termination of an agreement pursuant to ORS 284.783 (4)(b); (b) Amounts appropriated or otherwise transferred to the fund by the Legislative Assembly; (c) Amounts donated to the fund; (d) Moneys transferred to the fund from the federal government, state agencies or local governments; (e) Lottery bond proceeds allocated by the Legislative Assembly for deposit in the fund; (f) Earnings received on moneys in the fund; and (g) Other amounts deposited in the fund from any source.
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