(1) There is created within the State Treasury, separate and distinct from the General Fund, the Housing Choice Landlord Guarantee Program Fund. Interest earned by the Housing Choice Landlord Guarantee Program Fund shall be credited to the fund. (2) Moneys in the Housing Choice Landlord Guarantee Program Fund shall consist of: (a) Amounts donated to the fund; (b) Amounts appropriated or otherwise transferred to the fund by the Legislative Assembly; (c) Investment earnings received on moneys in the fund; and (d) Other amounts deposited in the fund from any source. (3) Moneys in the fund are continuously appropriated to the Housing and Community Services Department to carry out the provisions of ORS 456.375 to 456.390. (4) The department may use moneys in the fund to pay the administrative costs associated with the fund and with processing applications, making payments to landlords and administering repayment agreements under ORS 456.375 to 456.390.
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