Section 468.NEW - [Newly enacted section not yet numbered](1) The Charge Ahead Zero-Emission Incentive Fund is established in the State Treasury, separate and distinct from the General Fund. Interest earned by the Charge Ahead Zero-Emission Incentive Fund shall be credited to the fund.(2) Moneys in the Charge Ahead Zero-Emission Incentive Fund shall consist of:(a) Amounts donated to the fund;(b) Amounts appropriated or otherwise transferred to the fund by the Legislative Assembly;(c) Other amounts deposited in the fund from any public or private source; and(d) Interest earned by the fund.(3) The Department of Environmental Quality shall encourage gifts, grants, donations or other contributions to the fund.(4) Moneys in the fund are continuously appropriated to the department to be used to: (a) Provide charge ahead rebates under ORS 468.446; and(b) Pay administrative expenses incurred in the administration of ORS 468.442 to 468.449 by: (B) Any third-party organization that the department hires or contracts with under ORS 468.444 and 468.446.(5) No more than 10 percent of the moneys deposited in the fund per biennium may be expended to pay administrative expenses incurred by the department and any third-party organization.(6) As used in this section, "administrative expenses" does not include expenses incurred by the department or third-party organizations in:(a) Conducting community outreach under ORS 468.446 (14); or(b) Otherwise engaging in efforts to promote transportation electrification through participation in the programs established under ORS 468.444 and 468.446.RAIL
Added by 2024 Ch. 82,§ 13, eff. 6/6/2024.