Section 468B.455 - Oil Spillage Control Fund; source; use(1) There is established an Oil Spillage Control Fund, separate and distinct from the General Fund. This account shall be a revolving fund, the interest of which shall be credited to the Oil Spillage Control Fund.(2) All penalties recovered under ORS 468B.450(1) shall be paid into the Oil Spillage Control Fund. Such moneys are continuously appropriated to the Department of Environmental Quality for: (a) Advancing costs incurred in carrying out cleanup activities;(b) Reviewing contingency plans submitted to the department pursuant to ORS 468B.360;(c) Conducting training, response exercises, inspections and tests in order to verify equipment inventories and ability to prevent and respond to oil release emergencies and undertaking other activities intended to verify or establish the preparedness of the state, a municipality or a party required by ORS 468B.345 to 468B.415 to have an approved contingency plan to act in accordance with that plan;(d) Verifying or establishing proof of financial responsibility required by ORS 468B.390;(e) Reviewing and revising the oil spill response plan required by ORS 468B.495 and 468B.500; and(f) Restoring fish and wildlife production, including habitat restoration, as provided under ORS 468B.060.(3) With the approval of the Environmental Quality Commission, the moneys in the Oil Spillage Control Fund may be invested as provided by ORS 293.701 to 293.857, and earnings from such investment shall be credited to the fund.(4) The Oil Spillage Control Fund shall not be used for any purpose other than that for which the fund was created. Amended by 2015 Ch. 663,§ 2, eff. 10/5/2015.Formerly 468.819; 2007 c. 217, § 5