Section 469B.466 - Heat Pump Deployment Fund; biennial reports(1) The Heat Pump Deployment Fund is established in the State Treasury, separate and distinct from the General Fund. Interest earned by the Heat Pump Deployment Fund shall be credited to the fund. The fund consists of: (a) Moneys appropriated or otherwise transferred to the fund by the Legislative Assembly;(b) Moneys received from federal, state or local sources;(c) Gifts, grants or other moneys contributed to the fund; and(d) Other amounts deposited in the fund from any source.(2) Moneys in the fund are continuously appropriated to the State Department of Energy for the purpose of the Heat Pump Deployment Program established under ORS 469B.460.(3) The department may use reasonable amounts from the fund, but no more than 15 percent of the fund, necessary to: (a) Administer and market the Heat Pump Deployment Program; and(b) Provide for the compensation and expenses of members of the Heat Pump Deployment Advisory Council established under ORS 469B.463.(4) The Director of the State Department of Energy shall submit a biennial report to the Legislative Assembly in the manner provided by ORS 293.640 regarding the expenditures of moneys deposited in the Heat Pump Deployment Fund, including: (a) A detailed description of the use of the moneys;(b) A detailed description of the loans, grants or other financial assistance provided from the moneys and, where applicable, an accounting of the repayment status of the loans;(c) The nature and amounts of the administrative expenses and marketing costs paid from the moneys; and(d) Indicators of program success.Added by 2022 Ch. 86, § 16