Oregon Abandoned and Derelict Vessel Fund. (1) The Oregon Abandoned and Derelict Vessel Fund is established in the State Treasury, separate and distinct from the General Fund. Interest earned by the Oregon Abandoned and Derelict Vessel Fund shall be credited to the fund. Moneys in the fund are continuously appropriated to the Department of State Lands for the purpose of carrying out the provisions of the Oregon Abandoned and Derelict Vessel Program

(2) The department may accept grants, donations, contributions or gifts from any source for deposit in the fund.

(3) The fund shall consist of:

(a) Moneys received by the department as provided by subsection (2) of this section;

(b) Moneys appropriated by the Legislative Assembly for deposit in the fund;

(c) Interest earned on moneys in the fund; and

(d) Other moneys deposited in the fund from any source. [2023 c.419 §3]