Or. Admin. Code § 629-165-0200 - Unencumbered Balance

(1) ORS 477.760(1) requires the committee, on or about the last day of February of each year, to meet and determine the unencumbered balance of the fund as of February 16 of the same year.

(2) The meeting to determine the unencumbered balance will normally occur at the regularly scheduled meeting of the committee prior to the Board of Forestry meeting in early March.

(3) The unencumbered balance of the fund shall be calculated as the actual cash balance in the state treasury on February 16; less the best available estimate of eligible suppression cost claims for fires occurring before February 16, but not yet paid; less estimated administrative expenses through February 16, but not yet paid; less any other anticipated payments known to the committee at that time due for expenses committed prior to February 16, but not yet paid.

Notes

Or. Admin. Code § 629-165-0200

DOF 3-2013, f. 12-9-13, cert. ef. 1-1-14

Stat. Auth.: ORS 321, 477 & 477.770

Stats. Implemented: ORS 183.335, 183.341, 477.440 - 477.460 & 477.750 - 477.775