Current through Register Vol. 60, No. 12, December 1, 2021
Funds of a CCO may be invested in a manner not expressly prohibited under OAR
410-141-5145 and OAR 410-141-5165 provided such investments are made in the
exercise of the judgment and care under the circumstances then prevailing which
investors of prudence, discretion and intelligence exercise in the management
of their own affairs not in regard to speculation but in regard to the
permanent disposition of their funds, considering the probable income as well
as the probable safety of their capital.
(2) Funds invested under this section shall
not exceed the lesser of seven and one-half percent of the CCO's assets or the
excess of the CCO's assets over all liabilities and required
(3) If the
Authority has reason to believe that loans or investments made pursuant to this
section are not adequately secured or are not yielding an income the Authority
may direct the CCO to report under oath the amount of such loans or
investments, the security therefor and its market value.
Or. Admin. R.
59-2019, adopt filed 12/18/2019, effective
Statutory/Other Authority: ORS
414.635 & 414.651
Statutes/Other Implemented: ORS