Oregon Revised Statutes

Or. Rev. Stat. § 297.120 (2026)

Division of Audits investigation of state agency loss of public funds or property; report to Governor

✓ current as of May 2026
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      297.120 Division of Audits investigation of state agency loss of public funds or property; report to Governor. (1) When a state agency sustains a loss of $100 or more of public funds or property under circumstances involving a public official who is entrusted with the custody of the funds or property or who is charged with the duty to account for the funds or property, the agency shall, within 30 days after discovery of the loss, report the loss in writing to the Division of Audits.

      (2) Within 30 days after receiving the report under subsection (1) of this section, the division shall determine whether to investigate the loss.

      (3) If the division investigates a loss, the division shall prepare a report regarding the accountability of the public official for the loss. The report shall be presented to the Governor. [1963 c.617 §2; 1969 c.199 §48; 1991 c.219 §2; 1993 c.718 §2; 2007 c.219 §2]

 

AUDITS OF ACCOUNTS OF STATE AND STATE-AIDED INSTITUTIONS AND AGENCIES

Notes of Decisions
Cited in 2 cases, 1991–1992 · leading case: State Ex Rel. State Accident Ins. Fund v. Montgomery, 814 P.2d 536 (Or. Ct. App. 1991).
State Ex Rel. State Accident Ins. Fund v. Montgomery, 814 P.2d 536 (Or. Ct. App. 1991). · cites it 3× “In its second claim, plaintiff alleged that Gill, Davidson'and defendant Faulkner, *97 who succeeded Gill as plaintiffs president, are strictly liable únder ORS 297.120 for the money lost through the diversion of the dividends.”
Gill v. State Accident Ins. Fund Corp., 842 P.2d 402 (Or. 1992). · cites it 3× “” *722 Plaintiffs Gill and Davidson formerly were employed by SAIF as president and vice president, respectively.”
— Or. Rev. Stat. § 297.120(2) — 1 case
Gill v. State Accident Ins. Fund Corp., 842 P.2d 402 (Or. 1992). “” *722 Plaintiffs Gill and Davidson formerly were employed by SAIF as president and vice president, respectively.”
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