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Oregon Revised Statutes

Or. Rev. Stat. § 656.632 (2026)

Industrial Accident Fund

✓ current as of May 2026
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      656.632 Industrial Accident Fund. (1) The Industrial Accident Fund is continued. This fund shall be held by the State Treasurer and by the State Treasurer deposited in such banks as are authorized to receive deposits of general funds of the state.

      (2) All moneys received by the State Accident Insurance Fund Corporation under this chapter, shall be paid forthwith to the State Treasurer and shall become a part of the Industrial Accident Fund. However, any assessments collected for the Director of the Department of Consumer and Business Services under this chapter and deposited in the Industrial Accident Fund may thereafter be transferred to the director and deposited in the Consumer and Business Services Fund.

      (3) All payments authorized to be made by the State Accident Insurance Fund Corporation by this chapter, including all salaries, clerk hire and all other expenses, shall be made from the Industrial Accident Fund. [Formerly 656.452; 1975 c.556 §47; 2003 c.781 §§9,13]

Notes of Decisions
Cited in 6 cases, 1983–2007 · leading case: Eckles v. State of Oregon, 760 P.2d 846 (Or. 1988).
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Eckles v. State of Oregon, 760 P.2d 846 (Or. 1988). · cites it 4× “" ORS 656.632(1); cf. Or. Const., Art. VIII, § 2 (establishing a "Common School *851 Fund").”
Frohnmayer v. State Accident Ins. Fund Corp., 660 P.2d 1061 (Or. 1983). · cites it 2× “2 The Industrial Accident Fund arises from ORS 656.632 and ORS 656.634, which provide: ORS 656.”
Johnson v. SAIF Corp., 164 P.3d 278 (Or. 2007). · cites it 2× “See ORS 656.632(3) (all payments made by SAIF, including “all salaries” and “all other expenses,” shall be paid from the IAF).”
Johnson v. SAIF Corp., 122 P.3d 66 (Or. Ct. App. 2005). “ORS 656.632. It is true, as we have noted, that many years ago the state contributed to the IAF.”
Alsea Veneer, Inc. v. State of Oregon, 843 P.2d 492 (Or. Ct. App. 1992). “ORS 656.632(2), (3). In September, 1982, the legislature, facing a state budget deficit, directed the transfer of $81 million from IAF, which it had determined had a surplus of over $168 million, to the State General Fund.”
Artisan Labs., Inc. v. SAIF Corp., 106 P.3d 677 (Or. Ct. App. 2005). “ORS 656.632. SAIF maintains some of the IAF as a “reserve” so that it can meet unexpected demands.”
— Or. Rev. Stat. § 656.632(1) — 1 case
Eckles v. State of Oregon, 760 P.2d 846 (Or. 1988). “" ORS 656.632(1); cf. Or. Const., Art. VIII, § 2 (establishing a "Common School *851 Fund").”
— Or. Rev. Stat. § 656.632(2) — 2 cases
Eckles v. State of Oregon, 760 P.2d 846 (Or. 1988). “" ORS 656.632(1); cf. Or. Const., Art. VIII, § 2 (establishing a "Common School *851 Fund").”
Alsea Veneer, Inc. v. State of Oregon, 843 P.2d 492 (Or. Ct. App. 1992). “ORS 656.632(2), (3). In September, 1982, the legislature, facing a state budget deficit, directed the transfer of $81 million from IAF, which it had determined had a surplus of over $168 million, to the State General Fund.”
— Or. Rev. Stat. § 656.632(3) — 1 case
Johnson v. SAIF Corp., 164 P.3d 278 (Or. 2007). “See ORS 656.632(3) (all payments made by SAIF, including “all salaries” and “all other expenses,” shall be paid from the IAF).”
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