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Oregon Revised Statutes

Or. Rev. Stat. § 656.642 (2026)

Emergency Fund

✓ current as of May 2026
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      656.642 Emergency Fund. (1) There is created a revolving fund known as the Emergency Fund, which shall be deposited and maintained with the State Treasurer in the sum of $200,000.

      (2) The Emergency Fund shall be disbursed by checks or orders issued by the State Accident Insurance Fund Corporation and drawn upon the State Treasurer:

      (a) To pay compensation benefits.

      (b) To refund to employers amounts paid to the Industrial Accident Fund in excess of the amounts required by this chapter.

      (c) To distribute any surplus to employers as required by ORS 656.526.

      (d) To distribute any moneys recovered from an employer or third party in which the State Accident Insurance Fund Corporation has no equity.

      (e) To pay administrative expenses. [Formerly 656.464; 1971 c.357 §1; 1983 c.740 §245]

Notes of Decisions
Cited in 3 cases, 1993–2005 · leading case: Alsea Veneer, Inc. v. State of Oregon, 862 P.2d 95 (Or. 1993).
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Alsea Veneer, Inc. v. State of Oregon, 862 P.2d 95 (Or. 1993). “It might have been used for one or a combination of the following: for refunds to participating employers/insureds, *100 ORS 656.642(2)(b); for augmenting reserve accounts, ORS 656.”
Alsea Veneer, Inc. v. State, 862 P.2d 95 (Or. 1993). “It might have been used for one or a combination of the following: for refunds to participating employers/insureds, ORS 656.642(2)(b); for augmenting reserve accounts, ORS 656.”
Artisan Labs., Inc. v. SAIF Corp., 106 P.3d 677 (Or. Ct. App. 2005). · cites it 3× “Third, plaintiffs point to ORS 656.642. That statute creates “a revolving fund known as the Emergency Fund” *590 and specifies that it may be used, among other purposes, “[t]o distribute any surplus to employers as required by ORS 656.”
— Or. Rev. Stat. § 656.642(2)(b) — 3 cases
Alsea Veneer, Inc. v. State of Oregon, 862 P.2d 95 (Or. 1993). “It might have been used for one or a combination of the following: for refunds to participating employers/insureds, *100 ORS 656.642(2)(b); for augmenting reserve accounts, ORS 656.”
Alsea Veneer, Inc. v. State, 862 P.2d 95 (Or. 1993). “It might have been used for one or a combination of the following: for refunds to participating employers/insureds, ORS 656.642(2)(b); for augmenting reserve accounts, ORS 656.”
Artisan Labs., Inc. v. SAIF Corp., 106 P.3d 677 (Or. Ct. App. 2005). “Third, plaintiffs point to ORS 656.642. That statute creates “a revolving fund known as the Emergency Fund” *590 and specifies that it may be used, among other purposes, “[t]o distribute any surplus to employers as required by ORS 656.”
— Or. Rev. Stat. § 656.642(2)(c) — 1 case
Artisan Labs., Inc. v. SAIF Corp., 106 P.3d 677 (Or. Ct. App. 2005). “Third, plaintiffs point to ORS 656.642. That statute creates “a revolving fund known as the Emergency Fund” *590 and specifies that it may be used, among other purposes, “[t]o distribute any surplus to employers as required by ORS 656.”
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