Oregon Administrative Rules
Chapter 441 - DEPARTMENT OF CONSUMER AND BUSINESS SERVICES, FINANCE AND SECURITIES REGULATION
Division 930 - PREARRANGEMENT AND PRECONSTRUCTION PLANS
Section 441-930-0085 - Calculation of Trust Fund Deposit Earnings
Current through Register Vol. 63, No. 9, September 1, 2024
If a master trustee elects to pay administrative fees and expenses, as described in ORS 97.943(9), from earnings on trust fund deposits for administrative fees, the master trustee or the certified provider shall calculate the principal amount of the trust fund in accordance with this rule.
(1) A master trustee or certified provider must calculate the allowable amount of earnings available by determining the principal amount of the trust fund on January 1 and on July 1 of the calendar year in which the earnings are appropriated for administrative expenses.
(2) By January 1 of each calendar year, a master trustee must submit, in a form and format fixed by the director, notice that the master trustee elects to pay administrative fees and expenses from the trust fund balance.
(3) By July 31 each calendar year, a master trustee must submit, in a form and format fixed by the director, the following calculations:
(4) The calculation completed under subsection (3)(d) of this rule shall be the maximum amount of earnings on the principal amount of the trust fund that may be appropriated for administrative expenses.
Stat. Auth.: ORS 97.926
Stats. Implemented: ORS 97.935
