Relating to federal moneys received by the Oregon Military Department.

Provides that Oregon Military Department may select any available payment method for cooperative agreements with federal National Guard Bureau. If department selects advance payment method, prohibits department from incurring funding obligation payable or reimbursable from federal moneys under cooperative agreement unless department has available moneys sufficient to meet obligation. Authorizes department to adopt rules as necessary to maintain eligibility of state to receive advance payments under cooperative agreements. Authorizes State Treasurer to create accounts or subaccounts and adopt rules to maintain eligibility to receive advance funding under cooperative agreement with federal bureau. ] Authorizes State Treasurer, at request of department, to create accounts in State Treasury pursuant to cooperative agreement or related federal law. Continuously appropriates moneys in such accounts to department.