Chapter 348 — Student Aid; Education Stability Fund; Planning
ORS 348.696 Education Stability Fund; investment; earnings; transfer of excess earnings
of this section, all declared earnings on moneys in the fund, including declared earnings on moneys in the Oregon Growth Account, shall be transferred and are appropriated continuously as follows:
75 percent to the Oregon Education Fund established by ORS 348.716; and
25 percent to the Higher Education Coordinating Commission for the Oregon Opportunity Grant program under ORS 348.260.
If the Director of the Oregon Department of Administrative Services determines for any biennium that the amount to be transferred and appropriated continuously to the Oregon Education Fund under subsection
of this section exceeds the amount needed to pay for public education and education lottery bond debt service in that biennium, the amount of the excess for that biennium shall be transferred and is appropriated continuously to the Higher Education Coordinating Commission for the Oregon Opportunity Grant program under ORS 348.260.
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Provenance
2023 Oregon Revised Statutes
Official online edition
- Source
- oregonlegislature.gov
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Version history
Prior statutory text is not available in the ingested published editions. Consult an earlier official ORS edition or the cited Oregon Laws chapter.
2025 Oregon Revised Statutes — official online source · active · operative text
Official source2023 Oregon Revised Statutes · active · operative text
Official source