(1)(a) Except as provided by paragraph (d) of this subsection, the amount of a grant awarded from the Student Investment Account = the grant recipient’s ADMw ‘ (the total amount available for distribution as grants in each biennium ‘ the total ADMw of all grant recipients).

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(b) For purposes of this subsection and except as provided by paragraph (c) of this subsection, ADMw equals:

(A) For school districts, the ADMw as calculated under ORS § 327.013, except that the additional amount allowed for students who are in poverty families, as determined under ORS § 327.013 (1)(c)(A)(v)(I), shall be 0.5.

(B) For an educational program under the Youth Corrections Education Program or the Juvenile Detention Education Program, as provided in ORS § 327.026.

(c) When calculating ADMw for a school district, the Department of Education shall remove from the calculation any amounts that are attributable to:

(A) A virtual public charter school, as defined in ORS § 338.005;

(B) A public charter school that provided notice of the public charter school’s intent to apply for a grant as an eligible applicant; and

(C) A public charter school sponsored by, or located within, the school district that did not participate in the grant application or grant agreement.

(d) The amount of a grant distributed under this section may be adjusted by the department to ensure that:

(A) A grant recipient does not receive any moneys for uses that are not allowed uses under ORS § 327.180 (3).

(B) A school district with an ADMw of 50 or less receives a minimum grant amount.

(C) Each site of the Youth Corrections Education Program and the Juvenile Detention Education Program receives a grant amount that is no less than the minimum grant amount provided to a school district under subparagraph (B) of this paragraph.

(2) The State Board of Education shall adopt any rules necessary for the distribution of grants under this section, including establishing:

(a) The minimum grant amounts under subsection (1)(d) of this section; and

(b) Any percentages and timelines for installment payments and adjustments of those installment payments.

(3) A grant recipient shall deposit the grant moneys the grant recipient receives under this section into a separate account and shall apply amounts in that account as provided by the grant agreement. [2019 c.122 § 13; 2021 c.350 § 5; 2023 c.495 § 2]

[1957 c.612 § 16; 1959 c.388 § 14; 1965 c.100 § 23; renumbered 327.133]