Oregon Statutes 327.484 – Reimbursement for earnings failure
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Moneys may be withdrawn annually on July 1 from the General Fund by order of the Department of State Lands to be credited to the Common School Fund to pay to the Common School Fund any amount resulting from the failure of the total student loans to earn at least four percent interest in the preceding fiscal year. [1965 c.532 § 11; 1967 c.335 § 39; 1967 c.477 § 2; 2015 c.513 § 13]
Terms Used In Oregon Statutes 327.484
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
EDUCATION CASH ACCOUNT