Oregon Statutes 332.385 – Gifts for scholarships and loans
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If the district school board accepts money and property donated for the purpose of establishing scholarship and loan funds for the post-high-school education of students of the district, then, subject to the conditions of the gift, the board may appoint a scholarship committee which, subject to the rules of the board, shall determine the eligibility of applicants for scholarships and loans, award scholarships and loans and fix the amounts to be awarded and the terms and conditions of the awards. [1965 c.132 § 2; 1967 c.67 § 4]
Terms Used In Oregon Statutes 332.385
- District school board: means the board of directors of a common school district or a union high school district. See Oregon Statutes 332.002
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
[Repealed by 1953 c.424 § 2 (332.085 enacted in lieu of 332.390)]
[1961 c.570 1,2,4,5; renumbered 332.205 and then 332.445]
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