Oregon Statutes 348.266 – Opportunity Grant Fund
(1) The Opportunity Grant Fund is established in the State Treasury, separate and distinct from the General Fund. Interest earned by the Opportunity Grant Fund shall be credited to the fund.
Terms Used In Oregon Statutes 348.266
- State Treasury: includes those financial assets the lawful custody of which are vested in the State Treasurer and the office of the State Treasurer relating to the custody of those financial assets. See Oregon Statutes 174.100
(2) Moneys in the Opportunity Grant Fund shall consist of:
(a) Amounts donated to the fund;
(b) Amounts appropriated or otherwise transferred to the fund by the Legislative Assembly;
(c) Other amounts deposited in the fund from any source; and
(d) Interest earned by the fund.
(3) Moneys in the fund are continuously appropriated to the Higher Education Coordinating Commission. After the payment of refunds to taxpayers as described in ORS § 315.643 and 315.646 and payments to a tax credit marketer for marketing services provided by the marketer as described in ORS § 348.267, the balance remaining in the fund shall be used for the Oregon Opportunity Grant program under ORS § 348.260.
(4) Expenditures from the fund are not subject to ORS § 291.232 to 291.260. [2018 c.108 § 4]
348.266 and 348.267 were enacted into law by the Legislative Assembly but were not added to or made a part of ORS Chapter 348 or any series therein by legislative action. See Preface to Oregon Revised Statutes for further explanation.