(1) The STEM Fund is established in the State Treasury, separate and distinct from the General Fund. Interest earned by the STEM Fund shall be credited to the fund. Moneys in the STEM Fund are continuously appropriated to the Higher Education Coordinating Commission for the purpose of providing scholarships to students to encourage study in science, technology, engineering and mathematics.

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Terms Used In Oregon Statutes 348.576

  • 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) The commission may accept grants, donations, contributions or gifts from any source for deposit in the STEM Fund. [2012 c.94 § 3; 2013 c.747 § 198]

 

348.576 was enacted into law by the Legislative Assembly but was 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.

 

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