State Borrowing

ORS 286A.806
School Capital Matching Fund

  • purposes

Pursuant to section 4, Article XI-P of the Oregon Constitution, the School Capital Matching Fund is established in the State Treasury, separate and distinct from the General Fund. Amounts in the School Capital Matching Fund may be invested as provided in ORS 286A.025 (Issuance and sale of bonds) (2)(g), and interest earned on moneys in the fund must be credited to the fund. The School Capital Matching Fund consists of net proceeds of Article XI-P bonds issued under ORS 286A.796 (Definitions for ORS 286A) to 286A.806 (School Capital Matching Fund), moneys from the repayment of loans by school districts and other moneys made available by the Legislative Assembly for purposes described in ORS 286A.798 (Authority of State Treasurer to issue bonds) (1) and the budget authorization for bond issuance established under ORS 286A.035 (Bond budget authorization) for the Department of Education. Moneys in the fund are continuously appropriated to the Department of Education for the purposes described in ORS 286A.798 (Authority of State Treasurer to issue bonds) (1) and the budget authorization. [2011 c.699 §6; 2013 c.722 §38]
Source

Last accessed
May 26, 2023

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