State Borrowing

ORS 286A.808
Oregon School Capital Improvement Matching Account

  • purposes

(1)

Pursuant to Article XI-P, section 4, of the Oregon Constitution, the Oregon School Capital Improvement Matching Account is established in the State Treasury, separate and distinct from the General Fund.

(2)

Amounts in the Oregon School Capital Improvement Matching Account may be invested as provided in ORS 286A.025 (Issuance and sale of bonds) (2)(g), and interest earned on moneys in the account must be credited to the account.

(3)

Notwithstanding ORS 286A.806 (School Capital Matching Fund), the Oregon School Capital Improvement Matching Account consists of net proceeds of Article XI-P bonds 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.

(4)

Moneys in the Oregon School Capital Improvement Matching Account are continuously appropriated to the Department of Education for the purposes described in ORS 286A.801 (Matching fund grants to school districts). [2015 c.783 §4]
Note: 286A.808 (Oregon School Capital Improvement Matching Account) was enacted into law by the Legislative Assembly but was not added to or made a part of ORS chapter 286A or any series therein by legislative action. See Preface to Oregon Revised Statutes for further explanation.
Source

Last accessed
May 26, 2023

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