Administration of Public Funds

ORS 293.706
Oregon Investment Council

  • appointment
  • term
  • vacancies


There is created the Oregon Investment Council, consisting of five voting members and one nonvoting member.


The Governor shall appoint four voting members, subject to Senate confirmation in the manner provided in ORS 171.562 (Procedures for confirmation) and 171.565 (Vote required for confirmation). The members appointed by the Governor must be qualified by training and experience in the field of investment or finance.


The Governor may appoint a member of the council under subsection (2) of this section who is also a member of the Public Employees Retirement Board appointed under ORS 238.640 (Qualifications of board members) (4). Except as provided in this subsection, members appointed by the Governor may not hold any other public office or public employment.


The State Treasurer shall be a voting member.


The Director of the Public Employees Retirement System shall be an ex officio member of the council with no voting power.


The term of office of each appointed member of the council is four years, but each appointed member serves at the pleasure of the Governor. A vacancy in the appointed membership occurring other than by expiration of term shall be filled in the same manner as the original appointment, but for the unexpired term only. [1967 c.335 §2; 1987 c.877 §1; 2001 c.217 §1; 2003 c.69 §3; 2003 c.625 §§24,25; 2005 c.180 §§1,2; 2007 c.623 §2; 2013 c.468 §1]

Atty. Gen. Opinions

Federal social security withholding taxes with respect to public members of Oregon Investment Council, (1978) Vol 38, p 2117

§§ 293.701 to 293.776

Atty. Gen. Opinions

Effect of Board of Higher Education order directing divestiture of stock in companies doing business in Southern Africa, (1978) Vol 38, p 2017; State Treasurer authority to enter into reverse repurchase agreements, (1979) Vol 39, p 569; real estate holdings through investment for Oregon Public Employes' Retirement Fund, (1981) Vol 41, p 503; Statutory and fiduciary duties of treasurer and Or. Investment Council to PERF, (1993) Vol 46, p 506

Chapter 293

Atty. Gen. Opinions

Duty or authority of Secretary of State to conduct performance audits, (1985) Vol. 44, p 381


Last accessed
Jun. 26, 2021