State Financing of Elementary and Secondary Education

ORS 327.482
Appropriation to reimburse fund for earnings failure


Out of the moneys in the General Fund, there is continuously appropriated such sums as are necessary but not to exceed $100,000 in total to reimburse the Common School Fund for any amount that may result from the failure of loans to earn at least four percent interest. The computation required to determine the interest earned on the loans shall be made annually, and the amount required to reimburse the fund shall be paid annually. [1965 c.532 §9; 1967 c.477 §1; 2015 c.513 §12]
§§ 327.403 to 327.484

Law Review Citations

69 OLR 295 (1990)


Source

Last accessed
Jun. 26, 2021