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.
ORS 327.482
Known as the High School Graduation and College and Career Readiness Act
The act spans §§ 327–327 (283 sections).
1965 c.532 §9; 1967 c.477 §1; 2015 c.513 §12
Official source: Oregon State Legislature. Reproduced from public-domain Oregon statutes; confirm against the official source for the current text. Not legal advice.