ORS 350.357

The Part-Time Faculty Insurance Fund is established in the State Treasury, separate and distinct from the General Fund. Interest earned by the Part-Time Faculty Insurance Fund must be credited to the fund. The fund consists of moneys appropriated, allocated, deposited or transferred to the fund by the Legislative Assembly or otherwise and interest earned on moneys in the fund. The moneys in the fund are continuously appropriated to the Higher Education Coordinating Commission for the purpose of reimbursing public institutions of higher education for the cost of paying premiums for health benefit plans for part-time faculty under ORS 350.355.