Moneys received by the board as a result of ownership or management of property acquired under ORS 351.220 to 351.250 or of transactions regarding such property shall be credited to a special fund in the State Treasury, separate and distinct from the General Fund, to be designated “Higher Education Invention Fund” and shall only be applied by the State Board of Higher Education to payment of the agreed share, if any, to assignors, and for the advancement of research or for the acquisition and development of intellectual property, or both. Interest earned by the fund shall be credited to the fund. [1953 c.332 §5; 1989 c.966 §35]
Section: Previous 351.200 351.203 351.205 351.210 351.220 351.230 351.240 351.250 351.260 351.265 351.267 351.270 351.273 351.275 351.277 NextLast modified: August 7, 2008