(1) There is established in the General Fund an account to be known as the University of Oregon School of Music Account. Funds in the account shall be used for additions and alterations to the School of Music at the University of Oregon.
(2) The account shall consist of federal and local government funds made available to and funds donated to the Oregon University System for the purpose of the University of Oregon School of Music project described in subsection (1) of this section. Interest earned on moneys in the account shall be credited to the account.
(3) Moneys in the account shall be considered to be General Fund moneys for purposes of section 1 (3), Article XI-G of the Oregon Constitution, and are continuously appropriated to the Department of Higher Education for that purpose. The account may not be credited with more than $7,600,000 in interest, donations and federal and local government funds for purposes of this subsection. [2001 c.845 §10; 2003 c.674 §13]
Note: See note under 351.511.
Section: Previous 351.513 351.515 351.516 351.517 351.518 351.519 351.520 351.521 351.522 351.523 351.524 351.525 351.526 351.527 351.528 NextLast modified: August 7, 2008