(1) There is established the School Improvement Fund, separate and distinct from the General Fund. Interest earned by the School Improvement Fund shall be credited to the fund.
(2) The moneys in the fund are continuously appropriated to the Department of Education for purposes of the grant program created by ORS 327.297.
(3) Each fiscal year, the department shall distribute:
(a) 95.25 percent of the moneys in the fund as grants to school districts, the Youth Corrections Education Program and the Juvenile Detention Education Program; and
(b) 4.75 percent of the moneys in the fund as grants to education service districts. [2001 c.794 §2; 2007 c.578 §2]
Section: Previous 327.260 327.265 327.270 327.275 327.280 327.285 327.290 327.294 327.297 327.300 327.310 327.320 327.330 327.333 327.336 NextLast modified: August 7, 2008