Oregon Statutes - Chapter 348 - Student Aid; Education Stability Fund; Planning - Section 348.433 - Limitation on administrative expenditures.

(1) No more than five percent of the funds available for purposes of ORS 348.427 to 348.436 shall be used by the state for the administrative expenditures of the program. Administrative expenditures do not include premiums paid for workers’ compensation benefits.

(2) An institution of higher education may use an amount not to exceed four percent of the funds available under ORS 348.427 to 348.436 to meet its expenses in administering the program. [1993 c.765 §43]

Section:  Previous  348.410  348.415  348.420  348.425  348.427  348.429  348.431  348.433  348.436  348.450  348.460  348.470  348.500  348.505  348.510  Next

Last modified: August 7, 2008