Oregon Statutes - Chapter 351 - Higher Education Generally - Section 351.090 - Standardization of accounts and records; preparation of budget; allocation of funds.

The State Board of Higher Education shall prescribe for all state-supported higher educational institutions a standardized system of accounts and records. The board shall prepare biennially, at such time as the Governor shall require, a report to the Governor containing the proposed budget for the succeeding biennium covering in detail the purposes for which all expenditures shall be made. In preparation of this budget the board may allocate to the respective institutions over which it is authorized to exercise supervision and control all funds then available and all funds which under laws then existing become available during the succeeding biennium from all sources, so far as they can be ascertained, in accordance with the board’s higher educational development program.

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Last modified: August 7, 2008