(1) The State Board of Higher Education may sell or otherwise dispose of any worn out, obsolete or otherwise unsuitable equipment, goods, supplies, material or information technology, the disposal of which would in the board’s judgment be to the financial benefit of the institutions under the board’s control. This section does not apply to any equipment, goods, supplies, material or information technology encumbered by a certificate of participation.
(2) The board may delegate any of its duties, functions or powers granted to the board under this section to the Chancellor of the Oregon University System or any state institution of higher education within the Oregon University System.
(3) The proceeds from any sales or disposals made pursuant to authority granted in this section shall be deposited in the State Treasury to the credit of the Department of Higher Education and may be expended by the board for any purpose authorized by law in the same manner as the board is authorized to make other expenditures. Any moneys deposited in the State Treasury under this section are continuously appropriated to the department. [Amended by 2003 c.674 §9]Section: Previous 351.170 351.180 351.190 351.195 351.200 351.203 351.205 351.210 351.220 351.230 351.240 351.250 351.260 351.265 351.267 Next
Last modified: August 7, 2008