(1) There is established in the General Fund an account to be known as the Allen Hall Phase II Project Account. Funds in the account shall be used for the remodeling of Allen Hall 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 purposes of the Allen Hall Phase II 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 $561,800 in interest, donations and federal and local government funds for purposes of this subsection. [1999 c.890 §12; 2003 c.674 §21]
Note: 351.537 to 351.539 were enacted into law by the Legislative Assembly but were not added to or made a part of ORS chapter 351 or any series therein by legislative action. See Preface to Oregon Revised Statutes for further explanation.Section: Previous 351.530 351.531 351.532 351.533 351.534 351.535 351.536 351.537 351.538 351.539 351.540 351.545 351.550 351.555 351.560 Next
Last modified: August 7, 2008