Oregon Statutes - Chapter 351 - Higher Education Generally - Section 351.885 - Administration of fund.

(1) With the advice and recommendations of the council, the board shall adopt policies and procedures for the administration of the fund.

(2) The policies and procedures shall give consideration to:

(a) The promotion of basic research of the highest caliber within our public universities;

(b) The identification of areas of inquiry which should be supported so as to recognize both the intrinsic value and extrinsic economic value of basic research;

(c) The capacity of each university to decide where basic research moneys could best be spent within that university;

(d) Administrative and accounting requirements which place upon the university receiving moneys from the fund a minimum burden sufficient to guarantee an appropriate degree of public accountability; and

(e) Methods of assuring nondiscriminatory access to the fund. [1983 c.429 §9]

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Last modified: August 7, 2008