Oregon Code § 327.731·Enacted ·Last updated March 01, 2026
Statute Text
Education project grants; use; amount.
(1) Subject to rules of the State Board of Education, the Superintendent of
Public Instruction shall distribute a share of moneys in the School Capital
Construction, Maintenance and Technology Fund to school districts as education
project grants. The education project grants shall be distributed in one
payment each distribution year. The education project grants shall be used for
any state education project, as defined in ORS 327.700.
(2) Each school
districts education project grant = the districts extended ADMw for the
distribution year
´
(the total amount available for
the grants in each distribution year
¸
the total statewide extended
ADMw in the distribution year).
(3) Each school
district shall deposit the amounts it receives as an education project grant in
a separate account, and shall apply amounts in that account to pay for costs of
state education projects or shall hold amounts in that account in reserve and apply
them to pay costs of future state education projects.
(4) School
districts receiving education project grants from the School Capital
Construction, Maintenance and Technology Fund shall, if so directed by the
Oregon Department of Administrative Services, take any action specified by the
Oregon Department of Administrative Services that is necessary to maintain the
excludability of lottery bond interest from gross income under the United
States Internal Revenue Code. [1997 c.612 §14; 1999 c.1066 §14]