Oregon Code § 345.110·Enacted ·Last updated March 01, 2026
Statute Text
Tuition Protection Fund; rules.
(1) The Tuition Protection Fund is established separate and distinct from the
General Fund. Interest earned by the fund shall be credited to the fund.
Proceeds of the fund are continuously appropriated to the Higher Education
Coordinating Commission to protect students when a career school ceases to
provide educational services and for administrative expenses incurred under
subsection (5) of this section.
(2) The
commission shall maintain and administer the fund and shall adopt by rule
procedures governing the administration and maintenance of the fund, including
requirements relating to contributions to and claims against the fund.
(3) Each career
school shall pay to the Tuition Protection Fund an initial capitalization
deposit in amounts and within time limits established by rule of the
commission. Thereafter, each school shall make installment payments based on a
matrix adopted by rule of the commission. In establishing the amount and
frequency of payments, the commission may consider the enrollment and financial
condition of each school and such other factors as the commission considers
appropriate. The commission may deny, suspend or revoke the license of a school
which fails to make payments or fails to conform to other requirements of this
section or rules adopted by the commission under this section.
(4) The
commission shall deposit moneys received under this section with the State
Treasurer in the Tuition Protection Fund.
(5) The
commission may disburse moneys from the fund by checks or orders drawn upon the
State Treasurer in conformance with rules of the commission and only for
tuition protection purposes, including the commissions costs in administering
and maintaining the fund.
(6) The
commission may enter into contracts to carry out the purposes of the fund. The
provisions of ORS 279.835 to 279.855 and ORS chapters 279A and 279B do not apply
to contracts entered into under this subsection. [Amended by 1975 c.478 §11;
1981 c.897 §49; 1989 c.333 §9; 1991 c.534 §4; 1993 c.45 §264; 1995 c.343 §7;
2003 c.540 §2; 2003 c.794 §257a; 2012 c.104 §29]