justicedao/ipfs_state_laws huggingface dataset:
ORS Chapter 327 — State Financing of Early

ORS 327.405. Common School Fund; composition and use. (1) The Common School Fund is composed of: (a) The proceeds from the sales of the 16th and 36th sections of every township or of any lands selected in lieu thereof; (b) All the moneys and clear proceeds of all property that may accrue to the state by escheat or forfeiture; (c) The proceeds of all gifts, devises and bequests made by any person to the state for common school purposes; (d) The proceeds of all property granted to the state when the purpose of such grant is not stated; (e) All proceeds of the sale of submerged and submersible lands as described in ORS 274.005; (f) All proceeds of the sale of the South Slough National Estuarine Research Reserve as described in ORS 273.553 (1)(a) in the event such property is sold; (g) All proceeds of the sale of the 500,000 acres of land to which this state is entitled by an Act of Congress approved September 4, 1841, and of all lands selected for capitol building purposes under Act of Congress approved February 14, 1859; (h) Moneys credited to the fund or transferred to the fund by the Legislative Assembly; and (i) All proceeds derived from the investment of moneys that compose the fund. (2) Except as otherwise provided by law, the income from the fund must be applied exclusively to the support and maintenance of common schools in each school district.
ORS Chapter 327 — State Financing of Early

ORS 327.410. Apportionment of Distributable Income Account of Common School Fund among counties; distribution to school districts. The Department of State Lands shall transfer the balance of the Distributable Income Account of the Common School Fund established under ORS 273.105, after deductions authorized by law, to the Superintendent of Public Instruction semiannually, or more frequently if the State Land Board so orders. The superintendent shall immediately apportion the amount transferred among the counties in proportion to the number of children resident in each county between the ages of 4 and 20 as determined pursuant to ORS 190.510 to 190.610. The superintendent shall distribute to each school district within a county a share of the countys apportionment that is based on the districts average daily membership that resides within the county.
ORS Chapter 327 — State Financing of Early

ORS 327.420. Basis of apportionment. (1) The basis of all apportionments of the Common School Fund shall be the reports of the resident average daily membership for the preceding fiscal year as reported by the school district to the Department of Education. (2) In the case of a joint school district, the resident average daily membership reported to the department shall be prorated between the counties as the resident enrollment of the district is prorated between the counties.
ORS Chapter 327 — State Financing of Early

ORS 327.423. enacted into law by the Legislative Assembly but was not added to or made a part of ORS chapter 327 or any series therein by legislative action. See Preface to Oregon Revised Statutes for further explanation.
ORS Chapter 327 — State Financing of Early

ORS 327.425. Loans and investment of funds; determination of interest rate. (1) All moneys belonging to the Common School Fund and not required to meet current expenses shall be loaned by the Department of State Lands at a rate of interest fixed by the department. The department may consult with and obtain the recommendation of the Oregon Investment Council in fixing the interest rate. (2) Common School Fund moneys may be loaned in accordance with the repayment plan contained in ORS 327.440, except that loans on property within the corporate limits of towns or cities shall be payable in not more than 15 years on the amortization plan. (3) If at any time there is a Common School Fund surplus over and above all loans applied for, such portion of the surplus as the department deems proper may be invested as provided in ORS 293.701 to 293.857. The department may require the State Treasurer to deposit any such surplus, until it is able to loan same, in qualified state depositories, upon the same terms and conditions as other public funds are deposited therein, in which event any interest received from any such state depository shall be credited to the fund on which such interest was earned. (4) The department may reduce the rate of interest to be paid upon outstanding loans from the Common School Fund and any trust fund placed in its charge, to correspond with the rate of interest to be paid upon new loans, but no reduction in rate of interest shall be made upon any of the loans until interest at the old rate has been paid in full to date of receipt of remittance at the office of the department.
ORS Chapter 327 — State Financing of Early

ORS 327.430. Security for loans. (1) The principal and interest of all loans shall be paid in lawful money of the United States. (2) Loans shall be secured by note specifying the fund from which the loan is made and mortgage to the Department of State Lands on improved land within this state, or upon range or grazing land therein. Except as provided in ORS 273.815, the security for a secured loan shall be not less than twice the value of the amount loaned, and, except as otherwise provided in subsection (3) of this section, shall be of unexceptional title and free from all encumbrances. A secured loan may be secured by a deposit of obligations of the United States or of bonds or warrants of this state of a face value of not less than 25 percent in excess of such loans. (3) The department is not prohibited by subsection (2) of this section from making a secured loan merely because the land securing the loan is: (a) Situated in an irrigation district, taking into consideration the amount of bonded indebtedness of the district as compared with the valuation of the real property of the district. (b) Subject to a reservation of mineral rights. (c) Subject to a lease of any kind. (d) Subject to a statutory lien for public improvements. (e) Subject to an easement.
ORS Chapter 327 — State Financing of Early

ORS 327.435. Ascertainment of value and title of security. The Department of State Lands shall adopt methods, rules and regulations for ascertaining the value of and state of the title of any lands proposed as security for any loan under the provisions of ORS 327.425 and 327.430. All expenses of ascertaining title shall be borne by the applicant. The department may establish fees to be paid by the applicant for the appraisal of any property offered as security. [Amended by 1965 c.229 2]
ORS Chapter 327 — State Financing of Early

ORS 327.440. Loan repayment. Secured loans authorized by ORS 327.430 shall be repaid in semiannual, quarterly or monthly installments, as may mutually be agreed upon between the borrower and the Department of State Lands, and the installments shall aggregate each year an amount equal to one years interest on the original principal of the loan plus an additional two percent of the original principal sum, except as provided in ORS 327.425. Of the installment so paid each year, the amount at the specified interest rate on the principal remaining unpaid shall be credited as interest and the balance credited to reduction of the loan principal. Borrowers from the fund shall have the right to make payments in excess of the amounts of such installments, and the further right at any time to pay off such loans in part or full with interest to payment dates. [Amended by 1965 c.532 7]
ORS Chapter 327 — State Financing of Early

ORS 327.445. Custody of securities for loan; collection of interest. The Department of State Lands shall have custody of all notes, bonds and other securities covering secured loans made by it from any fund. The department shall take proper measures for the prompt collection of interest due on all loans from any such fund and place it to the credit of the fund from which the loan was made, to be paid out as provided by law. [Amended by 1965 c.532 8]
ORS Chapter 327 — State Financing of Early

ORS 327.450. Foreclosure of mortgages given to secure loans. (1) The Department of State Lands shall foreclose all mortgages taken to evidence loans from the Common School Fund or other funds whenever more than one years interest on the loan is due and unpaid or whenever any mortgage becomes inadequate security for the money loaned. The department may foreclose its mortgage in the event of waste or any other impairment of the property upon which the loan was made. It may also foreclose for delinquency in payment of principal or interest installments or in payment of taxes on such property. (2) The department may bid in the land in the name of the state at a price not to exceed the total amount of the states claim or they may accept a deed or a release of the equity of redemption. Should it appear to the satisfaction of the department that the mortgagee cannot make the payment of interest and that foreclosure would work an injustice and that foreclosure is not then necessary to secure the fund from loss, the department may extend the time for paying such interest not exceeding two years. [Amended by 1965 c.100 36]
ORS Chapter 327 — State Financing of Early

ORS 327.455. Record of purchases by Department of State Lands on foreclosures; resale or lease of land; disposition of proceeds. The Director of the Department of State Lands shall keep a correct record of all purchases on foreclosures under ORS
ORS Chapter 327 — State Financing of Early

ORS 327.465. Cancellation of unpaid taxes after deed to state in liquidation of loan. Whenever the Department of State Lands receives a deed to the State of Oregon of lands covered by a mortgage given to secure a loan from the Common School Fund in liquidation of the debt represented by the loan, the department shall send a written notice of the transaction to the county court of the county in which such deeded lands are situated. Upon the receipt of such notice, the county court shall cancel on the county tax records unpaid taxes levied and assessed against such property in that county. This section does not apply to tax liens of irrigation or drainage districts organized prior to the effective date of the lien of the department.
ORS Chapter 327 — State Financing of Early

ORS 327.470. Cancellation of taxes on land acquired through foreclosure proceedings; right of redemption. (1) Excepting tax liens of irrigation or drainage districts organized before the effective date of the Department of State Lands lien, whenever the State of Oregon acquires property or lands through foreclosure of a mortgage given to secure a loan from the Common School Fund and the state has received the sheriffs deed made as a result of such foreclosure proceedings and the period for redemption has expired, the county court, or board of county commissioners, of the county in which such lands are situated shall cancel on the county tax records all the unpaid taxes levied and assessed against the property. (2) At the time the sheriff issues a certificate of sale in the foreclosure proceedings of any department mortgage, the sheriff shall serve a copy of the certificate upon the county judge, or the chairperson of the board of county commissioners, of the county in which the foreclosure takes place. The county shall have a 60-day period from the date of the sheriffs certificate in which to redeem the land by paying the department the full amount of its investment in the land, including principal and interest, foreclosure charges, abstracting expense, and any other necessary expense incurred by the department in said foreclosure proceedings.
ORS Chapter 327 — State Financing of Early

ORS 327.475. When county court may acquire mortgaged lands deeded to state. Whenever the Department of State Lands receives a deed as described in ORS 327.465, the county court of the county in which the lands are situated may, within one year from the recorded date of such deed, acquire from the state the property so conveyed by paying to the state the total amount of the states investment in the property.
ORS Chapter 327 — State Financing of Early

ORS 327.480. Use of Common School Fund moneys to comply with judgment canceling fraudulent deed. (1) Where the judgment in a suit instituted by the State of Oregon to cancel and set aside any deed of lands from the State of Oregon alleged to have been procured by fraud and in violation of law grants relief to the State of Oregon which is conditioned on the payment of money, the Department of State Lands may pay from the Common School Fund the sum necessary to comply with the conditions of the judgment. (2) This section shall not be considered as a legislative interpretation relieving the defendants in such suit from applying to the legislature for repayment of the purchase price of such land, or that the State of Oregon is not entitled to an accounting from the purchaser, the assignee, or successor in interest, for school or other lands obtained in violation of law, or that the State of Oregon must repay the purchase price of such lands, with or without interest as a condition of obtaining relief. This section is intended to prevent the loss to the State of Oregon of lands obtained in violation of law, where the court imposes as a condition for granting relief the payment of money.
ORS Chapter 327 — State Financing of Early

ORS 327.482. Appropriation to reimburse fund for earnings failure. Out of the moneys in the General Fund, there is continuously appropriated such sums as are necessary but not to exceed $100,000 in total to reimburse the Common School Fund for any amount that may result from the failure of loans to earn at least four percent interest. The computation required to determine the interest earned on the loans shall be made annually, and the amount required to reimburse the fund shall be paid annually.
ORS Chapter 327 — State Financing of Early

ORS 327.484. Reimbursement for earnings failure. Moneys may be withdrawn annually on July 1 from the General Fund by order of the Department of State Lands to be credited to the Common School Fund to pay to the Common School Fund any amount resulting from the failure of the total student loans to earn at least four percent interest in the preceding fiscal year. [1965 c.532 11; 1967 c.335 39; 1967 c.477 2; 2015 c.513 13] EDUCATION CASH ACCOUNT
ORS Chapter 327 — State Financing of Early

ORS 327.485. Education Cash Account; disbursements. (1) The Education Cash Account of the General Fund consists of all moneys made available to the Department of Education by: (a) Charitable and philanthropic foundations, organizations and agencies if the moneys have not been dedicated for specific use by requirements of other sections of Oregon Revised Statutes; (b) Miscellaneous receipts; (c) Collection of fees from sale of supplies and publications compiled and furnished by the Department of Education and distributed or sold to other persons or groups; (d) Funds received as gifts, contributions and bequests for career and technical education and moneys received as reimbursements for funds theretofore expended; (e) Moneys received through charges to grants, contracts and other funds for indirect costs; and (f) Any other nondedicated moneys received by the Department of Education for which the Legislative Assembly has established an administrative funds limitation. (2) The provisions of this section do not relieve the department of its responsibilities to separately account for moneys received as trust funds. (3) Disbursements from the Education Cash Account shall be made as directed by the Department of Education. The department shall keep a record of all moneys deposited in such account. The record shall indicate by separate cumulative accounts the source from which the moneys are derived and the individual activity against which each withdrawal is charged.
ORS Chapter 327 — State Financing of Early

ORS 327.490. Projects contracted to districts and institutions of higher learning. The State Board of Education may contract with school districts, community college districts and any institutions of higher learning in this state for the purpose of carrying out any phase of a project for which funds granted under ORS 327.485 are available and may reimburse such districts and institutions from such funds. The board may make advance payments to the contracting districts or institutions based on the estimated cost of any service to be provided. Any payment to a district shall not be subject to the provisions of ORS 294.305 to 294.565.
ORS Chapter 327 — State Financing of Early

ORS 327.495. Appropriation of funds received for certain purposes. All moneys received by the State Board of Education for distribution to school districts in this state for the purpose of carrying out experimental and demonstration programs to improve education and educator preparation in this state are continuously appropriated for such purpose. [1961 c.588 6; 1965 c.100 39; 1989 c.491 9; 2013 c.747 177; 2015 c.245 39] SUMMER LEARNING PROGRAM ACCOUNT
ORS Chapter 327 — State Financing of Early

ORS 327.496. Summer Learning Program Account; rules. (1) The Summer Learning Program Account is established in the State Treasury, separate and distinct from the General Fund. (2) The account consists of moneys appropriated, allocated, deposited or transferred to the account by the Legislative Assembly or otherwise. (3) The Department of Education, on behalf of the State of Oregon, may solicit and accept gifts, grants, donations and other moneys from public and private sources for deposit in the account. (4) Moneys in the account are continuously appropriated to the Department of Education to disburse or expend for activities or programs related to providing summer academic and enrichment opportunities for school-aged children. (5) The Department of Education may enter into grant agreements, contracts, intergovernmental agreements or other agreements with school districts, community-based organizations, nonprofit organizations, federally recognized tribes or other entities to provide summer academic and enrichment programs and may disburse or expend moneys from the account pursuant to such agreements. (6) The State Board of Education may adopt rules necessary for the administration of the account. [2021 c.10 19] Note:
ORS Chapter 327 — State Financing of Early

ORS 327.497. Legislative findings. The Legislative Assembly finds that: (1) Within the Oregon Educational Act for the 21st Century in ORS chapter 329 there are established goals for high academic excellence, the application of knowledge and skills to demonstrate achievement and the development of lifelong learning skills to prepare students for the ever-changing world. (2) Education is increasingly linked to economic and social issues. (3) The people of Oregon, through section 8, Article VIII of the Oregon Constitution, have established that the Legislative Assembly shall appropriate in each biennium a sum of money sufficient to ensure that the states system of public education meets the quality goals established by law. Furthermore, the people of Oregon require that the Legislative Assembly publish a report that either demonstrates that the appropriation is sufficient or identifies the reasons for the insufficiency, its extent and its impact on the ability of the states system of public education to meet those goals. (4) The Quality Education Commission should be established to define the costs sufficient to meet the established quality goals for kindergarten through grade 12 public education.
ORS Chapter 327 — State Financing of Early

ORS 327.500. Establishment; membership; staff. (1) There is established a Quality Education Commission consisting of 11 members appointed by the Governor. The Governor may not appoint more than five members of the commission who are employed by a school district at the time of appointment. (2) The term of office of each member is four years, but a member serves at the pleasure of the Governor. Before the expiration of the term of a member, the Governor shall appoint a successor whose term begins on August 1 next following. A member is eligible for reappointment. If there is a vacancy for any cause, the Governor shall make an appointment to become immediately effective for the remainder of the unexpired term. (3) The appointment of members of the commission is subject to confirmation by the Senate in the manner prescribed in ORS 171.562 and 171.565. (4) A member of the commission is entitled to compensation and expenses as provided in ORS 292.495. (5) The Department of Education shall provide staff to the commission.
ORS Chapter 327 — State Financing of Early

ORS 327.502. Officers; quorum; meetings. (1) The Governor shall select one of the members of the Quality Education Commission as chairperson and another as vice chairperson, for such terms and with duties and powers necessary for the performance of the functions of those offices as the Governor determines. (2) A majority of the members of the commission constitutes a quorum for the transaction of business. (3) The commission shall meet at times and places specified by the call of the chairperson or of a majority of the members of the commission.
ORS Chapter 327 — State Financing of Early

ORS 327.505. [Repealed by 1965 c.100 456]
ORS Chapter 327 — State Financing of Early

ORS 327.506. Quality education goals; duties; report. (1) The quality goals for the states system of kindergarten through grade 12 public education include those established under ORS 329.007, 329.015, 329.025, 329.045 and 329.065. (2) Each biennium the Quality Education Commission shall determine the amount of moneys sufficient to ensure that the states system of kindergarten through grade 12 public education meets the quality goals. (3) In determining the amount of moneys sufficient to meet the quality goals, the commission shall identify best practices that lead to high student performance and the costs of implementing those best practices in the states kindergarten through grade 12 public schools. Those best practices shall be based on research, data, professional judgment and public values. (4) Prior to August 1 of each even-numbered year, the commission shall issue a report to the Governor and the Legislative Assembly that identifies: (a) Current practices in the states system of kindergarten through grade 12 public education, the costs of continuing those practices and the expected student performance under those practices; and (b) The best practices for meeting the quality goals, the costs of implementing the best practices and the expected student performance under the best practices. (5) In addition, the commission shall provide in the report issued under subsection (4) of this section at least two alternatives for meeting the quality goals. The alternatives may use different approaches for meeting the quality goals or use a phased implementation of best practices for meeting the quality goals.
ORS Chapter 327 — State Financing of Early

ORS 327.510. [Repealed by 1965 c.100 456] BUDGET AND ACCOUNTING SYSTEM