(1) There is created the Oregon Innovation Council consisting of the following voting members:

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Terms Used In Oregon Statutes 284.706

  • Ex officio: Literally, by virtue of one's office.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Presiding officer: A majority-party Senator who presides over the Senate and is charged with maintaining order and decorum, recognizing Members to speak, and interpreting the Senate's rules, practices and precedents.
  • Quorum: The number of legislators that must be present to do business.
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • state government: means the executive department, the judicial department and the legislative department. See Oregon Statutes 174.111

(a) The Governor or the Governor’s designated representative, who shall be chairperson of the council.

(b) Seven members appointed by the Governor who are experienced entrepreneurs or investors or are engaged in the operations of Oregon traded sector industries or Oregon growth businesses.

(c) Two members appointed by the Governor who represent Oregon-based higher education. Members may include a representative of an Oregon-based, generally accredited community college, a public university listed in ORS § 352.002, Oregon Health and Science University or an Oregon-based, generally accredited, not-for-profit private institution of higher education.

(d) A member of the Oregon Growth Board, appointed by the board, who is experienced in making direct investments in new growth-based companies.

(e) A private sector member of the State Workforce and Talent Development Board.

(f) The Director of the Oregon Business Development Department or a designee of the director.

(g) The executive director of the Higher Education Coordinating Commission.

(h) The State Treasurer.

(2)(a) The Speaker of the House of Representatives shall appoint two members to the council who are members of the House of Representatives.

(b) The President of the Senate shall appoint two members to the council who are members of the Senate.

(c) Members of the Legislative Assembly appointed to the council are nonvoting members and may act in an advisory capacity only.

(3) The presiding officer of the Oregon Business Development Commission shall serve as an ex officio, nonvoting member of the council.

(4) The term of office of each appointed voting member of the council is three years, but an appointed member serves at the pleasure of the appointing authority. Before the expiration of the term of an appointed voting member, the appointing authority shall appoint a successor whose term begins on July 1 next following. An appointed member is eligible for reappointment for two additional terms. If there is a vacancy for any cause, the appointing authority shall make an appointment to become immediately effective for the remainder of the unexpired term.

(5) A majority of the actual membership of the council at the time of a meeting constitutes a quorum for the transaction of business.

(6) Official action by the council requires the approval of a majority of the actual membership of the council at the time of the meeting.

(7) The council shall meet at least four times per fiscal year at a place, day and time determined by the chairperson. The council may also meet at other times and places specified by a call of the chairperson or by written request of a majority of the voting members of the council.

(8) The council may adopt rules necessary for the operation of the council.

(9) The council shall establish an audit committee that shall monitor performance of council contracts and of any grant agreement for an amount in excess of $150,000.

(10) The council may establish other committees and delegate to the committees duties as the council considers desirable.

(11) The Oregon Business Development Department shall provide staff support to the council.

(12) Members of the council who are members of the Legislative Assembly are entitled to compensation and expense reimbursement as provided in ORS § 171.072.

(13) Members of the council who are not members of the Legislative Assembly are entitled to compensation and expenses incurred by them in the performance of their official duties in the manner and amounts provided for in ORS § 292.495. Claims for compensation and expenses of members of the council who are public officers shall be paid out of funds appropriated to the public agency that employs the member. Claims for compensation and expenses of members of the council who are not public officers shall be paid out of funds appropriated to the Oregon Business Development Department for that purpose.

(14) All agencies of state government, as defined in ORS § 174.111, are directed to assist the council in the performance of its duties and, to the extent permitted by laws relating to confidentiality, to furnish such information and advice as the members of the council consider necessary to perform their duties. [2005 c.748 § 2; 2007 c.804 § 85; 2011 c.272 § 13; 2011 c.610 § 2; 2012 c.90 21,31; 2013 c.230 4,5; 2013 c.732 § 7; 2013 c.747 § 206; 2013 c.768 § 177; 2015 c.196 § 1; 2015 c.682 § 9; 2017 c.297 § 42; 2017 c.532 § 14; 2019 c.131 § 2]

 

[1985 c.814 § 11; 1991 c.488 § 8; 1993 c.210 § 17; repealed by 1999 c.274 § 22]