Oregon Statutes 341.725 – Community College Capital Construction Fund
Current as of: 2023 | Check for updates
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(1) The Community College Capital Construction Fund is established in the State Treasury, separate and distinct from the General Fund. Interest earned on moneys in the Community College Capital Construction Fund shall be credited to the fund.
Terms Used In Oregon Statutes 341.725
- community college: means a public institution operated by a community college district for the purposes of providing courses of study limited to not more than two years' full-time attendance and designed to meet the needs of a geographical area by providing educational services, including but not limited to career and technical education programs or lower division collegiate programs. See Oregon Statutes 341.005
- State Treasury: includes those financial assets the lawful custody of which are vested in the State Treasurer and the office of the State Treasurer relating to the custody of those financial assets. See Oregon Statutes 174.100
(2) Moneys in the Community College Capital Construction Fund are continuously appropriated to the Higher Education Coordinating Commission and may be distributed by the commission for the purposes described in Article XI-G, section 1 (2), of the Oregon Constitution, pursuant to grant contracts entered into between the commission and community colleges under ORS § 286A.851. [2005 c.787 § 21; 2009 c.2 § 17; 2011 c.2 § 3; 2015 c.366 § 34; 2017 c.9 § 14]