(1) There is established an Educational Facilities Fund, separate and distinct from the General Fund. All tuition and fees collected under ORS § 346.017 and all expenses incurred in the administration of ORS § 346.017 shall be deposited to and borne by the fund. Interest earned by the fund shall be credited to the fund.

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(2) The moneys in the fund are appropriated continuously to the Department of Education for purposes of the school operated under ORS § 346.010. [1997 c.93 § 2; 2007 c.858 § 75; 2009 c.562 § 28]