(2) The board shall consist of:
(a) The State Treasurer or a designee of the State Treasurer;
(b) A representative of persons with intellectual disabilities or other developmental disabilities, who shall be appointed by the State Treasurer;
(c) A representative of accredited private colleges and universities located in this state, who shall be appointed by the State Treasurer; and
(d) Two public members, who by reason of their education and experience are qualified to serve, and who shall be appointed by the State Treasurer.
(3) The State Treasurer shall designate the board chairperson from among the members of the board. The chairperson shall serve at the pleasure of the State Treasurer.
(4) Members of the board appointed by the State Treasurer serve at the pleasure of the State Treasurer for a term of office of three years. Members of the board may be reappointed to subsequent terms.
(5) The State Treasurer shall provide staff and assistance to the board in the administration of the Oregon 529 Savings Network, including the qualified ABLE program established under ORS 178.380, as directed by the board.
(6) A member of the board is entitled to compensation and expenses as provided in ORS 292.495.
(7) A majority of the members of the board constitutes a quorum for the transaction of business. [Formerly 348.849]
Structure 2021 Oregon Revised Statutes
Volume : 05 - State Government, Government Procedures, Land Use
Chapter 178 - State Treasurer; Oregon Retirement Savings Plan; Oregon 529 Savings Network
Section 178.010 - Oath and bond.
Section 178.050 - Duties of State Treasurer.
Section 178.065 - Authority of State Treasurer to require fingerprints.
Section 178.200 - Oregon Retirement Savings Board.
Section 178.205 - Powers and duties of Oregon Retirement Savings Board; rules.
Section 178.210 - Requirements for Oregon Retirement Savings Plan.
Section 178.215 - Rules for Oregon Retirement Savings Plan.
Section 178.220 - Confidentiality of account information.
Section 178.225 - Oregon Retirement Savings Plan Administrative Fund.
Section 178.230 - Prerequisites to establishment of Oregon Retirement Savings Plan.
Section 178.250 - Compliance with plan; complaints.
Section 178.255 - Investigation by Commissioner of Bureau of Labor and Industries; civil penalty.
Section 178.260 - Final orders relating to compliance.
Section 178.300 - Definitions for ORS 178.300 to 178.360.
Section 178.305 - Oregon 529 Savings Network.
Section 178.310 - Oregon 529 Savings Board; membership.
Section 178.315 - Board powers and duties; rules.
Section 178.320 - Oregon 529 Savings Network Fund; College Savings Plan Subaccount; ABLE Subaccount.
Section 178.335 - Network participation for higher education expenses; contribution limits; fees.
Section 178.345 - Prohibitions and limitations on accounts for higher education expenses.
Section 178.355 - Withdrawals from accounts for higher education expenses; rules; report.
Section 178.375 - Definitions for ORS 178.375, 178.380 and 178.385.