(b) The fund shall consist of moneys appropriated to the Higher Education Coordinating Commission for deposit into the fund, collections and penalties received by the Director of the Office of Student Access and Completion under ORS 442.545 and any donations or grants received by the commission for a purpose of the fund.
(c) Moneys in the fund are continuously appropriated to the commission for:
(A) Investments as provided by ORS 293.701 to 293.857;
(B) The payment of expenses of the commission in carrying out the purposes of ORS 348.250, 348.505 to 348.615, 348.696 and 348.992; and
(C) The purpose of carrying out the provisions of ORS 348.272.
(d) The commission shall use moneys in the fund for those purposes for which the moneys were provided to or received or collected by the commission.
(2) There is established in the State Treasury a fund, separate and distinct from the General Fund, to be known as the ASPIRE Program Fund. Moneys received from donations and grants shall be credited to the ASPIRE Program Fund. Moneys in the fund are continuously appropriated to the commission for the purposes of investment, as provided by ORS 293.701 to 293.857, and for carrying out the provisions of ORS 348.500. Interest earned by the fund shall be credited to the fund.
(3)(a) There is established in the State Treasury the Nursing Faculty Loan Repayment Fund, separate and distinct from the General Fund. Interest earned on the Nursing Faculty Loan Repayment Fund shall be credited to the fund. Moneys in the fund are continuously appropriated to the commission for carrying out ORS 348.440 to 348.448. The Nursing Faculty Loan Repayment Fund consists of:
(A) Moneys appropriated to the commission for the Nursing Faculty Loan Repayment Program created in ORS 348.444; and
(B) Grants, gifts or donations received by the commission for the program.
(b) Any unexpended funds in the fund at the end of a biennium shall be retained in the fund and may be expended in subsequent biennia. [Formerly 351.665; 1967 c.335 §41; 1967 c.430 §§6, 7; 1969 c.573 §4; 1975 c.520 §5; 1977 c.725 §10; 1981 c.209 §2; 1983 c.639 §1; 1987 c.48 §2; 1987 c.842 §18; 1989 c.966 §32; 1997 c.524 §5; 1999 c.704 §3; 2001 c.599 §6; 2001 c.730 §2; 2003 c.360 §§4,5; 2007 c.293 §§3,4; 2007 c.426 §§4,5; 2009 c.815 §4; 2011 c.358 §3; 2011 c.637 §174; 2011 c.642 §3; 2013 c.747 §118; 2015 c.513 §8; 2015 c.829 §5; 2017 c.17 §29; 2017 c.66 §49; 2019 c.384 §25]
Structure 2021 Oregon Revised Statutes
Volume : 09 - Education and Culture
Chapter 348 - Student Aid; Education Stability Fund; Planning
Section 348.005 - Policy on student financial aid.
Section 348.007 - Financial aid eligibility for students with modified or extended diplomas.
Section 348.015 - Definitions.
Section 348.105 - Loan obligations enforceable against minor.
Section 348.180 - Definitions.
Section 348.183 - Legislative intent.
Section 348.205 - Oregon Opportunity Grant program; rules.
Section 348.250 - Procedure for awarding grants under ORS 348.260.
Section 348.260 - Oregon Opportunity Grant; amount; renewal.
Section 348.266 - Opportunity Grant Fund.
Section 348.267 - Marketing of tax credit.
Section 348.268 - Scholarships for current or former members of National Guard; rules.
Section 348.270 - Scholarships for children of public safety officers.
Section 348.272 - Scholarships for current or former foster children.
Section 348.280 - Award of scholarships under ORS 348.270 and 348.272; rules.
Section 348.295 - Scholarships for culturally and linguistically diverse teacher candidates; rules.
Section 348.394 - Definitions for ORS 348.394 to 348.406.
Section 348.398 - Department of Education authority; grants; stipends; rules.
Section 348.401 - Grant eligibility; amount; employment requirement.
Section 348.403 - Stipend eligibility; amount.
Section 348.406 - Speech-Language Pathologist Training Fund.
Section 348.440 - Definitions for ORS 348.444 and 348.448.
Section 348.444 - Nursing Faculty Loan Repayment Program; rules.
Section 348.448 - Program eligibility; amount; eligibility period; adjustments to maximum amount.
Section 348.500 - Purpose; goals; financial aid instruction.
Section 348.511 - Office of Student Access and Completion; director.
Section 348.520 - Duties of director.
Section 348.563 - Authority of Higher Education Coordinating Commission to require fingerprints.
Section 348.570 - Funds in State Treasury.
Section 348.580 - Agreements with community foundations.
Section 348.582 - Definitions.
Section 348.586 - Prohibited promotional activities for institutions of higher education.
Section 348.592 - Loan cancellation insurance.
Section 348.594 - Definitions for ORS 348.594 to 348.615.
Section 348.597 - Applicability of ORS 348.594 to 348.615.
Section 348.604 - Exemption from ORS 348.594 to 348.615.
Section 348.605 - Restrictions and duties of exempted schools.
Section 348.608 - Certification by exempt school; suspension or revocation of exemption; appeal.
Section 348.612 - Probation or suspension or revocation of approval; rules; hearing.
Section 348.616 - Minimum criteria for certification of employer program; rules.
Section 348.621 - Requirements for tax credit certification application.
Section 348.696 - Education Stability Fund; investment; earnings; transfer of excess earnings.
Section 348.702 - Oregon Growth Account.
Section 348.716 - Oregon Education Fund; use; payment of education lottery bonds.
Section 348.748 - Short title.
Section 348.750 - Definitions; Open Educational Resources Grant Program.
Section 348.751 - Textbook affordability plan.
Section 348.752 - Coordination of OER Program.
Section 348.756 - Report on OER Program.
Section 348.910 - Applied baccalaureate degrees.
Section 348.950 - Education Commission of the States; members; dues.