2011 Oregon Revised Statutes
ORS Volume 9, Chapters 326 - 365
ORS Chapter 334
334.820 Regional Educational Services Account; limitations; transfers.

(1) The Regional Educational Services Account is established in the State Treasury, separate and distinct from the General Fund. Interest earned by the Regional Educational Services Account shall be credited to the account. Except as limited by subsection (2) of this section, moneys in the account are continuously appropriated to the Office of Regional Educational Services.

(2) The Office of Regional Educational Services may expend or otherwise obligate no more than $500,000 per biennium from the Regional Educational Services Account. The Director of the Office of Regional Educational Services shall establish a schedule that allows for the periodic transfer of moneys in the account that are in excess of the moneys allowed to the Office of Regional Educational Services under this subsection. Transfers shall be made to the State School Fund for distribution to school districts as provided by ORS 327.013 and this section.

(3) On June 30 of each odd-numbered year, all moneys in the account that are unexpended, unobligated and not subject to any conditions shall transfer to the State School Fund for distribution to school districts as provided by ORS 327.013 and this section.

(4) For the purpose of distributions made as provided by this section, the Superintendent of Public Instruction:

(a) May not include any amounts transferred to the State School Fund under this section when making calculations described in ORS 327.019 (3)(a).

(b) May not distribute to education service districts or the Office of Regional Educational Services any moneys transferred to the State School Fund as provided by this section.

(c) Shall distribute to school districts any moneys received under this section based on the schedule described in ORS 327.095. [2011 c.705 32]

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