2013 Oregon Revised Statutes
Volume : 09 - Education and Culture
Chapter 351 - Higher Education Generally
Section 351.210 - Disposition of unnecessary equipment, goods, supplies, material and information technology; disposition of proceeds.

(1) The State Board of Higher Education may sell or otherwise dispose of any worn out, obsolete or otherwise unsuitable equipment, goods, supplies, material or information technology, the disposal of which would in the board's judgment be to the financial benefit of the public universities under the board's control. This section does not apply to any equipment, goods, supplies, material or information technology encumbered by a certificate of participation.

(2) The proceeds from any sales or disposals made pursuant to authority granted in this section shall be deposited in a designated account in the Oregon University System Fund established by ORS 351.506 and may be expended by the board for any purpose authorized by law in the same manner as the board is authorized to make other expenditures. [Amended by 2003 c.674 §9; 2009 c.762 §8; 2011 c.637 §49]