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Oregon Constitution Art. XI-P § 4

Current as of January 01, 2023 | Updated by Findlaw Staff

(1) There is created a school capital matching fund. Moneys in the fund may be invested and the earnings shall be retained in the fund or expended as provided by the Legislative Assembly.

(2) The Legislative Assembly may by law appropriate, allocate or transfer moneys or revenue to the school capital matching fund.

(3) The Legislative Assembly may appropriate, allocate or transfer moneys in the school capital matching fund and earnings on moneys in the fund for the purposes of providing:

(a) State matching funds to school districts to finance capital costs; and

(b) Payment of debt service for general obligation bonds issued pursuant to this Article.

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Cite this article: FindLaw.com - Oregon Constitution Art. XI-P § 4 - last updated January 01, 2023 | https://codes.findlaw.com/or/oregon-constitution/or-const-art-xi-p-sect-4/

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