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Current as of January 01, 2023 | Updated by FindLaw Staff
(1) There is established the Oregon 529 Savings Board to administer ORS 178.300 to 178.355, 178.375 and 178.380.
(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.
Cite this article: FindLaw.com - Oregon Revised Statutes Executive Branch; Organization § 178.310 - last updated January 01, 2023 | https://codes.findlaw.com/or/title-18-executive-branch-organization/or-rev-st-sect-178-310/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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