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Current as of January 01, 2023 | Updated by Findlaw Staff
The Oregon Health and Science University Board of Directors shall adopt a policy that prescribes the requirements for a venture grant program and the requirements that a grant applicant must meet in order to receive grant moneys from the university venture development fund operated by Oregon Health and Science University, including requirements:
(1) That a grant recipient remain within this state for at least five years following the receipt of a grant or repay the grant plus interest;
(2) That the university report amounts of tax credit certificates issued by the university and cease issuing certificates until the total amount owed to the General Fund by the university at any one time under ORS 350.550 (6) does not exceed $2.4 million; and
(3) That the university maintain records of income realized by the university as the result of grants made from the fund and records of amounts paid to the General Fund.
Cite this article: FindLaw.com - Oregon Revised Statutes Education and Culture § 353.445 - last updated January 01, 2023 | https://codes.findlaw.com/or/title-30-education-and-culture/or-rev-st-sect-353-445/
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