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Oregon Revised Statutes Education and Culture § 359.426

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

(1) Under the direction of the Trust for Cultural Development Board, each fiscal year the Arts Program shall disburse no less than 50 percent, but no more than 60 percent, of all moneys raised for and deposited in the Trust for Cultural Development Account during the previous fiscal year, and all interest earned on the moneys, as of July 1.

(2)(a) The Arts Program may use up to $400,000 of the total amount disbursed from the account per fiscal year under subsection (1) of this section for:

(A) Supporting the operations of the account;

(B) Facilitating technical assistance;

(C) Local cultural planning; and

(D) Other activities that encourage cultural activity.

(b) Each year, the $400,000 limitation contained in paragraph (a) of this subsection shall be adjusted by multiplying $400,000 by the percentage, if any, by which the monthly averaged U.S. City Average Consumer Price Index for All Urban Consumers (All Items), as published by the Bureau of Labor Statistics of the United States Department of Labor, for the 12 consecutive months ending June 30 of the current calendar year, exceeds the monthly averaged U.S. City Average Consumer Price Index for the 12 consecutive months ending June 30, 2015.

(3) The amount determined under subsection (1) of this section, less the amount authorized under subsection (2) of this section, shall be distributed as follows:

(a) 50 percent to the preservation of, stabilization of and investment in Oregon's cultural resources through the Cultural Development Grant Program as provided under ORS 359.431.

(b) 25 percent to Oregon's counties and to the nine federally recognized Indian tribes through the Community Cultural Participation Grant Program as provided under ORS 359.436.

(c) 25 percent to the core partner agencies as provided under ORS 359.441.

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Cite this article: FindLaw.com - Oregon Revised Statutes Education and Culture § 359.426 - last updated January 01, 2023 | https://codes.findlaw.com/or/title-30-education-and-culture/or-rev-st-sect-359-426/

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