Chapter 488 Oregon Laws 2007
AN ACT
SB 211
Relating to school finance; creating new provisions; amending ORS
327.008; and declaring an emergency.
Be It Enacted by the People of
the State of Oregon:
SECTION 1.
ORS 327.008, as amended by section 6a, chapter 803, Oregon Laws 2005, is
amended to read:
327.008. (1) There is
established a State School Fund in the General Fund. The fund shall consist of
moneys appropriated by the Legislative Assembly and moneys transferred from the
Education Stability Fund. The State School Fund is continuously appropriated to
the Department of Education for the purposes of ORS 327.006 to 327.077,
327.095, 327.099, 327.101, 327.125, 327.137, 327.348, 327.355, 327.357,
327.360, 336.575, 336.580, 336.635, 342.173, 343.243, 343.533 and 343.961.
(2) There shall be
apportioned from the State School Fund to each school district a State School
Fund grant, consisting of the positive amount equal to a general purpose grant
and a facility grant and a transportation grant and a high cost disabilities
grant minus local revenue, computed as provided in ORS 327.013.
(3) There shall be
apportioned from the State School Fund to each education service district a
State School Fund grant as calculated under ORS 327.019.
(4) All figures used in
the determination of the distribution of the State School Fund shall be
estimates for the same year as the distribution occurs, unless otherwise
specified.
(5) Numbers of students
in average daily membership used in the distribution formula shall be the
numbers as of June of the year of distribution.
(6) A school district
may not use the portion of the State School Fund grant that is attributable to
the facility grant for capital construction costs.
(7) The total amount of
the State School Fund that is distributed as facility grants may not exceed $25
million in any biennium. If the total amount to be distributed as facility
grants exceeds this limitation, the Department of Education shall prorate the
amount of funds available for facility grants among those school districts that
qualified for a facility grant.
(8) Each fiscal year,
the Department of Education shall transfer the amount of [$12] $18 million from the State School Fund to the High Cost
Disabilities Account established in ORS 327.348.
(9) Each fiscal year,
the Department of Education shall transfer the amount of $2.5 million from the
State School Fund to the Small School District Supplement Fund established in
ORS 327.360.
SECTION 2. The
amendments to ORS 327.008 by section 1 of this 2007 Act apply to State School
Fund distributions commencing with the 2007-2008 distribution.
SECTION 3. This
2007 Act being necessary for the immediate preservation of the public peace,
health and safety, an emergency is declared to exist, and this 2007 Act takes
effect July 1, 2007.
Approved by the Governor June 20, 2007
Filed in the office of Secretary of State June 21, 2007
Effective date July 1, 2007
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