Oregon § 286A.800 School capital matching bond program; rules

Oregon Statutes

§ 286A.800 — School capital matching bond program; rules

Oregon § 286A.800

Vol.7

Title 27Public Borrowing

Ch. 286ASTATE BORROWING

This text of Oregon § 286A.800 (School capital matching bond program; rules) is published on Counsel Stack Legal Research, covering Oregon primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Or. Rev. Stat. § 286A.800 (2026).

Text

(1)The State Board of Education shall establish by rule a program to provide school districts with matching fund grants or loans for the capital costs of school districts financed with the net proceeds of Article XI-P bonds issued under ORS 286A.796 to 286A.806. The state board shall establish, by rule, ratios for matching local moneys with grants, and ratios for matching local moneys with loans.

(2)The Department of Education, subject to rules adopted by the state board:

(a)May provide matching funds only to a school district that has received voter approval for local general obligation bonds to finance capital costs.

(b)May not provide financing through grants or loans to finance operating costs of school districts.

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(1) The State Board of Education shall establish by rule a program to provide school districts with matching fund grants or loans for the capital costs of school districts financed with the net proceeds of Article XI-P bonds issued under ORS 286A.796 to 286A.806. The state board shall establish, by rule, ratios for matching local moneys with grants, and ratios for matching local moneys with loans.
(2) The Department of Education, subject to rules adopted by the state board:
(a) May provide matching funds only to a school district that has received voter approval for local general obligation bonds to finance capital costs.
(b) May not provide financing through grants or loans to finance operating costs of school districts.