Oregon § 350.540 Venture grant program; applicant requirements

Oregon Statutes

§ 350.540 — Venture grant program; applicant requirements

Oregon § 350.540

Vol.9

Title 30Education and Culture

Ch. 350Statewide Coordination of Higher Education

This text of Oregon § 350.540 (Venture grant program; applicant requirements) 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. § 350.540 (2026).

Text

The governing board of a public university listed in ORS 352.002 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 the 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 at any one time under ORS 350.550 (6) does not exceed $8.4 million and is allocated as provided in section 6, chapter 31, Oregon Laws 2016; and

(3)That the

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The governing board of a public university listed in ORS 352.002 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 the 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 at any one time under ORS 350.550 (6) does not exceed $8.4 million and is allocated as provided in section 6, chapter 31, Oregon Laws 2016; 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.