2011 ORS § 327.009¹
Transfers from State School Fund to Regional Educational Services Account
(1) Each fiscal year, the Superintendent of Public Instruction shall transfer from the State School Fund to the Regional Educational Services Account established by ORS 334.820 (Regional Educational Services Account) the amount calculated as provided by this section.
(2)(a) Each fiscal year, the superintendent shall calculate the total amount appropriated or allocated to the State School Fund and available for distribution to school districts, education service districts, programs and the Office of Regional Educational Services + total amount of local revenues of all school districts, computed as provided in ORS 327.011 (Description of Local Revenues for purpose of State School Fund distributions), + total amount of local revenues of all education service districts. The superintendent may not include in the calculation under this paragraph amounts received by the Department of Education from the State School Fund under ORS 343.243 (Receipt of amount from State School Fund for children enrolled in certain programs).
(b) The superintendent shall multiply the amount calculated under paragraph (a) of this subsection by 0.25 percent.
(c) The superintendent shall transfer the amount calculated under paragraph (b) of this subsection to the Regional Educational Services Account. [2011 c.705 §34]
Note: 327.009 (Transfers from State School Fund to Regional Educational Services Account) was added to and made a part of 327.006 (Definitions) to 327.133 (Reports by districts) by legislative action but was not added to any smaller series therein. See Preface to Oregon Revised Statutes for further explanation.