2013 ORS § 351.590¹
Account for student activities

(1) An account in the Oregon University System Fund established by ORS 351.506 (Oregon University System Fund) is designated for the purpose of receiving all revenue from incidental fees, optional fees, health services fees and all operating revenue from intercollegiate athletics, student unions and educational activities.

(2) Disbursements from the account designated by this section, including any interest credited to the account, may be made for necessary expenses for supplies, services and equipment associated with student activities including but not limited to recruiting, training and grant-in-aid to intercollegiate athletes.

(3) Income and interest derived from moneys in the account designated by this section are credited to the account. The State Board of Higher Education shall distribute annually the total interest earnings proportionately to each public university listed in ORS 351.011 (Oregon University System established) based on each universitys average cash balance in the account. [1975 c.558 §7; 1987 c.256 §1; 1989 c.966 §36; 1995 c.110 §7; 2003 c.674 §25; 2009 c.762 §15; 2011 c.637 §223; 2013 c.768 §69]

Note: The amendments to 351.590 (Account for student activities) by section 69, chapter 768, Oregon Laws 2013, become operative July 1, 2014. See section 171, chapter 768, Oregon Laws 2013. The text that is operative until July 1, 2014, is set forth for the users convenience.

351.590 (Account for student activities). (1) An account in the Oregon University System Fund established by ORS 351.506 (Oregon University System Fund) is designated for the purpose of receiving all revenue from incidental fees, optional fees, health services fees and all operating revenue from intercollegiate athletics, student unions and educational activities.

(2) Disbursements from the account designated by this section, including any interest credited to the account, may be made for necessary expenses for supplies, services and equipment associated with student activities including but not limited to recruiting, training and grant-in-aid to intercollegiate athletes.

(3) Income and interest derived from moneys in the account designated by this section are credited to the account. The State Board of Higher Education shall distribute annually the total interest earnings proportionately to each public university listed in ORS 352.002 (Public universities) based on each universitys average cash balance in the account.