ORS 326.540¹
Revenue from intellectual property
  • Board of Education Invention Fund
  • purpose

(1) Moneys received by the State Board of Education as a result of ownership or management of property acquired under ORS 326.520 (Acquisition of intellectual property by board) or of transactions regarding such property shall be deposited in the State Treasury and credited to a special fund separate and distinct from the General Fund to be known as the Board of Education Invention Fund.

(2) The moneys in the Board of Education Invention Fund are continuously appropriated to the board for the following purposes:

(a) To pay the agreed share of an assignor of intellectual property.

(b) For the advancement of research in an institution under its control.

(c) For the acquisition, management or development of intellectual property. [Formerly 326.106; 2005 c.755 §18]

1 Legislative Counsel Committee, CHAPTER 326—State Administration of Education, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­ors326.­html (2019) (last ac­cessed May 16, 2020).
2 OregonLaws.org contains the con­tents of Volume 21 of the ORS, inserted along­side the per­tin­ent statutes. See the preface to the ORS An­no­ta­tions for more information.
3 OregonLaws.org assembles these lists by analyzing references between Sections. Each listed item refers back to the current Section in its own text. The result reveals relationships in the code that may not have otherwise been apparent.
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