ORS 327.294¹
School Improvement Fund

(1) There is established the School Improvement Fund, separate and distinct from the General Fund. Interest earned by the School Improvement Fund shall be credited to the fund.

(2) The moneys in the fund are continuously appropriated to the Department of Education for purposes of the grant program created by ORS 327.297 (Grants for activities related to student achievement).

(3) Each fiscal year, the department shall distribute:

(a) 95.25 percent of the moneys in the fund as grants to school districts, the Youth Corrections Education Program and the Juvenile Detention Education Program; and

(b) 4.75 percent of the moneys in the fund as grants to education service districts. [2001 c.794 §2; 2007 c.578 §2]

1 Legislative Counsel Committee, CHAPTER 327—State Financing of Elementary and Secondary Education, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­ors327.­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. Currency Information