Advance payments and reimbursements to districts of at least 40,000 for operation and construction costs
(1) For the purposes of carrying out the provisions of ORS 343.650 (Definitions for ORS 343.650 to 343.680) to 343.670 (Advance payment to districts) the Department of Education shall advance to or reimburse any common or union high school district with at least 40,000 average daily membership, as defined by ORS 327.006 (Definitions for State School Fund distributions), from funds specifically appropriated for such purposes, such amounts as may from time to time be certified by such district as required therefor.
(2) The certificate shall specify separately:
(a) The amounts required for operations; and
(b) The amounts required for construction of special schools or centers, or additions thereto.
(3) The amounts obtained for construction shall be related to progress of construction as determined by the district.
(4) Any amounts remaining unexpended and unobligated as of June 30 of the fiscal year or biennium for which they were appropriated shall revert to the General Fund. [1967 c.443 §3; 1981 c.487 §1; 1993 c.45 §239]
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