ORS 353.556
Purpose

  • policy
  • findings
  • intent

(1)

The purpose of ORS 353.550 (Definitions for ORS 353.550 to 353.559 and sections 10, 12, 14, 16 and 18, chapter 921, Oregon Laws 2001) to 353.559 (Creation) and sections 10, 12, 14, 16 and 18, chapter 921, Oregon Laws 2001, is to directly or indirectly finance Oregon Health and Science University’s Oregon Opportunity program.

(2)

It is the policy of the State of Oregon that, in order to capture the health and economic benefits of the coming biotechnology boom for all Oregonians, the state enter into a partnership with Oregon Health and Science University to enhance medical research.

(3)

The Legislative Assembly finds that:

(a)

Oregon should take advantage of research breakthroughs in biomedicine, health care and technology that are opening an unprecedented new era. Research advances will someday show scientists how to block or replace genes that cause disease. The state should seize the opportunity to provide all Oregonians access to leading edge therapies and procedures.

(b)

Research breakthroughs are expected to fuel tremendous economic growth, and Oregon must be poised to capitalize on these breakthroughs. Biotechnology is likely to be the next great economic engine in the United States, and the state should take positive action to ensure Oregon’s participation in this emerging and important industry. A public commitment to biomedical and related research in Oregon is necessary to drive the formation, expansion and proliferation of biotechnology companies that will commercialize myriad new treatments, medications, biomedical equipment and other technology.

(c)

The state should support Oregon Health and Science University in its efforts to continue to grow as a research power and an economic engine. Biomedical and technology research is necessary to create intellectual property, which serves as the raw material for biotechnology companies. The state should assist Oregon Health and Science University in securing the needed infrastructure to attain a critical mass of research talent in order to maximize the number of commercially viable discoveries.

(d)

There is a limited window of opportunity to capitalize on the surge in biotechnology growth, stemming from the completion of the United States Human Genome Project.

(4)

It is the intent of the Legislative Assembly that:

(a)

Oregon Health and Science University pursue the Oregon Opportunity program in a manner that is consistent with the public missions stated in ORS 353.030 (Public policy of university) (2), which directs the university to strive for excellence in education, research, clinical practice, scholarship and community service while maintaining compassion, personal and institutional integrity and leadership in carrying out its missions;

(b)

The Oregon Opportunity program benefit all Oregonians through increased medical research and sustainable economic development from biotechnology and related fields; and

(c)

The State Treasurer shall issue pursuant to a grant agreement, as soon as practicable, general obligation bonds during the 2001-2003 and 2003-2005 biennia in an aggregate principal amount that produces net proceeds for the Oregon Opportunity program in an amount equal to $200 million plus the amount of any costs and expenses of issuing the bonds.

(5)

To maximize the benefits of low interest tax-exempt bonds, costs of the Oregon Opportunity program may be financed directly or indirectly by the state. [2001 c.921 §4; 2001 c.921 §4a]

Source: Section 353.556 — Purpose; policy; findings; intent, https://www.­oregonlegislature.­gov/bills_laws/ors/ors353.­html.

353.010
Definitions
353.020
Oregon Health and Science University as public corporation
353.030
Public policy of university
353.035
Certain laws to be liberally construed
353.040
Board of directors
353.050
Powers and duties of board and university officials
353.060
President of university
353.070
Products of individuals with disabilities
353.080
Report on activities and operations
353.100
Applicability of laws to university
353.108
Real property and facilities utilized by university
353.110
Authority to acquire private property
353.117
Creation of tax-exempt entity by university
353.120
Adoption of alcohol and drug abuse policy
353.123
Authority regarding resident tuition and scholarships
353.125
Creation of police department and commission of police officers
353.130
Public contracts
353.140
Funding request
353.160
Audits
353.180
Student education records
353.190
Effect of student religious beliefs on admission and attendance
353.200
Rights of students ordered to active duty
353.202
Credit for room, board, tuition and fees for students ordered to active duty
353.205
Credit for education and training received while serving in Armed Forces
353.210
Purpose
353.250
Alternative retirement programs
353.260
Personnel records
353.270
Compensation of officers and employees
353.280
Faculty
353.290
Reductions in faculty
353.300
Political or sectarian test prohibited in appointment of faculty or employees
353.330
Effect of law on bonds, certificates of participation or agreements for borrowing money
353.340
Issuance and sale of revenue bonds by university
353.350
Revenue bonds considered bonds of political subdivision
353.360
Refunding bonds
353.370
Notice to Legislative Assembly required if shortfall in moneys exists for payment of amounts under bonds, certificates of participation or agreements for borrowing money
353.380
Definitions for ORS 353.380 to 353.420
353.390
Authority
353.400
Delegation of board authority
353.410
University powers regarding financing agreements and credit enhancement agreements
353.420
Effect of financing agreement on tax status
353.440
Coordination of programs
353.445
Venture grant program
353.450
Area Health Education Center program
353.455
Family medicine residency network
353.460
Oregon Institute of Occupational Health Sciences
353.470
Funding of institute
353.480
Pediatric dental residency program
353.485
Oregon Psychiatric Access Line program
353.550
Definitions for ORS 353.550 to 353.559 and sections 10, 12, 14, 16 and 18, chapter 921, Oregon Laws 2001
353.553
Short title
353.556
Purpose
353.559
Creation
353.600
Definitions for ORS 353.600 to 353.612
353.603
Grant distribution
353.606
Oregon Nursing Shortage Coalition Committee
353.609
Duties of committee
353.612
Nursing Education Grant Fund
Green check means up to date. Up to date