ORS 327.856: High School Graduation and College and Career Readiness Fund; amounts available to fund.

(1) The High School Graduation and College and Career Readiness Fund is established in the State Treasury, separate and distinct from the General Fund, for the purposes of improving the graduation rates and college and career readiness of all high school students in Oregon. Interest earned by the High School Graduation and College and Career Readiness Fund shall be credited to the General Fund.

      (2)(a) The Legislative Assembly shall appropriate, allocate or otherwise make available to the High School Graduation and College and Career Readiness Fund an amount not less than $800 per high school student per school year.

      (b) The Department of Education, on behalf of the State of Oregon, may solicit and accept gifts, grants, donations and other moneys from public and private sources for the purposes of ORS 327.853 to 327.895. Moneys received under this paragraph shall be deposited in the High School Graduation and College and Career Readiness Fund.

      (3) The High School Graduation and College and Career Readiness Fund is continuously appropriated to the Department of Education for the purposes of ORS 327.853 to 327.895.