(at the request of Governor Theodore R. Kulongoski)
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Bill Title:
Relating to education; appropriating money; declaring an emergency.
Catchline/Summary:
Directs Legislative Assembly to appropriate to public education programs, funds and agencies amount that is not less than greater of 61 percent of projected revenues in General Fund or 110 percent of amount appropriated from prior biennium. Directs Legislative Assembly to appropriate to public education programs, funds and agencies amount that is not less than greater of 61 percent of projected revenues in General Fund beginning with 2007-2009 biennium] or 110 percent of amount appropriated from prior biennium. Requires that subsequent] biennial appropriations for each program, fund or agency be not less than 110 percent of amount appropriated for prior biennium. Limits amount] Specifies minimum and maximum amounts of moneys that may be appropriated to State School Fund.
Applies to appropriations made for biennia beginning on or after July 1, 2009.
Directs Legislative Assembly to distribute amount above 10 percent growth to Education Opportunity and Innovation Fund and Education Stability Fund.
Establishes Education Opportunity and Innovation Fund.
Establishes Prekindergarten Through Grade 12 Successful Schools] Changes name of School Improvement Fund to School Improvement Account within Education Opportunity and Innovation Fund. Continuously appropriates moneys in account to Department of Education for grants to school districts.
Establishes Post-Secondary Academic and Workforce Investment Account within Education Opportunity and Innovation Fund. Continuously appropriates moneys in account for distribution for higher education purposes.
Directs Joint Boards of Education to adopt rules for grants awarded from accounts] account.
Directs Oregon Department of Administrative Services to prepare computations and estimates of revenue received and projected revenue.
Directs Joint Boards of Education to recommend performance measures on accountability and quality for public education programs, funds and agencies.
Declares emergency, effective July 1, 2007.
Chapter Number:
Fiscal Impact:
May Have Fiscal Impact, But No Statement Yet Issued
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HB 2214 House Committee On Elections, Ethics and Rules
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