GO means general obligation bonds approved by voters for the (913) “Local Bonds” benefit of a District during the Funding Cycle for which the District applied for a State Matching Grant. School Capital Improvement Matching means an interest bearing (14) “Oregon Account” account established in the State Treasury, separate and distinct from the General Fund, that consists of net proceeds from Article XI-P bonds issued under Article XI-P (School District Capital Costs) of the Oregon Constitution. (10)15) School Capital Improvement Matching or “Oregon Program” “OSCIM Program” means the program created by Article XI-P of the Oregon Constitution and ORS 286A.769 to 286A.806. means the list created withby the Department each biennium pursuant (16) “Priority List” to ORS 286A.801 and the formula outlined in OAR 581-027-0010. Matching means the grant funds provided by the State through the (1117) “State Grant” OSCIM Program to match the proceeds of a Local GO Bonds. District’s in means the number of children, age 5 to 17, in families in (18) “Students Poverty” poverty as described by the Small Area Income Poverty Estimate published by the U.S. Census Bureau. means the list of Districts not initially awarded a State Matching Grant, (19) “Waiting List” based on either the position on the Priority List or the First in Time District’s District’s status, during any Funding Cycle. Stat. Auth.: Sections 2 and 5, Chapter 783, Oregon Laws 2015 (Enrolled Senate Bill 447). Stats. Implemented: Sections 2, 4 and 5, Chapter 783, Oregon Laws 2015 (Enrolled Senate Bill 447). OAR 581-027-0010 Calculations for Oregon School Capital Improvement Matching Program Priority List (1) TheFor each Funding Cycle, the Department of Education shall provide matching grants to school districtsState Matching Grants to Districts from designated resources in the Oregon School Capital Improvement Matching Account. The Department shall determine and apportion the amount of available resources among the Funding Cycles in each biennium. The total amount of State Matching Grant funds available and awarded by the Department may vary during each Funding Cycle. (2) Sixty percent (60%) of designated grant resources in the Oregon School Capital Improvement Matching Account shall be awarded based on a priority list established by the Department. the Priority List.
(913) “Local GO Bonds” means general obligation bonds approved by voters for the benefit of a District during the Funding Cycle for which the District applied for a State Matching Grant. (14) “Oregon School Capital Improvement Matching Account” means an interest bearing account established in the State Treasury, separate and distinct from the General Fund, that consists of net proceeds from Article XI-P bonds issued under Article XI-P (School District Capital Costs) of the Oregon Constitution. (10)15) “Oregon School Capital Improvement Matching Program” or “OSCIM Program” means the program created by Article XI-P of the Oregon Constitution and ORS 286A.769 to 286A.806. (16) “Priority List” means the list created withby the Department each biennium pursuant to ORS 286A.801 and the formula outlined in OAR 581-027-0010. (1117) “State Matching Grant” means the grant funds provided by the State through the OSCIM Program to match the proceeds of a District’s Local GO Bonds. (18) “Students in Poverty” means the number of children, age 5 to 17, in families in poverty as described by the Small Area Income Poverty Estimate published by the U.S. Census Bureau. (19) “Waiting List” means the list of Districts not initially awarded a State Matching Grant, based on either the District’s position on the Priority List or the District’s First in Time status, during any Funding Cycle. Stat. Auth.: Sections 2 and 5, Chapter 783, Oregon Laws 2015 (Enrolled Senate Bill 447). Stats. Implemented: Sections 2, 4 and 5, Chapter 783, Oregon Laws 2015 (Enrolled Senate Bill 447). OAR 581-027-0010 Calculations for Oregon School Capital Improvement Matching Program Priority List (1) TheFor each Funding Cycle, the Department of Education shall provide matching grants to school districtsState Matching Grants to Districts from designated resources in the Oregon School Capital Improvement Matching Account. The Department shall determine and apportion the amount of available resources among the Funding Cycles in each biennium. The total amount of State Matching Grant funds available and awarded by the Department may vary during each Funding Cycle. (2) Sixty percent (60%) of designated grant resources in the Oregon School Capital Improvement Matching Account shall be awarded based on a priority list established by the Department. the Priority List.