Oregon Common School Fund
Encyclopedia
The Oregon Common School Fund is part of the budget of the U.S. state of Oregon
. It derives from the use of state lands dedicated to public schools
. The Oregon State Land Board, composed according to the Oregon Constitution
of the Governor, Secretary of State, and Treasurer of Oregon, has responsibility for managing the fund.
, the fund's principal was valued at $1,169,000,000. Since 2000, annual disbursements have varied from as low as $13.3 million (in 2004) to $48.5 million (in 2007).
Oregon
Oregon is a state in the Pacific Northwest region of the United States. It is located on the Pacific coast, with Washington to the north, California to the south, Nevada on the southeast and Idaho to the east. The Columbia and Snake rivers delineate much of Oregon's northern and eastern...
. It derives from the use of state lands dedicated to public schools
Oregon Department of State Lands
The Department of State Lands , one of the oldest agencies of government of the U.S. state of Oregon, is principally responsible for the management of lands under state ownership, as its name implies. Unlike most other department-level state agencies, it is not headed by a sole elected official,...
. The Oregon State Land Board, composed according to the Oregon Constitution
Oregon Constitution
The Oregon Constitution is the governing document of the U.S. state of Oregon, originally enacted in 1857. As amended the current state constitution contains eighteen sections, beginning with a bill of rights. This contains most of the rights and privileges granted in the United States Bill of...
of the Governor, Secretary of State, and Treasurer of Oregon, has responsibility for managing the fund.
, the fund's principal was valued at $1,169,000,000. Since 2000, annual disbursements have varied from as low as $13.3 million (in 2004) to $48.5 million (in 2007).