HB 3420
Requires the Department of Education to transfer from the State School Fund to the Talented and Gifted Education Account an amount that equals one percent of the total amount available to school districts as general purpose grants.
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill directs the Oregon Department of Education to transfer one percent of available general purpose grant funds from the State School Fund to the Talented and Gifted Education Account. It establishes this new account and prescribes how it will be distributed. The bill also declares an emergency, effective July 1, 2025.
Key provisions
- Transfers one percent of general purpose grant funds from the State School Fund to the Talented and Gifted Education Account.
- Establishes the Talented and Gifted Education Account.
- Prescribes the distribution of funds within the Talented and Gifted Education Account.
- Requires the Department of Education to solicit and accept gifts, grants, and donations for the Talented and Gifted Education Account.
- Amends ORS 327.008, 327.008 (1)(a), (b), (c), (d), (2), (3), (4), (5), (6), (7), (8), (9), (10), (11), (12), (13), (14), (15) and (16) to reflect the changes.
- Amends ORS 343.395, 343.401, 343.404 and 343.411 to align with the new funding mechanism.
- Specifies that the transfer from the State School Fund is continuous appropriation.
- Requires the Department of Education to transfer $55 million from the State School Fund to the High Cost Disabilities Account annually.
Who is affected
- School districts
- Oregon Department of Education
- Students (specifically those identified as talented and gifted)
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