Bill > SB768

This bill establishes a state matching program for agricultural research donations to the Oregon State University (OSU) Foundation, specifically targeting research on cereal grains. Under the bill, for every donation of $10,000 or more made directly to the OSU Foundation for agricultural research, the State of Oregon will contribute a 50% match, up to a maximum of $3,000,000 per biennial budget period. Donations can be made through a series of smaller contributions, but must total at least $10,000 to qualify for the state match. The Higher Education Coordinating Commission is required to establish an agreement with the OSU Foundation to verify donation amounts and ensure reporting accuracy. Additionally, the OSU Foundation must submit an annual report to the State Treasurer and Oregon Wheat Commission by October 1st, detailing the use of received donations and state funds, including a financial summary and review of research expenditure results. The bill appropriates $3,000,000 from the General Fund to the Higher Education Coordinating Commission specifically for this matching program, effective from July 1, 2025.

Budget and Finance, Education

https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/SB768