PORTLAND - At the end of December, the Division of State Lands distributed nearly $25 million from the Common School Fund, including a one-time supplemental distribution of $17.7 million for use by kindergarten through 12th-grade schools.
The supplemental distribution was ordered earlier this year by the third special session of the legislature. The funds come from revenue deposited in the Common School Fund during the past 50 years from activities such as waterway leases, permit fees and fines. The remaining $7.3 million allocation comes from earnings on the CSF. County treasurers will forward the funds to school districts within two weeks of receipt.
The Oregon Constitution established the State Land Board as trustee of the Common School Fund. DSL is the administrative agency of the State Land Board, composed of the Oregon Governor, Secretary of State and State Treasurer. At statehood, the federal government granted Oregon roughly 6 percent of the new state's land for the use of schools. The Constitution dedicated the school land and their mineral, timber and other resources to the Common School Fund.
For more information, contact Monte Turner at (503) 378-3805, extension 247.