ORS 342.147
Sections 4 and 5, chapter 756, Oregon Laws 2015, provide:
Sec. 4. Teacher Education Program Accreditation Account. (1) The Teacher Education Program Accreditation Account is established in the State Treasury, separate and distinct from the General Fund. Interest earned by the Teacher Education Program Accreditation Account shall be accredited to the account.
(2) Moneys in the Teacher Education Program Accreditation Account are continuously appropriated to the Teacher Standards and Practices Commission to award grants to educator preparation programs for the purpose of having the programs accredited by the organization described in ORS 342.147 (3)(a)(A), as amended by section 8, chapter 756, Oregon Laws 2015, section 2, chapter 317, Oregon Laws 2017, and section 9 of this 2021 Act. [2015 c. 756, § 4; 2015 c. 756, § 10; 2021 c. 518, § 10]
Sec. 5. Abolishment of account. (1) The Teacher Education Program Accreditation Account established by section 4, chapter 756, Oregon Laws 2015, is abolished on July 1, 2025.
(2) Any moneys remaining in the account on July 1, 2025, that are unexpended, unobligated and not subject to any conditions shall be transferred to the General Fund on July 1, 2025. [2015 c. 756, § 5; 2021 c. 518, § 11]