Relating to funding for educational options; declaring an emergency.

Establishes Oregon Empowerment Scholarship Program for purpose of providing options in education to students. Establishes qualifications for participation in program, qualified expenses under program and transfers of moneys made under program. Restricts number of students from each school district who may enroll in program for first 10 years. Establishes Department of Education Empowerment Account. Continuously appropriates moneys in account to Department of Education for purpose of paying expenses of department related to program. Establishes Treasurer Empowerment Account. Continuously appropriates moneys in account to State Treasurer for purpose of paying expenses of State Treasurer related to program. Establishes Oregon Empowerment Scholarship Account within State School Fund. Continuously appropriates moneys in account to Department of Education for purpose of making transfers related to program. Declares emergency, effective on passage.