Relating to assisting public post-secondary institutions of education receive federal grant moneys.

Establishes University Research Fighting Fund to provide state moneys to public universities or Oregon Health and Science University when universities seek federal research grants. Requires Higher Education Coordinating Commission to administer fund and establish process to determine which universities that request moneys should be awarded moneys from fund. Establishes criteria commission must use in awarding moneys from fund. Requires that no later than January 15 of each even-numbered year, Legislative Fiscal Officer shall report to Joint Interim Committee on Ways and Means on ending balance remaining following transfer of General Fund moneys to Oregon Rainy Day Fund. Requires that during each regular session held during even-numbered year, Legislative Assembly shall consider report and determine whether to transfer General Fund moneys to ensure University Research Fighting Fund has balance of $20,000,000. Establishes lower target for University Research Fighting Fund balance through biennium ending on June 30, 2023.