Relating to funding for educational options; declaring an emergency.

Establishes Oregon Empowerment Scholarship Program for purpose of providing options in education to students of this state. 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 from General Fund to Department of Education for payment of department's expenses under program. Establishes Treasurer Empowerment Account. Continuously appropriates moneys from General Fund to State Treasurer for payment of treasurer's expenses under program. Establishes Oregon Empowerment Scholarship Account with State School Fund. Continuously appropriates moneys to Department of Education for purpose of making transfers under program. Declares emergency, effective on passage.