Establishes official name of open resources program as "Oregon's Open Educational Resources (OER) Program." Requires Higher Education Coordinating Commission to regularly convene faculty, staff and librarians from public universities and community colleges for purpose of coordinating program in specified manner. Appropriates moneys from General Fund to fund program. Requires Higher Education Coordinating Commission to report to Legislative Assembly during each regular session held during odd-numbered year on summary of current status of program, amount of moneys program has saved students, amount of moneys commission anticipates program will save students in future and evaluation of existing barriers preventing approval of more open educational resources. Declares emergency, effective July 1, 2017.