Establishes official name of open resources program as "Oregon's Open Educational Resources (OER) Program." Requires Higher Education Coordinating Commission to work regularly] collaborate with public universities and community colleges to analyze and evaluate effectiveness of previously adopted open educational resources, and] to increase number of open educational resources used in courses and that are transferable between public universities and community colleges and to convene, as necessary to enhance effectiveness of program, faculty from public universities, faculty from community colleges and outside experts. Appropriates $700,000] moneys from General Fund to fund open educational resources] program. Requires Higher Education Coordinating Commission to report to Legislative Assembly during each regular session held during odd-numbered year on amount of moneys open educational resources] program has saved students, and on] amount of moneys commission anticipates program will save students in future, evaluation of existing barriers preventing approval of more open educational resources, description of student evaluations of program and impact of collaboration with open educational resources programs operated in other states. Declares emergency, effective July 1, 2017.