Residency for purpose of distribution of state aid. (1) The provisions of ORS 341.487 shall not apply to admissions arranged under ORS 350.750

(2) For purposes of ORS 341.626, and notwithstanding ORS 341.487, students who are residents of Idaho, Washington, California and Nevada and students admitted pursuant to ORS 350.750 shall be considered as residents of Oregon. [Formerly 341.528]