State officials say Oregon College Savings Plan investors will see their share of a $20 million legal settlement deposited in their accounts in March. State Treasury Department spokesman James Sinks also said Friday that the plan will start offering new and expanded investment choices in late March.

The state reached the settlement with OppenheimerFunds Inc. in November over losses that investors in Oregon’s 529 college savings plan suffered in Oppenheimer’s Core Bond Fund. The state contended that fund managers took inappropriate risks for those saving conservatively for college. An estimated 45,000 families will share in the settlement.