Oregon Statutes 550.300 – Financing construction, operation or maintenance of district works; local option taxes prohibited
Current as of: 2023 | Check for updates
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(1) The board of directors may finance the construction, operation or maintenance of district works by the following means:
Terms Used In Oregon Statutes 550.300
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
(a) Assessments made under ORS § 550.310 against the benefited lands in the district, with or without the issuance of works bonds.
(b) Service and user charges imposed under ORS § 550.330, with or without the issuance of revenue bonds.
(c) Issuance of general obligation bonds under ORS § 550.340.
(d) Any other means authorized by law.
(e) Any combination of the means described in this section.
(2) Notwithstanding subsection (1) of this section, the board of directors may not levy local option taxes under ORS § 280.040 to 280.145. [2019 c.621 § 16; 2022 c.16 § 13]