For the purpose of performing the functions set forth in ORS § 268.310 (3), the district, when authorized at any properly called election held for such purpose, shall have the power to levy an ad valorem tax on all taxable property within its boundaries not to exceed in any one year one-half of one percent (0.005) of the real market value of all taxable property within the boundaries of such district, computed in accordance with ORS § 308.207. [1975 c.510 § 3; 1991 c.459 § 368; 1997 c.833 § 9]

268.315 was enacted into law by the Legislative Assembly but was not added to or made a part of ORS Chapter 268 or any series therein by legislative action. See Preface to Oregon Revised Statutes for further explanation.