Oregon Statutes 294.321 – Purposes
The purposes of ORS § 294.305 to 294.565 are:
Terms Used In Oregon Statutes 294.321
- Appraisal: A determination of property value.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
(1) To establish standard procedures for the preparation, presentation, administration and appraisal of budgets of municipal corporations;
(2) To provide for a brief description of the programs of a municipal corporation and the fiscal policy which is to accomplish these programs;
(3) To provide for estimation of revenues, expenditures and proposed taxes;
(4) To provide specific methods for obtaining public views in the preparation of fiscal policy;
(5) To provide for the control of revenues and expenditures for the promotion of efficiency and economy in the expenditure of public funds; and
(6) To enable the public, taxpayers and investors to be apprised of the financial policies and administration of the municipal corporation in which they are interested. [1963 c.576 § 2; 1997 c.308 § 4; 1997 c.541 § 323]