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2011 Oregon Revised Statutes
ORS Volume 13, Chapters 536 - 644
ORS Chapter 552
552.635 Levy to establish revolving fund; use of fund.


OR Rev Stat § 552.635 (through Leg Sess 2011) What's This?

For the purpose of establishing a revolving fund to provide money to finance the planning and construction of district works, a district board may levy an ad valorem tax of not to exceed in any one year three-twentieths of one percent (0.0015) of real market value of all taxable property within the district. The revenue derived from such taxes shall be credited to a revolving fund, and shall be disbursed by the district board and used only for the purpose for which levied. [1969 c.606 46; 1991 c.459 429]

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