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2017 Oregon Revised Statutes
Volume : 07 - Public Facilities, Finance
Chapter 267 - Mass Transit Districts; Transportation Districts
Section 267.310 - Revolving fund; authority to levy ad valorem taxes for fund.
Universal Citation: OR Rev Stat § 267.310 (2017)
For the purpose of establishing a revolving fund to provide money to finance the planning and construction, acquisition, purchase or lease of a mass transit system, a district board may levy an ad valorem tax of not to exceed in any one year three-twentieth 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.643 §27; 1991 c.459 §364]
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