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2023 Oregon Revised Statutes
Volume : 12 - Public Health
Chapter 450 - Sanitary Districts and Authorities; Water Authorities
Section 450.120 - Debt limitations.
Universal Citation:
OR Rev Stat § 450.120 (2023)
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The total outstanding district bonds of all types, including improvement bonds of the kind authorized by ORS 223.205 and 223.210 to 223.295, shall at no time exceed in the aggregate 13 percent of the real market value of all taxable property within the district, computed in accordance with ORS 308.207. [Amended by 1955 c.612 §1; 1963 c.9 §27; 1991 c.459 §402]
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