Oregon
Rule Rule 123-020-0125
Viability of Formation


In reviewing the viability and merits of a proposed Port, the Authority will consider the following, in addition to the latest draft copy of the economic feasibility statement for district formation, if applicable, under ORS 198.749:

(1)

A proposed budget of the proposed Port showing, among other things, capital improvements, staffing, and other sums and expenses required to implement and operate the proposed Port for a reasonable period;

(2)

Adequacy of the existing tax base and proposed tax rate and the source and amounts of any other revenues estimated to be required; and

(3)

Other financial information requested.
Source
Last accessed
Aug. 25, 2019