OAR 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 (Economic feasibility statement for district formation):

(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: Rule 123-020-0125 — Viability of Formation, https://secure.­sos.­state.­or.­us/oard/view.­action?ruleNumber=123-020-0125.

Last Updated

Jun. 8, 2021

Rule 123-020-0125’s source at or​.us