ORS 198.860 - Effect of annexation order

ORS 198.860
Effect of annexation order

debt distribution plan
permanent rate limit and local option taxes

(1)

After the date of entry of an order by the county board annexing territory to a district, the territory annexed shall become subject to the outstanding indebtedness, bonded or otherwise, of the district in like manner as the territory within the district, unless otherwise provided in a debt distribution plan established under ORS 198.900 (Content of petition for annexation, merger or consolidation).

(2)

On and after the effective date of the annexation of territory:

(a)

The outstanding indebtedness, bonded or otherwise, of the annexing district and the territory annexed may be allocated pursuant to an approved debt distribution plan.

(b)

The territory annexed is subject to the permanent rate limit established, and any local option taxes imposed, by the annexing district. [1971 c.727 §36; 2011 c.369 §3]

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Special Districts Generally

ORS 198.860
Effect of annexation order

debt distribution plan

permanent rate limit and local option taxes

(1)

(2)

(a)

(b)

Source

Special Districts Generally

ORS 198.860 Effect of annexation order debt distribution plan permanent rate limit and local option taxes

(1)

(2)

(a)

(b)

Source

ORS 198.860
Effect of annexation order

debt distribution plan

permanent rate limit and local option taxes