ORS 224.420
Duty of local treasurer to keep funds separate and withhold bond payments

  • liability of treasurer
The treasurer of each municipality and of each sanitary district that finances the cost of a sewerage system or facilities under authority of ORS 224.310 (Definitions for ORS 224.310 to 224.420) to 224.420 (Duty of local treasurer to keep funds separate and withhold bond payments) shall keep collections or assessments for sewerage service separate and distinct from other funds of the municipality and shall withhold from tax receipts not less often than quarterly the full amounts proportionate to the elapsed portion of the tax year that have been levied for the payment of interest on and the principal of the sewerage system bonds of the city or sanitary district. For failure to account for sewerage revenues and taxes as provided in this section, such treasurers shall be liable upon their official bonds. [Amended by 1953 c.287 §9]

Source: Section 224.420 — Duty of local treasurer to keep funds separate and withhold bond payments; liability of treasurer, https://www.­oregonlegislature.­gov/bills_laws/ors/ors224.­html.

224.010
Definitions for ORS 224.010 to 224.170 224.020
Authority of city to construct sewer system 224.030
Authority of city over water and waterways 224.040
Assessment of property 224.050
Rights of owners outside city limits 224.065
Writ of review 224.080
Record and effect of judgment 224.090
Assessment lien on property outside city limits 224.100
Records and indexes of transcripts 224.110
Enforcing liens on property outside city limits 224.120
Sale without foreclosure 224.130
Assessment of property in drainage district 224.140
Authority to control sewer system 224.150
Federal aid 224.160
Procurement of funds for construction 224.170
Certain laws and charter provisions applicable to property beyond city limits 224.232
Bond election 224.270
Validation of bond issues 224.310
Definitions for ORS 224.310 to 224.420 224.320
Municipalities eligible for state help in financing sewerage systems 224.330
Conditions precedent to financing application 224.340
Bonds 224.350
General powers of State Treasurer under ORS 224.310 to 224.420 224.370
Municipality or district not to issue other bonds 224.380
Limitations on authority of State Treasurer to purchase bonds 224.390
State Sewer Bond Revolving Fund 224.400
Approval by State Treasurer of rates, collection of charges and delinquent assessments 224.410
Authority to appoint receiver and withhold moneys from state sources on default 224.420
Duty of local treasurer to keep funds separate and withhold bond payments 224.450
Validation of revenue bonds issued by cities of less than 100,000 224.510
Sewage charge on water users
Green check means up to date. Up to date

Current through early 2024

§ 224.420’s source at oregon​.gov