ORS 267.300
Authority of district to finance system
(1)
Subject to restrictions in the Oregon Constitution, a district board may finance construction, acquisition, purchase, lease, operation and maintenance of a mass transit system and related facilities for the purposes authorized under ORS 267.010 (Definitions for ORS 267.010 to 267.394) to 267.394 (Investment of certain funds held by TriMet) by:(a)
Levy of ad valorem taxes under ORS 267.305 (Levy, collection, enforcement of ad valorem taxes).(b)
Service charges and user fees collected under ORS 267.320 (User charges, fees and tolls).(c)
Use of the revolving fund authorized under ORS 267.310 (Revolving fund).(d)
Sale of bonds under ORS 267.330 (General obligation bonds) to 267.345 (Issuance of bonds).(e)
Levy of business license fees under ORS 267.360 (Business, trade, occupational and professional licenses and fees).(f)
Levy of a tax measured by net income under ORS 267.370 (District taxing authority).(g)
Levy of a tax measured by employer payrolls under ORS 267.380 (Definitions for ORS 267.380 and 267.385), 267.385 (Employer payroll tax) and 267.420 (Employer payroll tax on State of Oregon and political subdivisions).(h)
Use of funds accepted under ORS 267.390 (Acceptance of funds from United States).(i)
Short-term borrowings under ORS 267.400 (Authority to issue short-term obligations).(j)
Levy of a tax measured by net earnings from self-employment under ORS 267.380 (Definitions for ORS 267.380 and 267.385) and 267.385 (Employer payroll tax).(k)
Any combination of the provisions of paragraphs (a) to (j) of this subsection.(2)
All or any part of the funds raised or received by the district under subsection (1)(a) to (k) of this section may be expended by the district for the purpose of financing the construction, reconstruction, improvement, repair, maintenance, operation and use of the primary transit supportive system. However, only those funds raised or received by the district that are restricted by the Oregon Constitution for the purpose of financing the construction, reconstruction, operation and use of public highways, roads, streets and roadside rest areas may be expended by the district for the secondary transit supportive system. As used in this subsection:(a)
“Transit supportive system” means those facilities in any county in which a district operates that constitute the surface transportation system in the county, including highways, roads, streets, roadside rest areas, park-and-ride stations, transfer stations, parking lots, malls and skyways.(b)
“Primary transit supportive system” means those facilities upon which or adjacent to which the district physically operates.(c)
“Secondary transit supportive system” means the remainder of those facilities that constitute the surface transportation system, but over which the district’s operation or facilities are not physically present. [1969 c.643 §23; 1975 c.752 §1; 1983 c.323 §1; 1983 c.749 §1; 1987 c.825 §1; 1989 c.869 §1]
Source:
Section 267.300 — Authority of district to finance system, https://www.oregonlegislature.gov/bills_laws/ors/ors267.html.
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