ORS 267.615
Financing methods
(1)
For the purpose of performing any of the powers conferred by ORS 267.510 (Definitions for ORS 267.510 to 267.650) to 267.650 (Finance elections), a transportation district may use any of the following methods of financing:(a)
Service charges and user fees collected under ORS 267.570 (Powers relating to public transportation) (1)(d).(b)
Levy ad valorem taxes under ORS 267.620 (Power to levy taxes).(c)
Use of a revolving fund as authorized for mass transit districts under ORS 267.310 (Revolving fund).(d)
Sale of bonds under ORS 267.630 (Issuance and sale of bonds) and 267.640 (Refunding bonds).(e)
Levy of business license fees as authorized for mass transit districts under ORS 267.360 (Business, trade, occupational and professional licenses and fees).(f)
Levy of a tax measured by net income as authorized for mass transit districts under ORS 267.370 (District taxing authority).(g)
Levy of a tax measured by employer payrolls as authorized for mass transit districts under ORS 267.380 (Definitions for ORS 267.380 and 267.385) and 267.385 (Employer payroll tax).(h)
Acceptance and use of any contributions or loans from the United States, without limitation by any other provision of ORS 267.510 (Definitions for ORS 267.510 to 267.650) to 267.650 (Finance elections) requiring approval of indebtedness.(i)
Any combination of the provisions of paragraphs (a) to (h) of this subsection.(2)
A district shall not use any method of financing authorized under subsection (1)(c) to (g) of this section without first obtaining authorization at a properly called election held for that purpose. [1975 c.737 §2; 1981 c.512 §1]
Source:
Section 267.615 — Financing methods, https://www.oregonlegislature.gov/bills_laws/ors/ors267.html.
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