Miscellaneous Taxes

ORS 320.183
Long-term facilities plan for capital improvements

(1)

After deducting the costs of administering a construction tax and payment of refunds of such taxes, a school district shall use net revenues only for capital improvements.

(2)

A construction tax may not be imposed under ORS 320.170 (Restriction on construction tax imposed by school district) to 320.195 (Deposit of revenues) unless the school district imposing the tax develops a long-term facilities plan for making capital improvements. The plan shall be adopted by resolution of the district board of the school district.

(3)

As used in this section, “capital improvements”:

(a)

Means:

(A)

The acquisition of land;

(B)

The construction, reconstruction or improvement of school facilities;

(C)

The acquisition or installation of equipment, furnishings or other tangible property;

(D)

The expenditure of funds for architectural, engineering, legal or similar costs related to capital improvements and any other expenditures for assets that have a useful life of more than one year; or

(E)

The payment of obligations and related costs of issuance that are issued to finance or refinance capital improvements.

(b)

Does not include operating costs or costs of routine maintenance. [2007 c.829 §6]
Source

Last accessed
May 30, 2023

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