ORS 550.320
Ad valorem property taxes

Local Budget Law applicable

Text
Annotations

(1)

Intentionally left blank —Ed.

(a)

The urban flood safety and water quality district may annually impose, assess and collect a tax on all taxable property located in the district in an amount sufficient to pay the principal and interest due in the fiscal year on outstanding general obligation bonds issued by the district.

(b)

The tax imposed pursuant to this subsection shall be applied only in payment of the principal and interest due on bonds issued by the district. In addition, the district may apply any otherwise unobligated district funds toward payment of the principal and interest due on the bonds.

(2)

The district is a municipal corporation for purposes of ORS 294.305 (Sections constituting Local Budget Law) to 294.565 (Failure to file copy of required budget, reports or other documents) and shall file a written notice with the county assessor as required under ORS 310.060 (Notice certifying taxes). [2019 c.621 §18]

Source: Section 550.320 — Ad valorem property taxes; Local Budget Law applicable, https://www.oregonlegislature.gov/bills_laws/ors/ors550.html.

550.150
Purpose of ORS 550.150 to 550.400 550.160
Definitions 550.170
Urban flood safety and water quality district 550.180
Proceedings to test validity of district board order or act 550.190
Board of directors 550.200
Organizational meeting 550.210
Duties of district board 550.220
Stakeholder advisory committees 550.230
General powers of district 550.240
Eminent domain 550.250
District activities as urban services 550.260
Plan for watershed and habitat improvement and landscape resilience 550.270
District works 550.280
District contracts subject to Public Contracting Code 550.290
Construction on public land or right of way or along public watercourse 550.300
Financing construction, operation or maintenance of district works 550.310
Assessments against benefited lands for district works 550.320
Ad valorem property taxes 550.330
Service and user charges for district works 550.340
General obligation bonds 550.350
Loan agreements with state and federal agencies 550.360
Dissolution of drainage or water control district or corporation 550.370
Notice requirements 550.380
Election laws applicable 550.390
Waterway pollution 550.400
Civil liability for remediation costs

Up to date

Current through early 2024

§ 550.320’s source at oregon.gov

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Location: https://oregon.public.law/statutes/ors_550.320

Original Source: Section 550.320 — Ad valorem property taxes; Local Budget Law applicable, https://www.oregonlegislature.gov/bills_laws/ors/ors550.html (last accessed Aug. 25, 2023).