ORS 568.803
General obligation bonds

  • refunding bonds
  • special taxes

(1)

When authorized by a majority of electors voting at an election called for that purpose by the directors of a soil and water conservation district, the directors may issue general obligation bonds of the district, not exceeding in value the amount stated in the notice of election and for the purpose named in the notice as provided in ORS chapter 287A.

(2)

The aggregate amount of general obligation bonds issued and outstanding at any one time may not exceed two and one-half percent of the real market value of all taxable property of the district, computed in accordance with ORS 308.207 (Computation of real market value for taxing or bonding limitations).

(3)

General obligation bonds must recite that they are issued under ORS 568.210 (Definitions for ORS 568.210 to 568.808 and 568.900 to 568.933) to 568.808 (Taxing district to file legal description and map).

(4)

A soil and water conservation district:

(a)

Shall issue general obligation bonds authorized under this section as provided in ORS chapter 287A; and

(b)

May issue refunding bonds as provided in ORS chapter 287A.

(5)

Taxes that are levied by a soil and water conservation district to pay principal, interest and premium, if any, on general obligation bonds issued pursuant to this section are separate from and in addition to taxes levied pursuant to ORS 568.806 (Ad valorem tax). [2005 c.282 §3; 2007 c.783 §222]

Source: Section 568.803 — General obligation bonds; refunding bonds; special taxes, https://www.­oregonlegislature.­gov/bills_laws/ors/ors568.­html (accessed May 26, 2025).

568.210
Definitions for ORS 568.210 to 568.808 and 568.900 to 568.933 568.225
Policy 568.300
Petition for formation of district 568.310
Notice of hearing 568.320
Right to be heard 568.330
Determination of need for district 568.340
Determination to not form district 568.351
Determination of boundaries for proposed district 568.370
Eligible electors 568.380
Department to pay expenses and supervise hearings and referenda 568.391
Referendum process 568.400
Appointment of first directors of district 568.410
Formation of district 568.420
Certificate of formation 568.431
Petitions for inclusion of territory 568.433
Petitions for withdrawal of territory 568.435
Boundary change notice for taxation purposes 568.440
District legally formed 568.445
Petitions for inclusion of territory wholly within another district 568.450
Procedure for consolidating districts 568.460
Referendum 568.471
Effect of consolidating districts 568.481
Methods for initiating dissolution of district 568.491
Termination of board of directors 568.495
Disposition of district assets 568.500
Order of dissolution 568.510
Proceedings for dissolution limited 568.520
Petitions nominating directors 568.530
Ballots 568.542
Payment of expenses for director election from county funds 568.545
Procedure for selection of directors of consolidated districts 568.550
General powers of board of directors 568.552
Power of directors to manage and control water resources and projects 568.554
District to submit program and work plans for department review 568.555
Name of district may be changed 568.560
Number of directors 568.565
Procedures for changing number of directors 568.570
Majority constitutes a quorum 568.580
Annual meeting 568.590
Notice of annual meeting 568.600
Legal counsel 568.610
Records 568.620
Consultation with county or municipal representatives 568.730
Officials may enter private lands 568.780
Certain public agencies to be deemed owners 568.790
County funds for personnel and other uses 568.801
Stream control and management projects 568.803
General obligation bonds 568.805
Special assessments 568.806
Ad valorem tax 568.807
Electors authorizing taxation 568.808
Taxing district to file legal description and map 568.810
Purpose of ORS 568.810 to 568.890 568.820
Designation of areas by county court upon petition 568.830
Publication and posting of notices describing districts 568.840
Election of advisory board 568.850
Wind erosion inspector 568.860
Inspector may enter lands in district 568.870
County court may authorize inspector to control erosion 568.880
Tax levy for wind erosion control 568.890
District may be dissolved 568.900
Definitions for ORS 568.900 to 568.933 568.903
“Landowner” defined 568.906
Plan implementation to involve local agencies 568.909
Boundaries for land subject to water quality plans 568.912
Management plan rules 568.915
Entry upon land 568.918
Notice to landowner of failure to perform requirements 568.921
Fees from landowners 568.924
Interagency agreements 568.927
Law inapplicable to certain forest practices 568.930
Agricultural activities subject to plan requirements 568.933
Civil penalties 568.950
Agricultural water management technical assistance program 568.952
Implementation of agricultural water management technical assistance program 568.954
Reports to interim committees of Legislative Assembly 568.970
Grant program for treatment of western juniper 568.972
Grant program monitoring areas 568.974
Grant for organization formed pursuant to intergovernmental agreement (repealed) 568.976
Acceptance of nongrant moneys by grant recipients (repealed)

Current through early 2026

§ 568.803. Gen. obligation bonds's source at oregon​.gov