280.050
Providing funds for financing cost of services, projects, property and
equipment. Funds
may be obtained as prescribed in ORS 280.040 to 280.145 for the purpose of
financing the cost of any service, project, property or equipment which a
subdivision has lawful power to perform, construct or acquire, and of repairs
and improvements thereto and of maintenance and replacement thereof. [Amended
by 1967 c.203 §4]
Notes of Decisions
Napier v. Lincoln Cnty. Sch. Dist., 4 Or. Tax 221 (Or. T.C. 1970).
· cites it 2× “” ORS 280.050. The funding of school buses, their maintenance and repair, clearly would come within this provision.”
Dep't of Revenue v. Bear Creek Valley Sanitary Auth., 7 Or. Tax 520 (Or. T.C. 1978).
· cites it 5× “100, cited in the amended answer quoted above, read: *523 "Any * * * subdivision, by resolution, may establish a financial * * * special fund or funds for the purposes specified in ORS 280.050, without submitting the question to a vote of the electors, if the taxes levied or…”
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