Oregon § 224.420 Duty of local treasurer to keep funds separate and withhold bond payments; liability of treasurer

Oregon Statutes

§ 224.420 — Duty of local treasurer to keep funds separate and withhold bond payments; liability of treasurer

Oregon § 224.420

Vol.6

Title 21Cities

Ch. 224City Sewers and Sanitation

This text of Oregon § 224.420 (Duty of local treasurer to keep funds separate and withhold bond payments; liability of treasurer) is published on Counsel Stack Legal Research, covering Oregon primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Or. Rev. Stat. § 224.420 (2026).

Text

The treasurer of each municipality and of each sanitary district that finances the cost of a sewerage system or facilities under authority of ORS 224.310 to 224.420 shall keep collections or assessments for sewerage service separate and distinct from other funds of the municipality and shall withhold from tax receipts not less often than quarterly the full amounts proportionate to the elapsed portion of the tax year that have been levied for the payment of interest on and the principal of the sewerage system bonds of the city or sanitary district. For failure to account for sewerage revenues and taxes as provided in this section, such treasurers shall be liable upon their official bonds.

Free access — add to your briefcase to read the full text and ask questions with AI

The treasurer of each municipality and of each sanitary district that finances the cost of a sewerage system or facilities under authority of ORS 224.310 to 224.420 shall keep collections or assessments for sewerage service separate and distinct from other funds of the municipality and shall withhold from tax receipts not less often than quarterly the full amounts proportionate to the elapsed portion of the tax year that have been levied for the payment of interest on and the principal of the sewerage system bonds of the city or sanitary district. For failure to account for sewerage revenues and taxes as provided in this section, such treasurers shall be liable upon their official bonds.