Oregon § 261.725 Disposal of sale proceeds

Oregon Statutes

§ 261.725 — Disposal of sale proceeds

Oregon § 261.725

Vol.7

Title 24Public Organizations for Community Service

Ch.261

This text of Oregon § 261.725 (Disposal of sale proceeds) 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. § 261.725 (2026).

Text

(1)The proceeds derived from the sale shall be used to pay the indebtedness of the district.

(2)If, after payment of all debts of the district, there remain any surplus funds to the credit of the district, such funds shall be turned over to the county treasurer of each county in which the district may be located, to become a part of the general fund of the county in the proportion that the assessed value of the property within the boundaries of the district in such county bears to the total assessed value of all property within the boundaries of the district as determined by the last assessment rolls.

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(1) The proceeds derived from the sale shall be used to pay the indebtedness of the district.
(2) If, after payment of all debts of the district, there remain any surplus funds to the credit of the district, such funds shall be turned over to the county treasurer of each county in which the district may be located, to become a part of the general fund of the county in the proportion that the assessed value of the property within the boundaries of the district in such county bears to the total assessed value of all property within the boundaries of the district as determined by the last assessment rolls.