Oregon § 267.310 Revolving fund; authority to levy ad valorem taxes for fund

Oregon Statutes

§ 267.310 — Revolving fund; authority to levy ad valorem taxes for fund

Oregon § 267.310

Vol.7

Title 24Public Organizations for Community Service

Ch. 267Mass Transit Districts; Transportation Districts

This text of Oregon § 267.310 (Revolving fund; authority to levy ad valorem taxes for fund) 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. § 267.310 (2026).

Text

For the purpose of establishing a revolving fund to provide money to finance the planning and construction, acquisition, purchase or lease of a mass transit system, a district board may levy an ad valorem tax of not to exceed in any one year three-twentieth of one percent (0.0015) of real market value of all taxable property within the district. The revenue derived from such taxes shall be credited to a revolving fund, and shall be disbursed by the district board and used only for the purpose for which levied.

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

For the purpose of establishing a revolving fund to provide money to finance the planning and construction, acquisition, purchase or lease of a mass transit system, a district board may levy an ad valorem tax of not to exceed in any one year three-twentieth of one percent (0.0015) of real market value of all taxable property within the district. The revenue derived from such taxes shall be credited to a revolving fund, and shall be disbursed by the district board and used only for the purpose for which levied.