Oregon § 328.250 Limitation on bonded indebtedness of enlarged or reorganized school districts

Oregon Statutes

§ 328.250 — Limitation on bonded indebtedness of enlarged or reorganized school districts

Oregon § 328.250

Vol.9

Title 30Education and Culture

Ch. 328Local Financing of Education

This text of Oregon § 328.250 (Limitation on bonded indebtedness of enlarged or reorganized school districts) 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. § 328.250 (2026).

Text

In any school district created by merger or reorganization, the amount of bonded indebtedness and negotiable interest-bearing warrant indebtedness which may be incurred under ORS 328.245 shall be reduced by the amount of premerger, prereorganization, bonded indebtedness and negotiable interest-bearing warrant indebtedness for which any school district included in an enlarged or reorganized school district remains liable.

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In any school district created by merger or reorganization, the amount of bonded indebtedness and negotiable interest-bearing warrant indebtedness which may be incurred under ORS 328.245 shall be reduced by the amount of premerger, prereorganization, bonded indebtedness and negotiable interest-bearing warrant indebtedness for which any school district included in an enlarged or reorganized school district remains liable.