Section 320.183 - Long-term facilities plan for capital improvements(1) After deducting the costs of administering a construction tax and payment of refunds of such taxes, a school district shall use net revenues only for capital improvements.(2) A construction tax may not be imposed under ORS 320.170 to 320.195 unless the school district imposing the tax develops a long-term facilities plan for making capital improvements. The plan shall be adopted by resolution of the district board of the school district.(3) As used in this section, "capital improvements":(a) Means: (A) The acquisition of land;(B) The construction, reconstruction or improvement of school facilities;(C) The acquisition or installation of equipment, furnishings or other tangible property;(D) The expenditure of funds for architectural, engineering, legal or similar costs related to capital improvements and any other expenditures for assets that have a useful life of more than one year; or(E) The payment of obligations and related costs of issuance that are issued to finance or refinance capital improvements.(b) Does not include operating costs or costs of routine maintenance.