ORS § 450.120

Current through 2024 Regular Session legislation
Section 450.120 - Debt limitations

The total outstanding district bonds of all types, including improvement bonds of the kind authorized by ORS 223.205 and 223.210 to 223.295, shall at no time exceed in the aggregate 13 percent of the real market value of all taxable property within the district, computed in accordance with ORS 308.207.

ORS 450.120

Amended by 1955 c.612 §1; 1963 c.9 §27; 1991 c.459 §402