Oregon Revised Statutes Chapter 198 § 198.749 — Economic feasibility statement for district formation
Oregon Revised Statutes Chapter 198 ·
Oregon Code § 198.749·Enacted ·Last updated March 01, 2026
Statute Text
Economic feasibility statement for district formation.
Before circulating a petition for
formation of a district, the persons designated on the petition as the chief
petitioners shall complete an economic feasibility statement for the proposed
district. The economic feasibility statement shall form the basis for the
proposed permanent rate limit for operating taxes required by ORS 198.750
(1)(g). The economic feasibility statement shall contain:
(1) A description
of the services and functions to be performed or provided by the proposed
district;
(2) An analysis
of the relationships between those services and functions and other existing or
needed government services; and
(3) A proposed
first year line item operating budget and a projected third year line item
operating budget for the new district that demonstrate its economic
feasibility. [1989 c.92 §2; 1997 c.541 §342]
Plain English Explanation
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 198.749
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
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