Oregon Revised Statutes Chapter 261 § 261.725 — Disposal of sale proceeds
Oregon Revised Statutes Chapter 261 ·
Oregon Code § 261.725·Enacted ·Last updated March 01, 2026
Statute Text
Disposal of sale proceeds.
(1) The proceeds derived from the sale shall be used to pay the indebtedness of
the district.
(2) If, after
payment of all debts of the district, there remain any surplus funds to the
credit of the district, such funds shall be turned over to the county treasurer
of each county in which the district may be located, to become a part of the
general fund of the county in the proportion that the assessed value of the
property within the boundaries of the district in such county bears to the
total assessed value of all property within the boundaries of the district as
determined by the last assessment rolls.
Plain English Explanation
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 261.725
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Disposal of sale proceeds. Read the full statute text above for details.
This page reflects the current text as of our last update. Always verify with the official Oregon legislature website for the most current version.
The formal citation is Oregon Code § 261.725. Use this format in legal documents and court filings.
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