Oregon Revised Statutes Chapter 267 § 267.310 — Revolving fund; authority to levy ad valorem taxes for fund
Oregon Revised Statutes Chapter 267 ·
Oregon Code § 267.310·Enacted ·Last updated March 01, 2026
Statute Text
Revolving fund; authority to levy ad valorem taxes for fund.
For the purpose of establishing a
revolving fund to provide money to finance the planning and construction,
acquisition, purchase or lease of a mass transit system, a district board may
levy an ad valorem tax of not to exceed in any one year three-twentieth of one
percent (0.0015) of real market value of all taxable property within the
district. The revenue derived from such taxes shall be credited to a revolving
fund, and shall be disbursed by the district board and used only for the
purpose for which levied. [1969 c.643 §27; 1991 c.459 §364]
Plain English Explanation
This Oregon statute addresses Revolving fund; authority to levy ad valorem taxes for fund. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 267.310
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Revolving fund; authority to levy ad valorem taxes for fund. 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 § 267.310. Use this format in legal documents and court filings.
Browse related sections using the links below, or search all Oregon statutes on FlawFinder.