Oregon Code § 294.333·Enacted ·Last updated March 01, 2026
Statute Text
Basis
of accounting used by municipal corporation; change of basis.
(1) A municipal corporation shall
record its revenues and expenditures, on a fund by fund basis, using the cash
basis, the modified accrual basis or the accrual basis of accounting, at the
discretion of the municipal corporation.
(2) The basis of
accounting used by a municipal corporation must be used in the current year or
period and in each succeeding year or period until the basis is changed in a
subsequent budget.
(3) A change in a
municipal corporations basis of accounting must be published as required under
ORS 294.438. [Formerly 294.445]
Plain English Explanation
This Oregon statute addresses Basis
. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 294.333
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Basis
. 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 § 294.333. Use this format in legal documents and court filings.
Browse related sections using the links below, or search all Oregon statutes on FlawFinder.