Oregon Code § 328.213·Enacted ·Last updated March 01, 2026
Statute Text
Issuance of negotiable interest-bearing warrants.
(1) When authorized by a majority
of the electors of the district, the board of a common or union high school
district may contract a district debt for an amount which together with
outstanding bonded indebtedness shall not exceed the bonding limit of the
district as provided by ORS 328.245, for the purposes specified in ORS 328.205
and issue negotiable interest-bearing warrants of the district, evidencing such
debt, and fix the time of payment of the warrants. Such warrants shall be
considered a type of bond.
(2) The school
district, not more often than once a year, may levy a tax on the taxable
property of the district to pay the warrant interest or principal when due. The
taxes shall be collected in the same manner as other school taxes. These
warrants shall be sold, and the principal and interest provided for and paid
when due in the manner provided by law for bonds issued under this chapter. [Formerly
328.285; 1971 c.513 §63; 1983 c.83 §47; 1991 c.67 §81]
Plain English Explanation
This Oregon statute addresses Issuance of negotiable interest-bearing warrants. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 328.213
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
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