Oregon Revised Statutes Chapter 328 § 328.245 — Limitation on bonded debt of districts generally
Oregon Revised Statutes Chapter 328 ·
Oregon Code § 328.245·Enacted ·Last updated March 01, 2026
Statute Text
Limitation on bonded debt of districts generally.
The aggregate amount of such
district bonded indebtedness, including indebtedness authorized under ORS
328.213, shall not exceed the following percentages of real market value of all
taxable property within the district, computed in accordance with ORS 308.207:
(1) For each
grade from kindergarten to eighth for which the district operates schools,
fifty-five one-hundredths of one percent (0.0055) of the real market value.
(2) For each
grade from the 9th to 12th for which the district operates schools,
seventy-five one-hundredths of one percent (0.0075) of the real market value. [Amended
by 1953 c.697 §2; 1955 c.325 §1; 1957 c.639 §1; 1959 c.641 §34; 1963 c.9 §16;
1965 c.100 §55; 1971 c.513 §64; 1975 c.770 §5a; 1991 c.459 §384]
Plain English Explanation
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 328.245
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
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