Oregon Code § 341.321·Enacted ·Last updated March 01, 2026
Statute Text
Reserve fund; establishment and termination procedures.
Notwithstanding any other
statutory provisions, any board of education of a community college district by
resolution may establish a reserve fund by making transfers from the districts
general fund. Transfers to the reserve fund shall be included in the district
budget prepared and published in accordance with ORS 294.305 to 294.565. If at
any time conditions arise which dispense with the necessity for further
transfers to or expenditures from a fund established pursuant to this section,
the district board shall so declare by resolution. The resolution shall order
the balance remaining in such fund to be transferred to the general fund of the
district and shall declare the reserve fund closed. [1975 c.770 §25; 1995 c.67 §16]
Plain English Explanation
This Oregon statute addresses Reserve fund; establishment and termination procedures. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 341.321
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Reserve fund; establishment and termination procedures. 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 § 341.321. Use this format in legal documents and court filings.
Browse related sections using the links below, or search all Oregon statutes on FlawFinder.