Oregon Code § 450.300·Enacted ·Last updated March 01, 2026
Statute Text
Duty
of treasurer to keep funds separate and to withhold tax receipts for bond
payments; liability of treasurer.
The treasurer of each district that finances the cost of a sewerage system or
facilities under authority of ORS 450.250 to 450.300 shall keep collections or
assessments for sewerage service and sewer connection fees separate and
distinct from other funds of the district and shall withhold from tax receipts
not less often than quarterly the full amounts proportionate to the elapsed
portion of the tax year that have been levied for the payment of interest on
and the principal of the sewerage system bonds of the district. For failure to
account for sewerage revenues and taxes as provided in this section, such
treasurers shall be liable upon their official bonds. [1955 c.577 §11]
(Sanitary District
Sewerage System Revolving Fund)
Plain English Explanation
This Oregon statute addresses Duty
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 450.300
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Duty
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