Oregon Code § 547.615·Enacted ·Last updated March 01, 2026
Statute Text
Tax
for payment of interest and principal; sinking fund.
The board of trustees shall cause
to be assessed and levied each year upon the assessable property of the
district, in addition to the levy authorized for other purposes, a sufficient
sum to pay the interest on outstanding bonds issued in conformity with the
provisions of ORS 547.605 to 547.620, accruing before the next annual levy, and
such proportion of the principal as in their judgment will be for the best
interests of the district, to create and raise a sinking fund to retire the
bonds and to be used for no other purpose whatever. [Amended by 1969 c.694 §42;
2001 c.215 §24]
Plain English Explanation
This Oregon statute addresses Tax
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Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 547.615
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Tax
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