(a) "Local option tax" means a tax described under section 11 (4) or (7)(c), Article XI of the Oregon Constitution.
(b) "Subdivision" includes only such counties, municipal corporations, quasi-municipal corporations and civil or political corporations or subdivisions as are empowered by law to levy ad valorem property taxes, except that "subdivision" does not include an education service district.
(2) All ad valorem tax revenues that are received by any subdivision as a result of a levy under ORS 280.040 to 280.090 and that are derived from an ad valorem tax levied for purposes other than general operations shall be:
(a) Kept by the treasurer or other financial officer in a fund that is separate and distinct from other funds of the subdivision.
(b) Expended only for the purpose for which the taxes were imposed. [Amended by 1997 c.541 §302; 1999 c.632 §21; 1999 c.1094 §1]
Structure 2021 Oregon Revised Statutes
Volume : 07 - Public Facilities and Finance
Section 280.040 - Definitions for ORS 280.040 to 280.145; use of certain tax revenues.
Section 280.057 - Local option taxes for community colleges; maximum amount.
Section 280.064 - Period for use of revenues raised by local option tax.
Section 280.075 - Ballot statements for local option tax measures.
Section 280.080 - Contents of order, resolution or ordinance calling election.
Section 280.410 - Definitions for ORS 280.410 to 280.485.
Section 280.415 - Legislative findings.
Section 280.420 - Eligibility of projects for financing; standards; ordinance for applications.
Section 280.425 - City powers concerning property.
Section 280.430 - Contractual powers of city; requirements for project loans and leases.
Section 280.440 - Authority to issue revenue bonds.
Section 280.445 - Factors considered in determining whether to issue bonds.
Section 280.470 - Covenants in bonds allowed.
Section 280.475 - Limitations of bonds; recitals.
Section 280.480 - Powers and rights of bondholders.
Section 280.500 - County economic development plan; criteria.
Section 280.505 - Coordination of plan with other local governments and plans.
Section 280.508 - County public purpose revolving loan fund.