(1) Subject to restrictions in the Oregon Constitution and subsection (2) of this section, any of the methods of financing authorized under this chapter or any other provision of law that is available to community college districts organized pursuant to this chapter may, in the discretion of the district board, be implemented from time to time in a specific service area, or in one or more specific service areas simultaneously.
(2) If expansion of the district is approved by the voters, no bonded indebtedness or other indebtedness may be incurred for the general benefit of the district as a whole. Any bonded indebtedness designated to be for the benefit of service areas constituting substantially all of the territory within the boundaries of the service areas created or designated in ORS 341.604 shall be deemed to be incurred for the general benefit of the district as a whole, and shall be outside the authority conferred by this section. In place of such authority the district may incur bonded indebtedness or other indebtedness for the benefit of a specific service area upon satisfaction of the conditions set forth in ORS 341.611 and 341.613. [1995 c.357 §6]
Section: Previous 341.579 341.580 341.590 341.600 341.601 341.604 341.605 341.608 341.610 341.611 341.613 341.615 341.616 341.618 341.619 NextLast modified: August 7, 2008