(1) For the purpose of performing any of the powers conferred by ORS 267.510 to 267.650, a transportation district may use any of the following methods of financing:
(a) Service charges and user fees collected under ORS 267.570 (1)(d).
(b) Levy ad valorem taxes under ORS 267.620.
(c) Use of a revolving fund as authorized for mass transit districts under ORS 267.310.
(d) Sale of bonds under ORS 267.630 and 267.640.
(e) Levy of business license fees as authorized for mass transit districts under ORS 267.360.
(f) Levy of a tax measured by net income as authorized for mass transit districts under ORS 267.370.
(g) Levy of a tax measured by employer payrolls as authorized for mass transit districts under ORS 267.380 and 267.385.
(h) Acceptance and use of any contributions or loans from the United States, without limitation by any other provision of ORS 267.510 to 267.650 requiring approval of indebtedness.
(i) Any combination of the provisions of paragraphs (a) to (h) of this subsection.
(2) A district shall not use any method of financing authorized under subsection (1)(c) to (g) of this section without first obtaining authorization at a properly called election held for that purpose. [1975 c.737 §2; 1981 c.512 §1]Section: Previous 267.550 267.560 267.570 267.575 267.580 267.590 267.600 267.610 267.615 267.620 267.622 267.630 267.640 267.650 267.990 Next
Last modified: August 7, 2008