In the exercise of the authority granted by ORS 287A.180, 328.565 and 341.715, specific provision for interest must be contained in duly adopted budgets. However, reporting of anticipated loan proceeds and related principal repayments within a particular fiscal year or budget period may be accomplished in narrative form or by footnoted schedules to the duly adopted budget and need not be included as a budgetary resource or requirement. Such narrative or footnoted disclosure must indicate that principal repayments are a liability of the applicable fund from which they are made. [1985 c.356 §3; 1993 c.97 §16; 2001 c.135 §19; 2007 c.783 §120]
Section: Previous 294.420 294.421 294.425 294.430 294.435 294.437 294.440 294.443 294.445 294.447 294.450 294.455 294.460 294.465 294.470 NextLast modified: August 7, 2008