In any school district created by merger or reorganization, the amount of bonded indebtedness and negotiable interest-bearing warrant indebtedness which may be incurred under ORS 328.245 shall be reduced by the amount of premerger, prereorganization, bonded indebtedness and negotiable interest-bearing warrant indebtedness for which any school district included in an enlarged or reorganized school district remains liable. [Amended by 1965 c.100 §56]
Section: Previous 328.215 328.220 328.225 328.230 328.235 328.240 328.245 328.250 328.255 328.260 328.265 328.270 328.275 328.280 328.285 NextLast modified: August 7, 2008