Oregon Statutes - Chapter 328 - Local Financing of Education

328.001 Definitions.
As used in this chapter, unless the context requires otherwise: (1) �Administrative office for the county� means the administrative office of the education service district,...
328.005 County school fund; uses.
(1) The governing body of each county shall create a county school fund. (2) When a county governing body transfers federal forest reserve receipts under...
328.010 [Amended by 1963 c.544 §17; 1965 c.100 §44; repealed by 1975 c.64 §1]
328.015 Apportionment to districts.
On the first Monday in December the executive officer of the administrative office for the county shall apportion the county school fund among the several...
328.020 [Amended by 1963 c.544 §18; 1965 c.100 §46; repealed by 1975 c.770 §49]
328.025 [Amended by 1965 c.100 §47; 1971 c.294 §6; repealed by 1975 c.770 §49]
328.030 Partial apportionments.
The executive officer of the administrative office for the county, upon the written request of any district school board, may make a partial apportionment to...
328.035 [1971 c.449 §4; 1985 c.555 §15; repealed by 2001 c.36 §3]
328.045 Apportionment of excess amounts; application as tax offset.
Any moneys in the county school fund in excess of the amount required by law may, by order of the county governing body, be apportioned...
328.105 Sources; use of interest.
The proceeds of all gifts, devises and bequests made to Douglas County for common school purposes shall be set apart as a separate and irreducible...
328.110 Custodian of fund.
The county treasurer shall be the custodian of the Douglas County School Fund. The bond as treasurer shall include the honest and faithful performance of...
328.115 Loan of fund and rental of lands; disbursement of interest and rents.
(1) The county treasurer shall loan the Douglas County School Fund in the manner provided by law at the best rate obtainable per annum and...
328.120 Board of Douglas County School Fund commissioners.
The chairperson of the board of county commissioners, clerk and treasurer of Douglas County are appointed as a board of Douglas County School Fund commissioners....
328.125 Law concerning Common School Fund to apply.
The laws governing the loaning of the Common School Fund of this state, so far as applicable and not in conflict with ORS 328.105 to...
328.130 Loans to be made in name of treasurer; collection of sums due.
All loans shall be made in the name of the treasurer of Douglas County but for the benefit of the fund. The treasurer shall collect...
328.135 Fees for services of county officers; expense of making loan.
No officer of Douglas County shall charge or receive fees for any service performed in regard to the fund. All expenses of making a loan...
328.140 Sale, rental or lease of property; disposition of proceeds.
The board of Douglas County School Fund commissioners may sell and convey by deed, executed by all of said commissioners, any and all real property...
328.155 Sources; use of interest.
The proceeds of all gifts, devises and bequests made to School District No. 1, Klamath County, for common school purposes, for the use and benefit...
328.160 Custodian of fund; bond.
The clerk of Klamath County School District No. 1 shall be custodian of the Common School Fund for District No. 1, Klamath County. The bond...
328.165 Investment and loan of fund and rental of lands; disbursement of interest and rents.
(1) The board of common school fund commissioners for Klamath County School District No. 1 may invest all or part of the fund in bonds...
328.170 Directors as fund commissioners.
The directors of School District No. 1 of Klamath County are appointed as a board of common school fund commissioners for the district to approve...
328.175 Laws governing loans of Common School Fund to apply.
The laws governing loaning of the Common School Fund of this state, so far as applicable and not in conflict with ORS 328.155 to 328.190...
328.180 Loans to be made in name of clerk; collection of sums due.
All loans shall be made in the name of the clerk of School District No. 1 of Klamath County, but for the benefit of the...
328.185 Fees for services of clerk; expense of making loan.
The clerk of the district shall not charge or receive fees for any services performed in regard to the fund. All expenses of making a...
328.190 Sale and conveyance of property; disposition of proceeds.
The board of directors of School District No. 1, Klamath County, may sell and convey by deed, executed by all the members of said board...
328.205 Power to contract bonded indebtedness; use of proceeds to pay expenses of issue.
(1) Common and union high school districts may contract a bonded indebtedness for any one or more of the following purposes for the district: (a)...
328.210 Bond elections.
(1) The board of directors of a common or union high school district shall call an election on a date specified in ORS 255.345 for...
328.213 Issuance of negotiable interest-bearing warrants.
(1) When authorized by a majority of the electors of the district, the board of a common or union high school district may contract a...
328.215 [Amended by 1957 c.310 §3; 1965 c.100 §52; 1973 c.796 §26; repealed by 1983 c.350 §331a]
328.220 [Repealed by 1963 c.132 §1]
328.225 [Repealed by 1961 c.361 §4]
328.230 Issue of bonds upon favorable vote.
If the electors of the district approve the contracting of bonded indebtedness, the bonds shall be issued as prescribed in ORS chapter 287A. [Amended by...
328.235 [Amended by 1971 c.140 §2;1977 c.311 §1; 1981 c.94 §27; 1995 c.333 §10; repealed by 2007 c.783 §234]
328.240 Place of payment.
The principal and interest on district bonds are payable in lawful money of the United States of America at the office of the treasurer or...
328.245 Limitation on bonded debt of districts generally.
The aggregate amount of such district bonded indebtedness, including indebtedness authorized under ORS 328.213, shall not exceed the following percentages of real market value of...
328.250 Limitation on bonded indebtedness of enlarged or reorganized school districts.
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...
328.255 Registration of bonds and negotiable interest-bearing warrants; delivery; disposition of proceeds of sale of bonds; noncontestability.
(1) The county treasurer or county fiscal officer shall register each school district bond, including refunding bonds, and negotiable interest-bearing warrants in a book kept...
328.260 Tax levy to pay interest and principal of bonds; use of funds derived from tax.
(1) The district school board shall ascertain and levy annually, in addition to all other taxes, a direct ad valorem tax on all the taxable...
328.265 School district bond tax levied by county.
(1) The district school board of each school district having an outstanding bond issue shall file annually with the county treasurer or county fiscal officer...
328.270 Payment of principal and interest; collection commission.
(1) The county treasurer or county fiscal officer must cause to be paid out of any money in the hands of the county treasurer or...
328.275 Redemption and payment of bonds.
(1) Whenever the sinking fund mentioned in ORS 328.260 is sufficient to permit the redemption of any bond then subject to redemption at the option...
328.280 Funding or refunding district indebtedness.
(1) Whenever any school district has any outstanding negotiable interest-bearing warrant indebtedness or bonded indebtedness incurred in building or furnishing any schoolhouse, or for the...
328.285 [Amended by 1961 c.260 §1; 1965 c.100 §51; renumbered 328.213]
328.290 [Repealed by 1983 c.350 §331a]
328.295 Issuance of bonds and interest-bearing warrants.
All school bonds, including funding and refunding bonds, notes and negotiable interest-bearing warrants which have been specifically authorized by vote of the electors, shall be...
328.300 Marketing bonds jointly or through association.
(1) Two or more school districts may join together to market the bond issues of the districts, subject to such terms and conditions as the...
328.304 County education bond district; creation; powers; purpose.
(1) A board of directors of an education service district may proceed under subsection (2) of this section to create a county education bond district...
328.305 [Repealed by 1957 c.53 §3]
328.310 [Repealed by 1957 c.53 §3]
328.315 [Repealed by 1957 c.53 §3]
328.316 Impact aid revenue bonds; issuance; requirements.
(1) Pursuant to an agreement between a school district board and the governing body of an Indian tribe whose reservation is located partly or wholly...
328.318 Funds required for impact aid revenue bonds.
If a school district board issues impact aid revenue bonds under ORS 328.316, the board shall establish: (1) An impact aid revenue bond building fund...
328.320 [Repealed by 1957 c.53 §3]
328.321 Definitions for ORS 328.321 to 328.356.
As used in ORS 328.321 to 328.356: (1) �Common School Fund� means the state school fund described in section 2, Article VIII, Oregon Constitution. (2)...
328.325 [Repealed by 1957 c.53 §3]
328.326 State guaranty of school bonds allowed.
(1)(a) The State Treasurer may, by issuing a certificate of qualification to a school district, pledge the full faith and credit and taxing power of...
328.330 [Repealed by 1957 c.53 §3]
328.331 Certificate evidencing qualification for state guaranty; rules; application; qualification standards.
(1) Any school district may request that the State Treasurer issue a certificate evidencing qualification of its school bonds for the state guaranty. (2) The...
328.335 [Repealed by 1957 c.53 §3]
328.336 Determination of ineligibility.
(1)(a) If the State Treasurer determines that the state should not guarantee the school bonds of a school district, the State Treasurer shall: (A) Prepare...
328.340 [Repealed by 1957 c.53 §3]
328.341 Transfer by school districts or State Treasurer of moneys to pay debt service on school bonds.
(1)(a) Each school district with outstanding, unpaid school bonds issued with the state guaranty shall transfer moneys sufficient for the scheduled debt service payment to...
328.345 [Repealed by 1957 c.53 §3]
328.346 Recovery from school districts of payments on school bonds by State Treasurer.
(1)(a) If one or more payments on school bonds are made by the State Treasurer as provided in ORS 328.341, the State Treasurer shall pursue...
328.350 [Repealed by 1957 c.53 §3]
328.351 Powers of State Treasurer when state funds are insufficient for payment of debt service.
(1) If, at the time the state is required to make a debt service payment under the state guaranty on behalf of a school district,...
328.355 [Repealed by 1957 c.53 §3]
328.356 State Treasurer subject to provisions regarding issuance of general obligation bonds.
If the State Treasurer issues state bonds, the treasurer shall be subject to the provisions of ORS 291.445 as an agency that is authorized to...
328.360 [Repealed by 1957 c.53 §3]
328.361 Short title.
ORS 328.321 to 328.356 shall be known as the Oregon School Bond Guaranty Act. [1997 c.614 §1] Note: See note under 328.321.
328.365 [Repealed by 1957 c.53 §3]
328.370 [Repealed by 1957 c.53 §3]
328.380 [1953 c.72 §1; repealed by 1957 c.53 §3]
328.405 [Repealed by 1963 c.544 §52]
328.410 [Repealed by 1963 c.544 §52]
328.415 [Repealed by 1965 c.100 §456]
328.420 [Amended by 1963 c.544 §21; repealed by 1965 c.100 §456]
328.425 [Repealed by 1963 c.544 §52]
328.430 [Amended by 1957 c.110 §1; 1963 c.544 §22; repealed by 1965 c.100 §456]
328.435 [Repealed by 1965 c.100 §456]
328.440 [Repealed by 1953 c.89 §6]
328.441 Custody and disbursement of school district funds.
(1) Common school district boards and union high school district boards shall designate the persons to be custodians of school funds of their respective districts....
328.445 Disbursement of school funds by check or warrant.
(1) When funds are available for payment, school district obligations shall be paid by check bearing the original signature of the custodian of the district...
328.450 School warrant procedure.
(1) As used in this section, �school district obligation� includes salaries of district employees and other regularly contracted services. (2) Except as provided in ORS...
328.455 [Repealed by 1965 c.100 §456]
328.460 Cancellation of school warrants not presented for payment within seven years.
(1) At the last regular district school board meeting preceding July 1 in each year, the district clerk shall certify to the board a list...
328.465 Annual audit procedure.
(1) All common and union high school district boards shall cause to have prepared an annual audit of the books and accounts of the district...
328.467 Audit determinations; deficiencies; correction; sanctions.
(1)(a) In performing an audit required under ORS 328.465, the accountant under contract with the school district or county shall determine whether the school district...
328.470 Purchase of automotive equipment; fund transfers.
Notwithstanding ORS 280.040 to 280.145 and any other provision of law, any school district board by resolution may provide for the replacement or acquisition of...
328.505 [Amended by 1953 c.146 §1; repealed by 1959 c.262 §4]
328.510 [Repealed by 1953 c.146 §2]
328.515 [Amended by 1957 c.310 §4; repealed by 1959 c.262 §4]
328.520 [Amended by 1955 c.486 §1; repealed by 1965 c.100 §456]
328.525 [Repealed by 1963 c.544 §52]
328.530 [Repealed by 1965 c.100 §456]
328.535 [Repealed by 1965 c.100 §456]
328.540 [Repealed by 1965 c.100 §456]
328.542 Preparation of district budget; certification of taxes.
Subject to the Local Budget Law (ORS 294.305 to 294.565) and to sections 11 and 11b, Article XI, Oregon Constitution, each school district board shall...
328.545 [Repealed by 1963 c.544 §52]
328.550 [Amended by 1965 c.100 §70; 1967 c.605 §1; 1975 c.770 §8; repealed by 1981 c.834 §1]
328.555 Property liable for district indebtedness; tax levy.
(1) All taxable property in a school district at the time any indebtedness is incurred by such district and all taxable property subsequently located in...
328.560 [1953 c.286 §1; 1957 c.310 §5; 1957 c.426 §2; repealed by 1965 c.100 §456]
328.565 Power to create indebtedness; zone academy bonds; tax credit bonds.
(1) As used in this section, �qualified zone academy bond� has the meaning given the term in section 1397E of the Internal Revenue Code, as...
328.570 Division of district into tax zones.
(1) The district board of a school district may divide the district into tax zones for the purpose of imposing and levying ad valorem property...
328.573 Notice of public hearing on tax zones.
(1) The district board of a school district seeking to establish tax zones under ORS 328.570 to 328.579 shall cause a notice of a public...
328.576 Public hearing; resolution to establish tax zones.
(1) Following the notice required under ORS 328.573, the district board of a school district seeking to establish tax zones shall conduct a public hearing...
328.579 Determination of tax in zones; limitations.
(1) If a school district is divided into tax zones under ORS 328.570 to 328.579, the district board shall determine, make and declare each item...
328.715 [1987 c.16 §2; 1987 c.823 §1; repealed by 1997 c.541 §389]
328.725 [1987 c.16 §5; 1987 c.823 §3; 1995 c.607 §71; repealed by 1997 c.541 §389]
328.735 [1987 c.16 §3; 1989 c.236 §1; 1991 c.167 §4; repealed by 1997 c.541 §389]
328.745 [1987 c.16 §4; repealed by 1997 c.541 §389]
328.990 [Repealed by 1965 c.100 §456]

Last modified: August 7, 2008