Oregon Statutes - Chapter 376 - Ways of Necessity; Special Ways; Pedestrian Malls - Section 376.800 - Special fund for payment of damages and expenses; use of surplus.

(1) All collections of assessments and all proceeds of the sale of bonds issued upon unpaid assessments shall be placed in a special fund and used exclusively for the payment of the damages, if any, and expenses for which the assessments were levied.

(2) If there is a surplus in such special fund, the legislative body may expend such surplus for the improvement or operation of the pedestrian mall. [1961 c.666 §29]

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Last modified: August 7, 2008