2011 ORS § 280.040¹
Definitions for ORS 280.040 to 280.145
  • use of certain tax revenues

(1) As used in ORS 280.040 (Definitions for ORS 280.040 to 280.145) to 280.145 (Serial levy under former law):

(a) Local option tax means a tax described under section 11 (4) or (7)(c), Article XI of the Oregon Constitution.

(b) Subdivision includes only such counties, municipal corporations, quasi-municipal corporations and civil or political corporations or subdivisions as are empowered by law to levy ad valorem property taxes, except that subdivision does not include an education service district.

(2) All ad valorem tax revenues that are received by any subdivision as a result of a levy under ORS 280.040 (Definitions for ORS 280.040 to 280.145) to 280.090 (Submission of several proposals to impose local option taxes) and that are derived from an ad valorem tax levied for purposes other than general operations shall be:

(a) Kept by the treasurer or other financial officer in a fund that is separate and distinct from other funds of the subdivision.

(b) Expended only for the purpose for which the taxes were imposed. [Amended by 1997 c.541 §302; 1999 c.632 §21; 1999 c.1094 §1]