Supplemental budget not required in certain cases
A municipal corporation is not required to adopt a supplemental budget to:
(1) Expend during the current year or current budget period proceeds of the sale of the following bonds or other obligations:
(a) Bonds that are issued under ORS 287A.150 (Authority of public body to issue revenue bonds) and for which the referral period described in ORS 287A.150 (Authority of public body to issue revenue bonds) ended after the preparation of the budget for the current year or current budget period.
(b) Bonds or other obligations that were approved by the electors during the current year or current budget period.
(c) Bonds or other obligations issued during the current year or current budget period to refund previously issued bonds or obligations.
(2) Expend during the current year or current budget period other funds to pay the principal and interest coming due on bonds or other obligations listed in subsection (1) of this section.
(3) Expend assessments or other revenues to redeem bonds or other obligations that are payable from the assessments or other revenues, when the assessments or other revenues are received as a result of prepayments or other unforeseen circumstances. [1993 c.97 §4; 1995 c.333 §9; 1997 c.308 §28; 2001 c.135 §26; 2003 c.195 §26; 2005 c.443 §28; 2007 c.783 §121]
3 OregonLaws.org assembles these lists by analyzing references between Sections. Each listed item refers back to the current Section in its own text. The result reveals relationships in the code that may not have otherwise been apparent. Currency Information