ORS 328.565¹
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 amended and in effect on January 1, 2002.

(2) A district school board may contract indebtedness as provided under ORS 287A.180 (Short-term borrowing by public body).

(3) A district school board may issue qualified zone academy bonds or similar tax credit bonds authorized by resolution of the district school board. Unless the bond issue has been approved by electors under ORS 328.205 (Power to contract bonded indebtedness) to 328.304 (County education bond district), the district school board must issue the bonds as revenue bonds under ORS 287A.150 (Authority of public body to issue revenue bonds). [Formerly 332.085 and then 332.125; 1983 c.124 §9; 1985 c.356 §4; 1993 c.97 §25; 2001 c.537 §5; 2007 c.783 §133]

Atty. Gen. Opinions

School districts expenditure of funds set aside for potential unemploy­ment insurance liability for operating the district, (1976) Vol 38, p 304

Law Review Cita­tions

69 OLR 311 (1990)

1 Legislative Counsel Committee, CHAPTER 328—Local Financing of Education, https://­www.­oregonlegislature.­gov/­bills_laws/­Archive/­2007ors328.­pdf (2007) (last ac­cessed Feb. 12, 2009).
2 Legislative Counsel Committee, Annotations to the Oregon Revised Stat­utes, Cumulative Supplement - 2007, Chapter 328, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­328ano.­htm (2007) (last ac­cessed Feb. 12, 2009).
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