2007 ORS 457.460¹
Financial report required for agency
  • contents
  • notice

(1) An agency shall, by August 1 of each year, prepare a statement on the same basis on which its financial statements are prepared containing:

(a) The amount of money received during the preceding fiscal year under ORS 457.420 (Plan may provide for division of property taxes) to 457.460 (Financial report required for agency) and from indebtedness incurred under ORS 457.420 (Plan may provide for division of property taxes) to 457.460 (Financial report required for agency);

(b) The purposes and amounts for which any money received under ORS 457.420 (Plan may provide for division of property taxes) to 457.460 (Financial report required for agency) and from indebtedness incurred under ORS 457.420 (Plan may provide for division of property taxes) to 457.460 (Financial report required for agency) were expended during the preceding fiscal year;

(c) An estimate of moneys to be received during the current fiscal year under ORS 457.420 (Plan may provide for division of property taxes) to 457.460 (Financial report required for agency) and from indebtedness incurred under ORS 457.420 (Plan may provide for division of property taxes) to 457.460 (Financial report required for agency);

(d) A budget setting forth the purposes and estimated amounts for which the moneys which have been or will be received under ORS 457.420 (Plan may provide for division of property taxes) to 457.460 (Financial report required for agency) and from indebtedness incurred under ORS 457.420 (Plan may provide for division of property taxes) to 457.460 (Financial report required for agency) are to be expended during the current fiscal year; and

(e) An analysis of the impact, if any, of carrying out the urban renewal plan on the tax collections for the preceding year for all taxing districts included under ORS 457.430 (Certification of assessed value of property in urban renewal area).

(2) The statement required by subsection (1) of this section shall be filed with the governing body of the municipality. Notice shall be published that the statement has been prepared and is on file with the municipality and the agency and the information contained in the statement is available to all interested persons. The notice shall be published once a week for not less than two successive weeks before September 1 of the year for which the statement is required in accordance with ORS 457.115 (Manner of newspaper notice). The notice shall summarize the information required under subsection (1)(a) to (d) of this section and shall set forth in full the information required under subsection (1)(e) of this section. [1979 c.621 §23; 1991 c.459 §335c; 1997 c.541 §451]

_______________

Chapter 457

Notes of Decisions

Provisions of this chapter creating urban renewal agencies, and pro­vi­sions of Housing Authorities Law, ORS 456.055 (General definitions for ORS 456.055 to 456.235) to 456.235 (Dissolution of housing authorities), are parallel statutory schemes, and thus identical pro­vi­sions in the two acts will be given same effect. Housing Authority of Lane County v. Board of Commissioners, 35 Or App 785, 582 P2d 844 (1978), Sup Ct review denied

Atty. Gen. Opinions

Authority of urban renewal agency in selec­tion of projects and de­linea­tion of project boundaries, (1977) Vol 38, p 1062

1 Legislative Counsel Committee, CHAPTER 457—Urban Renewal, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­457.­html (2007) (last ac­cessed Feb. 12, 2009).
 
2 Legislative Counsel Committee, Annotations to the Oregon Revised Stat­utes, Cumulative Supplement - 2007, Chapter 457, https://­www.­oregonlegislature.­gov/­bills_laws/­ors/­457ano.­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.