Petition or resolution for formation to propose special levy for certain purposes
Electors’ petitions and resolutions for formation of a district shall include a proposal for the authorization of the district to impose a special levy of a certain amount to finance an engineer’s report on revenue bonds for the acquisition or construction of the initial utility system, including the replacement value of the unreimbursed investment of an investor owned utility in energy efficiency measures and installations within the proposed district, the election under ORS 261.355 (Procedure for issuance and sale of revenue bonds) (10) and costs associated with them. [1979 c.558 §12; 1991 c.358 §2; 1991 c.572 §4]
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