Sale of land for delinquent assessments
- • district as purchaser
- • payment of proceeds into emergency fund
- • purchase price paid by district
The district shall appear as a bidder at the sale of any lands for delinquent assessments made under ORS 545.565 (Refunding bonds) to 545.621 (Exchange of refunding bonds for outstanding indebtedness), and may purchase and take title to the lands and dispose of them like any other purchaser. On any sale by the district, the proceeds from the sale, after the payment of expenses of the sale, shall be paid into the emergency fund. When at a tax sale there is no other bidder for the full amount of the delinquency, including interest and penalties, the district shall bid and buy in the land to protect its assessments. However, the district shall never bid or pay a greater sum than the total of all assessments levied under ORS 545.565 (Refunding bonds) to 545.621 (Exchange of refunding bonds for outstanding indebtedness) with interest and penalties, and delinquent general taxes. [Formerly 545.272]
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