(1) For the purpose of providing funds with which to put into effect one or any combination
of any of the purposes authorized under ORS 266.480, the district board, when authorized by a majority of those voting at an election
called for that purpose, may borrow money and sell and dispose of general obligation
(2) The district board:
(a) May order an election under this section on its own resolution; or
(b) Shall order an election under this section when a petition is filed as provided
in this section.
(3) A petition shall specify a dollar amount for carrying out any one or more of the
purposes authorized by ORS 266.480. The requirements for preparing, circulating and filing a petition under this section
shall be as provided for an initiative petition in ORS 255.135 to 255.205.
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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