Reserves funds under ORS 294.346 may be established only for those purposes set out in ORS 280.050; i.e., for the financing of a service, project, property or equipment which the municipal corporation is authorized to perform, construct or acquire and for repairs and improvements thereto and maintenance and replacement thereof. Reserves for undefined purposes or projects are not permitted.

Statutory/Other Authority

ORS 305.100

Statutes/Other Implemented

ORS 294.346

History

Renumbered from 150-294.346, REV 41-2016, f. 8-12-16, cert. ef. 9-1-16
Renumbered from 150-294.525, REV 7-2012, f. 7-26-12, cert. ef. 8-1-12
REV 4-1999, f. 12-1-99, cert. ef. 12-31-99, Renumbered from 150-280.100