Resources are not considered budget resources and are not required to be budgeted if the following three criteria are met:
- (1) The municipal corporation holds the resources merely for safekeeping;
- (2) Expenditure of resources is not under the control of the municipal corporation or a third party chosen by the municipal corporation; and
- (3) The resources are expended for the purpose other than that for which the municipal corporation levies a tax or expends funds.
- (4) In addition, resources are not budgeted resources if the criteria of ORS 294.361(3) and 294.338(2) are met.
Statutory/Other Authority
ORS 305.100
Statutes/Other Implemented
ORS 294.361
History
Renumbered from 150-294.370, REV 41-2016, f. 8-12-16, cert. ef. 9-1-16
REV 4-1998, f. & cert. ef. 6-30-98
RD 2-1995, f. 12-29-95, cert. ef. 12-31-95
RD 5-1989, f. 12-18-89, cert. ef. 12-31-89, Renumbered from 150-294.361(1)
RD 9-1986, f. & cert. ef. 12-31-86