The State Superintendent of Public Instruction shall approve additional bonded indebtedness for a nonstandard or conditionally standard school district as described in ORS 328.205 when:
- (1) The purpose of the revenues is listed under ORS 328.280(1) and is included in the district’s plan to correct the deficiencies causing the nonstandard or conditionally standard status.
- (2) The district demonstrates that in contracting for bonded indebtedness it will not impair or delay its efforts in becoming a standard district.
Statutory/Other Authority
ORS 328.205
Statutes/Other Implemented
ORS 328.205
History
EB 6-1991, f. & cert. ef. 4-3-91