Oregon Administrative Rules
Chapter 150 - DEPARTMENT OF REVENUE
Division 294 - LOCAL BUDGET
Section 150-294-0340 - Establishing a Financial Reserve Fund
Universal Citation: OR Admin Rules 150-294-0340
Current through Register Vol. 63, No. 9, September 1, 2024
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.
Stat. Auth.: ORS 305.100
Stats. Implemented: ORS 294.346
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