Oregon Administrative Rules
Chapter 581 - OREGON DEPARTMENT OF EDUCATION
Division 23 - SCHOOL FINANCE
Section 581-023-0060 - State Superintendent's Approval of Bonded Debt for Nonstandard and Conditionally Standard School Districts
Universal Citation: OR Admin Rules 581-023-0060
Current through Register Vol. 63, No. 9, September 1, 2024
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.
Stat. Auth.: ORS 328.205
Stats. Implemented: ORS 328.205
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