Financing construction, operation or maintenance of district works; local option taxes prohibited. (1) The board of directors may finance the construction, operation or maintenance of district works by the following means

(a) Assessments made under ORS 550.310 against the benefited lands in the district, with or without the issuance of works bonds.

(b) Service and user charges imposed under ORS 550.330, with or without the issuance of revenue bonds.

(c) Issuance of general obligation bonds under ORS 550.340.

(d) Assessments against benefited lands within the managed floodplain made under ORS 550.312.

(e) Imposition of the flood safety intergovernmental fee under ORS 550.314.

(f) Any other means authorized by law.

(g) Any combination of the means described in this section.

(2) Notwithstanding subsection (1) of this section, the board of directors may not levy local option taxes under ORS 280.040 to 280.145. [2019 c.621 §16; 2022 c.16 §13; 2024 c.49 §6]