Chapter 328 — Chapter 328

ORS 328.315 [Repealed by 1957 c.53 §3]

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ORS 328.316 Impact aid revenue bonds; issuance; requirements. (1) Pursuant to an agreement between a school district board and the governing body of an Indian tribe whose reservation is located partly or wholly within the district, a school district board, by resolution, may issue negotiable impact aid revenue bonds pursuant to this section

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ORS 328.318 Funds required for impact aid revenue bonds. If a school district board issues impact aid revenue bonds under ORS 328.316, the board shall establish

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ORS 328.320 [Repealed by 1957 c.53 §3]

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ORS 328.321 Definitions for ORS 328.321 to 328.356. As used in ORS 328.321 to 328.356

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ORS 328.325 [Repealed by 1957 c.53 §3]

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ORS 328.326 State guaranty of school bonds allowed. (1)(a) The State Treasurer may, by issuing a certificate of qualification to a school district, pledge the full faith and credit and taxing power of the state to guarantee full and timely payment of the principal of, either at the stated maturity or by any advancement of maturity pursuant to a mandatory sinking fund payment, and interest on school bonds as such payments shall become due, except that in the event of any acceleration of the due date of such principal by reason of mandatory or optional redemption or acceleration resulting from default or otherwise, other than any advancement of maturity pursuant to a mandatory sinking fund payment, the payments guaranteed shall be made in such amounts and at such times as such payments of principal would have been due had there not been any such acceleration

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ORS 328.330 [Repealed by 1957 c.53 §3]

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ORS 328.331 Certificate evidencing qualification for state guaranty; conditions and standards for qualification; rules. (1) Any school district may request that the State Treasurer issue a certificate evidencing qualification of its school bonds for the state guaranty

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ORS 328.335 [Repealed by 1957 c.53 §3]

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ORS 328.336 Determination of ineligibility. (1)(a) If the State Treasurer determines that the state should not guarantee the school bonds of a school district, the State Treasurer shall

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ORS 328.340 [Repealed by 1957 c.53 §3]

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ORS 328.341 Transfer by school districts or State Treasurer of moneys to pay debt service on school bonds. (1)(a) Each school district with outstanding, unpaid school bonds issued with the state guaranty shall transfer moneys sufficient for the scheduled debt service payment to its paying agent at least 15 days before any principal or interest payment date for the school bonds

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ORS 328.345 [Repealed by 1957 c.53 §3]

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ORS 328.346 Recovery from school districts of payments on school bonds by State Treasurer. (1)(a) If one or more payments on school bonds are made by the State Treasurer as provided in ORS 328.341, the State Treasurer shall pursue recovery from the school district of all moneys necessary to reimburse the state for all amounts paid by the treasurer to the paying agent, as well as interest, penalties and any additional costs incurred by the treasurer as described in this section. In seeking recovery, the State Treasurer may

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ORS 328.348 Security for school bond obligations. (1) Except for moneys subject to the intercept provided in ORS 328.346 (1)(a), a school district may pledge as security for its obligation to reimburse the state under ORS 328.346 (2) any

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ORS 328.350 [Repealed by 1957 c.53 §3]

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ORS 328.351 Powers of State Treasurer when state funds are insufficient for payment of debt service. (1) If, at the time the state is required to make a debt service payment under the state guaranty on behalf of a school district, sufficient moneys of the state are not on hand and available for that purpose, the State Treasurer may, singly or in any combination

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ORS 328.355 [Repealed by 1957 c.53 §3]

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ORS 328.356 State Treasurer subject to provisions regarding issuance of general obligation bonds. If the State Treasurer issues state bonds, the treasurer shall be subject to the provisions of ORS 291.445 as an agency that is authorized to issue general obligation bonds that are ordinarily to be repaid from General Fund appropriations. [1997 c.614 §9; 1999 c.251 §8]

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ORS 328.360 [Repealed by 1957 c.53 §3]

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ORS 328.361 Short title. ORS 328.321 to 328.356 shall be known as the Oregon School Bond Guaranty Act. [1997 c.614 §1]

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ORS 328.365 [Repealed by 1957 c.53 §3]

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ORS 328.370 [Repealed by 1957 c.53 §3]

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ORS 328.380 [1953 c.72 §1; repealed by 1957 c.53 §3]

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ORS 328.405 [Repealed by 1963 c.544 §52]

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ORS 328.410 [Repealed by 1963 c.544 §52]

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ORS 328.415 [Repealed by 1965 c.100 §456]

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ORS 328.420 [Amended by 1963 c.544 §21; repealed by 1965 c.100 §456]

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ORS 328.425 [Repealed by 1963 c.544 §52]

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ORS 328.430 [Amended by 1957 c.110 §1; 1963 c.544 §22; repealed by 1965 c.100 §456]

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ORS 328.435 [Repealed by 1965 c.100 §456]

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ORS 328.440 [Repealed by 1953 c.89 §6]

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ORS 328.441 Custody and disbursement of school district funds. (1) Common school district boards and union high school district boards shall designate the persons to be custodians of school funds of their respective districts. Such funds shall be disbursed only in the manner provided by ORS 328.445 (1)

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ORS 328.445 Disbursement of school funds by check or warrant. (1) When funds are available for payment, school district obligations shall be paid by check bearing the original signature of the custodian of the district school funds; or if authorized by the district school board, the custodian’s facsimile signature

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ORS 328.450 School warrant procedure. (1) As used in this section, “school district obligation” includes salaries of district employees and other regularly contracted services

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ORS 328.455 [Repealed by 1965 c.100 §456]

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ORS 328.460 Cancellation of school warrants not presented for payment within seven years. (1) At the last regular district school board meeting preceding July 1 in each year, the district clerk shall certify to the board a list of all school district warrants which were called for payment more than seven years prior to July 1 next following the meeting, and which have not been paid. The certification shall state the amount of each of such warrants, to whom issued, and date of issuance. The district school board shall cause notice to be published. Publication shall be in some newspaper published in the district and having a general circulation therein, or if no newspaper is published in the district, then in some paper published in the county in which the school district is located having a general circulation in the district. The notice shall contain a statement that if such warrants are not presented for payment within 60 days from July 1, they will be canceled, and payment thereof will be refused

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ORS 328.465 Annual audit procedure. (1) All school district boards and education service district boards shall cause to have prepared an annual audit of the books and accounts of the school district or education service district in the manner set forth in subsection (2) or (3) of this section. The audit reports must be filed with the administrative office for the county in which the administrative office of the district is located on or before November 1 of the year in which the audit is conducted

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ORS 328.467 Audit determinations; deficiencies; correction; sanctions. (1)(a) In performing an audit required under ORS 328.465, the accountant under contract with a county, a school district board or an education service district board shall determine whether the school district or education service district has

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ORS 328.470 Purchase of automotive equipment; fund transfers. Notwithstanding ORS 280.040 to 280.145 and any other provision of law, any school district board by resolution may provide for the replacement or acquisition of automotive equipment by making transfers from the district’s general fund to a fund established for that purpose. Transfers to the fund shall be included in the school district budget prepared and published in accordance with ORS 294.305 to 294.565. If at any time conditions arise which dispense with the necessity for further transfers to or expenditures from a fund established pursuant to this section, the district school board shall so declare by resolution. The resolution shall order the balance remaining in such fund to be transferred to the general fund of the district and shall declare the fund closed. [1969 c.375 §2]

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ORS 328.505 [Amended by 1953 c.146 §1; repealed by 1959 c.262 §4]

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ORS 328.510 [Repealed by 1953 c.146 §2]

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ORS 328.515 [Amended by 1957 c.310 §4; repealed by 1959 c.262 §4]

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ORS 328.520 [Amended by 1955 c.486 §1; repealed by 1965 c.100 §456]

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ORS 328.525 [Repealed by 1963 c.544 §52]

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ORS 328.530 [Repealed by 1965 c.100 §456]

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ORS 328.535 [Repealed by 1965 c.100 §456]

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ORS 328.540 [Repealed by 1965 c.100 §456]

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ORS 328.542 Preparation of district budget; certification of taxes. (1) Subject to the Local Budget Law (ORS 294.305 to 294.565) and to sections 11 and 11b, Article XI, Oregon Constitution, each school district board shall prepare annually or biennially the budget of the school district and shall certify ad valorem property taxes to the assessor as provided by law

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