{"data":{"id":"us-or/ors-267.310","jurisdiction":"us-or","citation":"ORS 267.310","heading":"Revolving fund; authority to levy ad valorem taxes for fund.","body":"For the purpose of establishing a revolving fund to provide money to finance the planning and construction, acquisition, purchase or lease of a mass transit system, a district board may levy an ad valorem tax of not to exceed in any one year three-twentieth of one percent (0.0015) of real market value of all taxable property within the district. The revenue derived from such taxes shall be credited to a revolving fund, and shall be disbursed by the district board and used only for the purpose for which levied.","path":["07 - Public Facilities and Finance","24. Public Organizations for Community Service","Chapter 267 — Mass Transit Districts; Transportation Districts"],"source_url":"https://www.oregonlegislature.gov/bills_laws/ors/ors267.html","current_through":"2025 Edition","vintage":"","retrieved_at":"2026-09-03T23:50:12Z","sha256":"4be58a2493587206680fa6472dde741416ebdb81959f706754ece3a6c45ae732","source_id":"us-or","stale":false,"prev":"us-or/ors-267.305","next":"us-or/ors-267.320"},"notice":"GroundRules: Original legal text. Not legal advice."}