{"data":{"id":"us-or/ors-320.183","jurisdiction":"us-or","citation":"ORS 320.183","heading":"Long-term facilities plan for capital improvements.","body":"(1) After deducting the costs of administering a construction tax and payment of refunds of such taxes, a school district shall use net revenues only for capital improvements.\n      (2) A construction tax may not be imposed under ORS 320.170 to 320.195 unless the school district imposing the tax develops a long-term facilities plan for making capital improvements. The plan shall be adopted by resolution of the district board of the school district.\n      (3) As used in this section, “capital improvements”:\n      (a) Means:\n      (A) The acquisition of land;\n      (B) The construction, reconstruction or improvement of school facilities;\n      (C) The acquisition or installation of equipment, furnishings or other tangible property;\n      (D) The expenditure of funds for architectural, engineering, legal or similar costs related to capital improvements and any other expenditures for assets that have a useful life of more than one year; or\n      (E) The payment of obligations and related costs of issuance that are issued to finance or refinance capital improvements.\n      (b) Does not include operating costs or costs of routine maintenance.","path":["08 - Revenue and Taxation","29. Revenue and Taxation","Chapter 320 — Miscellaneous Taxes"],"source_url":"https://www.oregonlegislature.gov/bills_laws/ors/ors320.html","current_through":"2025 Edition","vintage":"","retrieved_at":"2026-09-03T23:50:13Z","sha256":"72b40e5b4fac5ec19a0aeda6c1203d5bac731835715383e899a64b8a5bb11577","source_id":"us-or","stale":false,"prev":"us-or/ors-320.179","next":"us-or/ors-320.186"},"notice":"GroundRules: Original legal text. Not legal advice."}