{"data":{"id":"us-or/ors-552.635","jurisdiction":"us-or","citation":"ORS 552.635","heading":"Levy to establish revolving fund; use of fund.","body":"For the purpose of establishing a revolving fund to provide money to finance the planning and construction of district works, a district board may levy an ad valorem tax of not to exceed in any one year three-twentieths 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":["15 - Water Resources, Agriculture and Food","45. Water Resources: Irrigation, Drainage, Flood Control, Reclamation","Chapter 552 — Water Improvement Districts"],"source_url":"https://www.oregonlegislature.gov/bills_laws/ors/ors552.html","current_through":"2025 Edition","vintage":"","retrieved_at":"2026-09-03T23:50:15Z","sha256":"3f0112beda946cf27037365ad6fd8ea0ab9fff96df863d8373fe3aaef0720b6c","source_id":"us-or","stale":false,"prev":"us-or/ors-552.630","next":"us-or/ors-552.645"},"notice":"GroundRules: Original legal text. Not legal advice."}