Source: https://www.oregonlegislature.gov/bills_laws/ors/ors280.html
Timestamp: 2019-06-20 07:22:55
Document Index: 627259934

Matched Legal Cases: ['§92', '§1', '§7', '§7', '§9', '§41']

Chapter 280 — Financing of Local Public Projects and Improvements; City and County Economic Development
280.431 Required condition of purchase for low income single room occupancy housing project
280.470 Covenants in bonds allowed
280.482 Report required; contents
280.075 Ballot statements for local option tax measures. (1) Notwithstanding any other law and when not inconsistent with or otherwise provided for in the Oregon Constitution, whenever a proposed local option tax is submitted to a vote of the people by any subdivision, the statement in the ballot title for the measure that explains the chief purpose of the measure and gives reasons for the measure shall state the total amount of money to be raised by the proposed local option tax, in dollars and cents. If the statement in the ballot title for the measure submitted includes an estimated tax impact, it shall be based on the most current estimate of assessed value from the county assessor. The measure shall bear the statement: “The estimated tax cost for this measure is an ESTIMATE ONLY based on the best information available from the county assessor at the time of estimate and may reflect the impact of early payment discounts, compression and the collection rate.”
(3) The statement or statements required by subsections (1) and (2) of this section shall be added to and made a part of the 175-word statement required by ORS 250.035. The number of words contained in the statements described in subsections (1) and (2) of this section shall not be included in the 175-word limitation. [Formerly 310.395; 2007 c.783 §92; 2015 c.41 §1]
280.431 Required condition of purchase for low income single room occupancy housing project. Low income single room occupancy housing projects shall not be sold to any purchaser who does not agree as a condition of purchase to maintain the property as low income single room occupancy housing for at least 30 years or the term of the mortgage, whichever period is shorter. [1981 c.368 §7]
280.470 Covenants in bonds allowed. The official action authorizing the issuance of bonds under ORS 280.410 to 280.485 to finance or refinance in whole or in part, the acquisition, construction, installation, reconstruction, improvement, betterment or extension of any eligible project may contain covenants, notwithstanding that such covenants may limit the exercises of powers conferred by ORS 280.410 to 280.485 in the following respects and in such other respects as the city may decide:
280.482 Report required; contents. A city shall report to the Oregon Housing Stability Council and the Legislative Assembly, not later than February 1 of each odd-numbered year on the disposition within that city of the proceeds of bonds issued for the purposes of making mortgage loans under ORS 280.425 (3) and 280.430 (5). The report shall, as a minimum, identify the population, income levels and areas served by the housing program, the length of residence in dwellings purchased under the program and the degree to which the city considers the program’s initial objectives have been achieved. The report shall be reviewed by the Oregon Housing Stability Council and the council shall make its comments on the report known to the city and the Legislative Assembly. [1979 c.865 §7; 2003 c.286 §9; 2015 c.180 §41]