reglab/housing_qa huggingface dataset:
OR Rev Stat § 328.210 (2021)
2021 Oregon Revised Statutes|Volume : 09 - Education and Culture|Chapter 328 - Local Financing of Education|Section 328.210 - Bond elections.

(1) The board of directors of a common or union high school district shall call an election on a date specified in ORS 255.345 for the purpose of submitting to the electors of the district a question of contracting bonded indebtedness under ORS 328.205 when: (a) A majority of the board of directors decides to call such an election; or (b) A petition requesting such an election is filed with the board of directors as provided in this section. (2) The requirements for preparing, circulating and filing a petition under this section shall be as provided for an initiative petition in ORS 255.135 to 255.205. The petition shall specify the proposed amount of bonded indebtedness. [Amended by 1957 c.658 §2; 1965 c.100 §50; 1971 c.513 §62; 1973 c.57 §1; 1973 c.796 §25; 1979 c.424 §1; 1983 c.83 §46; 1983 c.350 §138]
OR Rev Stat § 328.213 (2021)
2021 Oregon Revised Statutes|Volume : 09 - Education and Culture|Chapter 328 - Local Financing of Education|Section 328.213 - Issuance of negotiable interest-bearing warrants.

(1) When authorized by a majority of the electors of the district, the board of a common or union high school district may contract a district debt for an amount which together with outstanding bonded indebtedness shall not exceed the bonding limit of the district as provided by ORS 328.245, for the purposes specified in ORS 328.205 and issue negotiable interest-bearing warrants of the district, evidencing such debt, and fix the time of payment of the warrants. Such warrants shall be considered a type of bond. (2) The school district, not more often than once a year, may levy a tax on the taxable property of the district to pay the warrant interest or principal when due. The taxes shall be collected in the same manner as other school taxes. These warrants shall be sold, and the principal and interest provided for and paid when due in the manner provided by law for bonds issued under this chapter. [Formerly 328.285; 1971 c.513 §63; 1983 c.83 §47; 1991 c.67 §81]
OR Rev Stat § 328.230 (2021)
2021 Oregon Revised Statutes|Volume : 09 - Education and Culture|Chapter 328 - Local Financing of Education|Section 328.230 - Issuance of bonds upon favorable vote.

If the electors of the district approve the contracting of bonded indebtedness, the bonds shall be issued as prescribed in ORS chapter 287A. [Amended by 1965 c.100 §53; 1971 c.140 §1; 1983 c.350 §139; 2007 c.783 §128]
OR Rev Stat § 328.240 (2021)
2021 Oregon Revised Statutes|Volume : 09 - Education and Culture|Chapter 328 - Local Financing of Education|Section 328.240 - Place of payment.

The principal and interest on district bonds are payable in lawful money of the United States of America at the office of the treasurer or fiscal officer of the county in which the major portion of the assessed valuation of the district is located at the time the bonds are issued. [Amended by 1965 c.100 §54; 1983 c.347 §22]
OR Rev Stat § 328.245 (2021)
2021 Oregon Revised Statutes|Volume : 09 - Education and Culture|Chapter 328 - Local Financing of Education|Section 328.245 - Limitation on bonded debt of districts generally.

The aggregate amount of such district bonded indebtedness, including indebtedness authorized under ORS 328.213, shall not exceed the following percentages of real market value of all taxable property within the district, computed in accordance with ORS 308.207: (1) For each grade from kindergarten to eighth for which the district operates schools, fifty-five one-hundredths of one percent (0.0055) of the real market value. (2) For each grade from the 9th to 12th for which the district operates schools, seventy-five one-hundredths of one percent (0.0075) of the real market value. [Amended by 1953 c.697 §2; 1955 c.325 §1; 1957 c.639 §1; 1959 c.641 §34; 1963 c.9 §16; 1965 c.100 §55; 1971 c.513 §64; 1975 c.770 §5a; 1991 c.459 §384]
OR Rev Stat § 328.250 (2021)
2021 Oregon Revised Statutes|Volume : 09 - Education and Culture|Chapter 328 - Local Financing of Education|Section 328.250 - Limitation on bonded indebtedness of enlarged or reorganized school districts.

In any school district created by merger or reorganization, the amount of bonded indebtedness and negotiable interest-bearing warrant indebtedness which may be incurred under ORS 328.245 shall be reduced by the amount of premerger, prereorganization, bonded indebtedness and negotiable interest-bearing warrant indebtedness for which any school district included in an enlarged or reorganized school district remains liable. [Amended by 1965 c.100 §56]
OR Rev Stat § 328.255 (2021)
2021 Oregon Revised Statutes|Volume : 09 - Education and Culture|Chapter 328 - Local Financing of Education|Section 328.255 - Registration of bonds and negotiable interest-bearing warrants; delivery; disposition of proceeds of sale of bonds; noncontestability.

(1) The county treasurer or county fiscal officer shall register each school district bond, including refunding bonds, and negotiable interest-bearing warrants in a book kept for that purpose, noting the school district, amount, date, time and place of payment, rate of interest and such other facts as may be deemed proper. The county treasurer or fiscal officer shall cause the bonds or warrants to be delivered promptly to the purchasers thereof upon payment therefor, and if the place of delivery is outside the city in which the county treasurer or county fiscal officer’s office is situated the cost of delivery of the bonds or warrants shall be paid by the issuing school district. (2) The county treasurer or county fiscal officer or a custodial officer as defined in ORS 294.004 may hold the proceeds of the sale of the bonds or warrants for all school districts subject to the order of the district school board to be used solely for the purpose for which the bonds or warrants were issued. If the treasurer or fiscal officer holds the proceeds initially, then the treasurer or fiscal officer, as soon as practicable, shall deliver the proceeds of the sale of the bonds and warrants to the person designated as custodian of the school district funds under ORS 328.441. (3) When the bonds or warrants have been so executed, registered and delivered, their legality shall not be open to contest by the school district, or by any person for or on its behalf, for any reason whatever. [Amended by 1953 c.236 §2; 1955 c.312 §1; 1965 c.100 §57; 1981 c.441 §1; 2003 c.226 §7]
OR Rev Stat § 328.260 (2021)
2021 Oregon Revised Statutes|Volume : 09 - Education and Culture|Chapter 328 - Local Financing of Education|Section 328.260 - Tax levy to pay interest and principal of bonds; use of funds derived from tax.

(1) The district school board shall ascertain and levy annually, in addition to all other taxes, a direct ad valorem tax on all the taxable property in the school district, sufficient to pay the maturing interest and principal of all serial school district bonds promptly when and as such payments become due. The amount of the tax may be increased by an amount sufficient to retire any bonds that may be callable. The board shall in each year include the taxes in the school district budget for such year. The taxes shall in each year be certified, extended upon the tax rolls and collected by the same officers in the same manner and at the same time as the taxes for general county purposes. (2) The funds derived from the tax levies may be retained by the county treasurer or county fiscal officer without being paid to the school district or may be held in trust by an insured institution or trust company, as defined in ORS 706.008, designated by the district to hold the funds. The funds shall be kept in a separate fund to be known as and designated "School District No. ___ Bond Interest and Sinking Fund," which shall be irrevocably pledged to and used solely for the payment of the interest accruing on and the principal of the bonds when due, so long as any of the bonds or the coupons thereto appertaining remain outstanding and unpaid. The interest earnings of the fund shall be credited thereto and become a part thereof. For failure to retain and account for such funds, as provided in this section, the county treasurer, county fiscal officer or insured institution or trust company designated by the district shall be liable upon the official bond of the treasurer, other officer or institution, respectively. (3) The fund shall not be diverted or used for any other purpose; but if a surplus remains after all interest and principal have been paid on all serial school district bonds then outstanding and unpaid, the surplus may be transferred to such other fund as the district school board may direct. [Amended by 1955 c.467 §1; 1965 c.100 §57a; 1981 c.441 §2; 1985 c.762 §184; 1997 c.631 §461]
OR Rev Stat § 328.265 (2021)
2021 Oregon Revised Statutes|Volume : 09 - Education and Culture|Chapter 328 - Local Financing of Education|Section 328.265 - School district bond tax levied by county.

(1) The district school board of each school district having an outstanding bond issue shall file annually with the county treasurer or county fiscal officer a copy of the school district budget and tax levy. (2)(a) If the tax required by ORS 328.260 is not levied by the district school board, the county treasurer shall certify the amount necessary to the governing body of the county which shall then levy a tax on all taxable property in the appropriate school district sufficient to raise the required amount. (b) If the school district has established tax zones pursuant to ORS 328.570 to 328.579, a levy imposed under this subsection shall be apportioned among the tax zones of the school district consistently, with the percentages set forth in the resolution adopted under ORS 328.576. (3) The county assessor shall extend the tax so levied upon the county tax rolls for such school district. The tax collector shall collect the tax and pay the sums collected into the county treasury to the credit of the fund established by ORS 328.260. [Amended by 1965 c.100 §58; 1973 c.305 §14; 2001 c.246 §6]
OR Rev Stat § 328.270 (2021)
2021 Oregon Revised Statutes|Volume : 09 - Education and Culture|Chapter 328 - Local Financing of Education|Section 328.270 - Payment of principal and interest; collection commission.

(1) The county treasurer or county fiscal officer must cause to be paid out of any money in the hands of the county treasurer or county fiscal officer belonging to the school district, the interest on or principal of, as the case may be, any bond issued by the district promptly when and as the same becomes due at the place of payment designated in such coupons or bonds. All coupons or bonds so paid must be immediately reported to the district school board. (2) No county treasurer, county fiscal officer or district school board shall pay to the purchaser of any bond issued by a school district, or to any agency representing such purchaser, any commission whatsoever for the collection of the interest on or principal of any such bond. The county treasurer or county fiscal officer shall not be required to remit to the purchaser of any bonds or coupons the amount necessary to redeem them until the day such bonds or coupons are due. [Amended by 1965 c.100 §58a]
OR Rev Stat § 328.275 (2021)
2021 Oregon Revised Statutes|Volume : 09 - Education and Culture|Chapter 328 - Local Financing of Education|Section 328.275 - Redemption and payment of bonds.

(1) Whenever the sinking fund mentioned in ORS 328.260 is sufficient to permit the redemption of any bond then subject to redemption at the option of the school district, the county treasurer or fiscal officer of the county having custody of such fund, when authorized by the district school board, shall call such bond for redemption in accordance with the terms of the bond. If any holder of such bond fails to present it at the time mentioned in the published notice of redemption, the interest thereon shall cease, and the treasurer shall thereafter pay only the amount of such bond and the interest accrued thereon up to the date of redemption. (2) When any bonds are so redeemed, the county treasurer or county fiscal officer shall cause the same to be canceled and write across or stamp upon the face thereof "Redeemed" and the date of redemption, and shall deliver them to the district school board of such school district and take its receipt therefor. (3) Each county treasurer or county fiscal officer and the sureties on the official bond of the county treasurer or fiscal officer as such, shall be liable to any school district in the county for any funds placed in the hands of such treasurer or county fiscal officer in connection with the school district’s bond issues. [Amended by 1965 c.100 §59; 1973 c.57 §2; 1983 c.347 §23]
OR Rev Stat § 328.280 (2021)
2021 Oregon Revised Statutes|Volume : 09 - Education and Culture|Chapter 328 - Local Financing of Education|Section 328.280 - Funding or refunding district indebtedness.

(1) Whenever any school district has any outstanding negotiable interest-bearing warrant indebtedness or bonded indebtedness incurred in building or furnishing any schoolhouse, or for the purchase of any schoolhouse site, or in refunding bonded indebtedness, or in funding warrant indebtedness, which is due or subject at the option of the school district to be paid or redeemed, the school district, by and through its district school board, may: (a) Issue and exchange, for any such indebtedness, its bonds bearing interest at a rate determined by the district school board; or (b) Issue and sell such bonds and apply the proceeds of such sale in payment of the indebtedness for the payment of which the refunding bonds are proposed to be issued. (2) Refunding bonds issued under subsection (1) of this section shall in all respects conform to, and be governed, as to their issue, by the provisions of ORS chapter 287A. (3) The debt limitations imposed by law shall not affect the right of any school district to issue refunding bonds under authority of this section. The validity of any bonds so issued, or of the indebtedness thereby refunded, shall not thereafter be open to contest by the school district or by any person for any reason. [Amended by 1965 c.100 §60; 1965 c.315 §1; 1981 c.94 §28; 1983 c.347 §24; 2007 c.783 §129]
OR Rev Stat § 328.285 (2021)
2021 Oregon Revised Statutes|Volume : 09 - Education and Culture|Chapter 328 - Local Financing of Education|Section 328.285

[Amended by 1961 c.260 §1; 1965 c.100 §51; renumbered 328.213]
OR Rev Stat § 328.295 (2021)
2021 Oregon Revised Statutes|Volume : 09 - Education and Culture|Chapter 328 - Local Financing of Education|Section 328.295 - Issuance of bonds and interest-bearing warrants.

All school bonds, including funding and refunding bonds, notes and negotiable interest-bearing warrants which have been specifically authorized by vote of the electors, shall be issued as prescribed in ORS chapter 287A. [Amended by 1965 c.100 §61; 1975 c.642 §21; 2007 c.783 §130]
OR Rev Stat § 328.300 (2021)
2021 Oregon Revised Statutes|Volume : 09 - Education and Culture|Chapter 328 - Local Financing of Education|Section 328.300 - Marketing bonds jointly or through association.

(1) Two or more school districts may join together to market the bond issues of the districts, subject to such terms and conditions as the districts may agree. (2) School districts may market bonds through an association of which school boards are members, subject to such terms and conditions as the school districts and the association may agree. [1993 c.554 §1]
OR Rev Stat § 328.316 (2021)
2021 Oregon Revised Statutes|Volume : 09 - Education and Culture|Chapter 328 - Local Financing of Education|Section 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. (2)(a) As used in paragraph (b) of this subsection, the average amount of impact aid revenues that a school district receives equals the total amount of impact aid revenues received by the school district for the five years immediately preceding the year the bonds are issued, divided by five. (b) The aggregate principal sum of impact aid revenue bonds that may be issued by a school district board may not exceed five times the average amount of impact aid revenues that the school district receives annually from the federal government. (3) A school district may use bond proceeds from impact aid revenue bonds to: (a) Pay the cost of school capital construction projects on the Indian reservation where the students reside for which the school district received impact aid revenues; (b) Pay the cost of bond-related expenses incurred by the school district; and (c) Fund any reserves or sinking accounts established by the resolution that authorized the issuance of the bonds. [2003 c.343 §3]
OR Rev Stat § 328.318 (2021)
2021 Oregon Revised Statutes|Volume : 09 - Education and Culture|Chapter 328 - Local Financing of Education|Section 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: (1) An impact aid revenue bond building fund consisting of the net proceeds received from the sale of the bonds. The fund shall be a continuing fund that is not subject to reversion to another fund. The board may use moneys in the fund only for the purposes specified in ORS 328.316 (3). (2) An impact aid revenue bond debt service fund consisting of moneys received by the school district as impact aid revenues. The board may use moneys in the fund only for the payment of debt service on impact aid revenue bonds. If any surplus remains after all interest and principal have been paid on all impact aid revenue bonds issued by the board then outstanding and unpaid, the board may transfer the surplus to another fund. [2003 c.343 §4] Note: Sections 37, 38 and 39, chapter 715, Oregon Laws 2003, provide: Sec. 37. Section 38 of this 2003 Act is added to and made a part of ORS chapter 328. [2003 c.715 §37] Sec. 38. Funds diversion agreement related to lease payments made to Indian tribe. (1) A school district may enter into a funds diversion agreement with the Department of Education for the purpose of making lease payments to an Indian tribe for the debt service costs of capital improvements of public school facilities on the reservation of the Indian tribe. A funds diversion agreement entered into under this section must contain all of the following provisions: (a) Moneys payable to the school district by the department from the State School Fund will be paid directly to a debt service account in amounts equal to the debt service owed by the school district. (b) The department must pay the amounts required under the funds diversion agreement to the debt service account agreed to by the Indian tribe and the school district. (c) The department must pay the amounts required under the funds diversion agreement pursuant to the schedule specified in the agreement before paying any other amounts to the school district. The agreement may provide an exception for amounts payable under a prior funds diversion agreement with the school district. (d) The agreement may not be revoked by the school district. (e) The agreement will remain in effect until all payments under the lease have been made. (2) If the department is not able to pay moneys to a debt service account as required by a funds diversion agreement, the department shall give notice to the school district within 30 days after becoming aware that the moneys will not be paid according to the agreement. (3) Nothing in this section or in any funds diversion agreement entered into under this section obligates the state or the department to pay an amount to a school district that is more than amounts the district is otherwise entitled to receive under law. [2003 c.715 §38] Sec. 39. Section 38 of this 2003 Act is repealed on June 30, 2029. [2003 c.715 §39]
OR Rev Stat § 328.321 (2021)
2021 Oregon Revised Statutes|Volume : 09 - Education and Culture|Chapter 328 - Local Financing of Education|Section 328.321 - Definitions for ORS 328.321 to 328.356.

As used in ORS 328.321 to 328.356: (1) "Common School Fund" means the state school fund described in section 2, Article VIII, Oregon Constitution. (2) "General obligation bond" has the meaning given that term in ORS 287A.001. (3) "Paying agent" means the corporate paying agent selected by the school district board for a school bond issue who is: (a) Duly qualified; and (b) Acceptable to the State Treasurer. (4) "School bond" means any general obligation bond issued by a school district. (5) "School district" means a common or union high school district, an education service district or a community college district. (6) "State bonds" means those general obligation bonds issued by the State of Oregon to meet its obligations under the state guaranty as described in ORS 328.351. (7) "State guaranty" means the pledge of the full faith and credit and taxing power of the State of Oregon to guarantee payment of eligible school bonds as set forth in ORS 328.321 to 328.356. [1997 c.614 §2; 1999 c.251 §1; 2007 c.783 §131] Note: 328.321 to 328.361 were enacted into law by the Legislative Assembly but were not added to or made a part of ORS chapter 328 or any series therein by legislative action. See Preface to Oregon Revised Statutes for further explanation.
OR Rev Stat § 328.326 (2021)
2021 Oregon Revised Statutes|Volume : 09 - Education and Culture|Chapter 328 - Local Financing of Education|Section 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. (b) The state guaranty shall not extend to the payment of any redemption premium. (c) Reference to ORS 328.321 to 328.356 by its title on the face of any school bond for which the State Treasurer has issued a certificate of qualification that is effective as of the date of the issuance of the school bond conclusively establishes the state guaranty. (2) Any school bond that has been refunded and was originally issued with a state guaranty will no longer have the benefit of the state guaranty. For purposes of this subsection, a school bond has been refunded if proceeds are deposited irrevocably in escrow to defease the applicable school bond. (3) Only school bonds issued under a valid certificate after December 3, 1998, may be eligible for the state guaranty. [1997 c.614 §3; 1999 c.251 §2] Note: See note under 328.321.