reglab/statecodes huggingface dataset:
2023 Oregon Revised Statutes › Volume : 07 - Public Facilities and Finance › Chapter 294 - County and Municipal Financial Administration › Section 294.004 - Definitions.

For the purposes of this chapter, unless the context requires otherwise:
(1) "Local government" means any county, municipality, political subdivision or school district.
(2) "Custodial officer" means the officer having custody of the funds of any county, municipality, political subdivision or school district.
(3) "Deferred compensation plan" means a plan, established by any employer that is a county, municipality, political subdivision or school district, that has as its purposes the deferral of compensation to employees of such employer and the deferral of income taxation on such deferred compensation.
(4) "Deferred employee compensation" means funds under an agreement providing for payment at a future date by a municipal corporation for services currently rendered by an eligible employee in fixed or variable amounts for life or for a guaranteed number of years after retirement or termination of employment.
(5) "Nationally recognized statistical rating organization" has the meaning given that term in Rule 15c3-1 under the Securities Exchange Act of 1934, as amended.
(6) "Surplus funds" means all funds that are not pension funds and that are not required for immediate expenditure. [1975 c.359 §2; 1977 c.470 §1; subsection (4) enacted as 1977 c.102 §1; 1995 c.245 §1; 1997 c.179 §25]
2023 Oregon Revised Statutes › Volume : 07 - Public Facilities and Finance › Chapter 294 - County and Municipal Financial Administration › Section 294.005 - Definitions for ORS 294.005 to 294.025.

As used in ORS 294.005 to 294.025, unless the context requires otherwise:
(1) "Warrant" means a warrant issued by a subdivision.
(2) "Subdivision" means any county, municipal corporation, quasi-municipal corporation, or civil or political subdivision in this state.
2023 Oregon Revised Statutes › Volume : 07 - Public Facilities and Finance › Chapter 294 - County and Municipal Financial Administration › Section 294.015 - Payment on lost, stolen or destroyed warrants upon affidavit of owner, payee or representative.

A warrant may be paid without surrender or delivery thereof if the one claiming to be the lawful owner of the warrant:
(1) Satisfies the officer by whom payment is to be made that the warrant has been lost, stolen or destroyed prior to the owner having received value therefor or having negotiated the warrant; and
(2) Furnishes to the issuing officer a written statement signed by such person specifically alleging that the owner is the lawful owner, payee or legal representative of the lawful owner or payee of the original instrument giving the date of issue, the number, amount, for what services or claim the original instrument was issued and that the original instrument has been lost, destroyed or stolen, and has not been paid. However, if the lawful owner, payee or legal representative is (a) a bank or national bank, (b) the federal government or (c) this state or any board, department, commission or subdivision of this state, or any officer thereof in the officer’s official capacity, a certificate may be furnished in lieu of an affidavit or affirmation. The issuing officer may also, in the officer’s discretion, require the bank or national bank to furnish a satisfactory indemnity agreement executed by the bank or national bank. [Amended by 1979 c.763 §6]
2023 Oregon Revised Statutes › Volume : 07 - Public Facilities and Finance › Chapter 294 - County and Municipal Financial Administration › Section 294.025 - Effect of wrongful payment; liability of officer.

When any warrant is paid, other than as authorized by ORS 294.005 to 294.025, such wrongful payment does not relieve the political body issuing the warrant from liability to the true and lawful owner thereof. However, the officer or person making such wrongful payment and the sureties on the official bond of the officer or person, if any, shall be responsible to the political body represented by the officer or person in making such payment, for the full amount of the loss occasioned thereby. [Amended by 2005 c.22 §222]
2023 Oregon Revised Statutes › Volume : 07 - Public Facilities and Finance › Chapter 294 - County and Municipal Financial Administration › Section 294.027 - Provisions relating to warrants and payment of claims.

(1) In addition to any other provisions of law for the issuance and payment of warrants of any municipal or quasi-municipal corporation or civil subdivision of this state other than school districts, the governing body thereof may by resolution authorize such practices with respect to the form, issuance, delivery, indorsement and payment of warrants as it shall deem convenient, efficient and in the public interest, conforming substantially to those specified in subsection (1) or (2) of this section or in ORS 294.028.
(2) Such governing body may authorize the use of check-warrant forms, to be drawn by its appropriate warrant issuing officer or officers upon the custodian of its funds, so prepared that such custodian may, by subscribing a direction to the depository of such funds to pay the same to the order of the payee, convert the instrument to a check or, by subscribing an indorsement that such warrant is not paid for want of funds, convert the same to an interest-bearing warrant and such governing body may direct that such check-warrants shall not be delivered to the payees therein named until such direction or indorsement shall have been subscribed by the custodian of its funds.
(3) Such governing body may provide that when funds are available for the payment of approved claims, the approval of claims for payment shall, without the issuance of any warrant, be authority to the custodian of its funds to pay such claims by check. [1953 c.664 §1]
2023 Oregon Revised Statutes › Volume : 07 - Public Facilities and Finance › Chapter 294 - County and Municipal Financial Administration › Section 294.028 - Payment of warrants by depository.

When authorized by the governing body, any custodian of funds of any municipal or quasi-municipal corporation or civil subdivision of this state other than a school district may direct the depository of such funds to pay any warrant drawn upon such custodian upon presentment of such warrant to such depository, to the same extent and with the same effect as though such warrant were a check drawn upon such depository by such custodian. Such direction shall be in writing and shall identify by name and signature the warrant issuing officer or officers and such depository may rely upon such direction and identification in the payment of such warrants. [1953 c.664 §2]
2023 Oregon Revised Statutes › Volume : 07 - Public Facilities and Finance › Chapter 294 - County and Municipal Financial Administration › Section 294.029 - Provisions of ORS 294.027 and 294.028 not mandatory.

Nothing contained in ORS 294.027 or 294.028 shall be deemed to require any municipal or quasi-municipal corporation or civil subdivision of this state or any custodian of public funds to exercise any of the powers conferred by such sections. [1953 c.664 §3]
2023 Oregon Revised Statutes › Volume : 07 - Public Facilities and Finance › Chapter 294 - County and Municipal Financial Administration › Section 294.030 - Deductions for bonds from compensation of municipal and other employees; purchasing bonds in advance.

(1) The governing body of a municipal corporation, quasi-municipal corporation or civil subdivision of the state may, with the approval of the relevant employees of the municipal corporation, quasi-municipal corporation or civil subdivision, make deductions from their salaries and wages for the purpose of purchasing for them United States War Savings Bonds or other federal obligations.
(2) The governing body shall take proper precautions for the depositing, securing and disbursing of the sums so deducted and for the delivering of all bonds or other obligations purchased.
(3) Balances to the credit of the accounts in which the sums so deducted are deposited may be used for the purchase in advance, from the federal government or from any federal reserve bank or other authorized federal agency, of war savings bonds or other obligations of the federal government, either in blank or in inscribed form, in convenient denominations to meet the requirements of the purchasers thereof.
2023 Oregon Revised Statutes › Volume : 07 - Public Facilities and Finance › Chapter 294 - County and Municipal Financial Administration › Section 294.033 - Investment of deferred compensation funds.

Funds set aside by any local government pursuant to a deferred compensation plan may be invested in any investment enumerated in ORS 294.035 and are not subject to the collateral requirements of ORS chapter 295. [1977 c.470 §3; 1997 c.179 §26; 2005 c.91 §1]
2023 Oregon Revised Statutes › Volume : 07 - Public Facilities and Finance › Chapter 294 - County and Municipal Financial Administration › Section 294.040 - Restriction on investments under ORS 294.035.

The bonds listed in ORS 294.035 (3)(a) to (c) may be purchased only if there has been no default in payment of either the principal of or the interest on the obligations of the issuing county, port, school district or city, for a period of five years next preceding the date of the investment. [Amended by 1995 c.245 §3; 2005 c.443 §21]
2023 Oregon Revised Statutes › Volume : 07 - Public Facilities and Finance › Chapter 294 - County and Municipal Financial Administration › Section 294.046 - List of approved securities for investment under ORS 294.035; distribution.

The State Treasurer shall prepare and keep current a list of agencies and instrumentalities of the United States with available obligations that any county, municipality, political subdivision or school district may invest in under ORS 294.035 (3)(a) and 294.040. The list shall be distributed, upon request, to any county, municipality, political subdivision or school district. [1973 c.157 §3; 1975 c.359 §4; 1995 c.245 §4; 2005 c.443 §22]
2023 Oregon Revised Statutes › Volume : 07 - Public Facilities and Finance › Chapter 294 - County and Municipal Financial Administration › Section 294.047 - Loss of principal on liquidation of investments.

Whenever the custodial officer is forced to liquidate investments made pursuant to ORS 294.035 and 294.040 to meet current cash demands and such liquidation results in a loss of invested principal because the securities were liquidated prior to maturity under market conditions unfavorable to such liquidation, the loss shall be charged against current or future investment earnings and the custodial officer shall not be personally liable to make good such loss. [1959 c.612 §1; 1963 c.465 §1; 1975 c.359 §5]
2023 Oregon Revised Statutes › Volume : 07 - Public Facilities and Finance › Chapter 294 - County and Municipal Financial Administration › Section 294.048 - Borrowing money when premature withdrawal or liquidation of certain investments would cause loss.

When funds invested under ORS 294.035 (3)(d) are required to meet current cash demands and when withdrawal or liquidation of such investments at the time would cause a loss because the investment would be withdrawn or liquidated prior to maturity, the custodial officer may, after receiving the approval of the governing body, borrow funds on short-term promissory notes that shall be secured by pledging or assigning the investments held under ORS 294.035 (3)(d). The notes shall mature in not more than six months after date of issue. If a lender demands physical possession of the certificates of deposit or other evidence of an investment pledged or assigned under this section, the custodial officer shall deliver the certificate or other evidence to the lender. [1967 c.411 §1; 1975 c.359 §6; 1995 c.245 §5; 2005 c.443 §23]
2023 Oregon Revised Statutes › Volume : 07 - Public Facilities and Finance › Chapter 294 - County and Municipal Financial Administration › Section 294.052 - Definitions; investment by municipality of proceeds of bonds.

(1) As used in this section:
(a) "Bond" has the meaning given that term in ORS 287A.001.
(b) "Municipality" means a unit of local government within Oregon including, but not limited to, cities, counties, school districts, special districts, public corporations and intergovernmental corporations organized under the authority of ORS 190.010.
(2) Notwithstanding ORS 294.135 or 294.145 or any other law or charter provision, a municipality may invest proceeds of bonds and amounts held in a bond payment reserve or proceeds fund or account in float agreements, debt service deposit agreements, forward investment agreements, guaranteed investment contracts or other investment agreements if the agreements or contracts:
(a) Produce a guaranteed rate of return;
(b) Are fully collateralized by direct obligations of, or obligations guaranteed by, the United States; and
(c) Require that the collateral be held by the municipality, an agent of the municipality or a third-party safekeeping agent. [1999 c.559 §21; 2001 c.537 §7; 2007 c.783 §117]
2023 Oregon Revised Statutes › Volume : 07 - Public Facilities and Finance › Chapter 294 - County and Municipal Financial Administration › Section 294.053 - Investment by county in master warrants of county.

A county treasurer may invest any sinking fund, bond fund or surplus of funds in the custody of the county treasurer in master warrants of that county issued under ORS 287A.482 to 287A.488. [1959 c.208 §1]
2023 Oregon Revised Statutes › Volume : 07 - Public Facilities and Finance › Chapter 294 - County and Municipal Financial Administration › Section 294.055 - Use by counties of moneys received from federal government under the Mineral Leasing Act.

All funds received from the United States Government under the Mineral Leasing Act and Acts amendatory thereof and distributed to counties pursuant to ORS 293.565 shall be used for the support of public schools or for the construction and maintenance of public roads in such counties.
2023 Oregon Revised Statutes › Volume : 07 - Public Facilities and Finance › Chapter 294 - County and Municipal Financial Administration › Section 294.065 - Use by counties of moneys received from federal government under the federal Flood Control Act.

All moneys received from the United States Government under the federal Flood Control Act, and Acts amendatory thereof and supplemental thereto, and distributed to counties pursuant to ORS 293.570, shall be used for the benefit of the public schools and public roads of the counties receiving the funds.
2023 Oregon Revised Statutes › Volume : 07 - Public Facilities and Finance › Chapter 294 - County and Municipal Financial Administration › Section 294.070 - Expenditure of Taylor Grazing Act funds; advisory board.

(1) Except for moneys required to be expended through the county general fund as required by subsection (5) of this section, all moneys paid to a county under ORS 293.575 shall be deposited with the county treasurer and credited to a special fund designated the Range Improvement Fund of Grazing District No. _____. The county treasurer as ex officio district treasurer shall disburse the moneys in the Range Improvement Fund only upon the written order of the grazing advisory board.
(2) Except as provided in subsection (4) of this section, money from grazing fees of grazing districts shall be expended within such district as the grazing advisory board may direct and shall be expended only for range improvements, such as fences, reservoirs, wells, water development, maintenance and other range improvements approved by the grazing advisory board.
(3) Pending approval by the grazing advisory board of the expenditure of such money, all or any part of it may be invested in United States Government securities. In such case the securities shall be held by the county treasurer in lieu of such money so invested and subject to liquidation and expenditure when recommended by the grazing advisory board.
(4) In counties receiving funds from grazing districts containing Indian lands ceded to the United States for disposition under public land laws, funds therefrom shall be expended only for the benefit of public schools and public roads of such county.
(5) In counties in which there are leased lands but no grazing district, such funds shall be expended by the county court through the county general fund.
(6) As used in this section, "grazing advisory board" means a board appointed by the governing body of any county receiving funds under ORS 293.575 and authorized to expend those funds as provided in this section. [Formerly 606.230; 1969 c.255 §1; 1977 c.115 §1; 1981 c.42 §1; 1991 c.67 §73]
2023 Oregon Revised Statutes › Volume : 07 - Public Facilities and Finance › Chapter 294 - County and Municipal Financial Administration › Section 294.080 - Disposition of interest earned on funds held by county treasurer.

(1) Except as provided in subsections (2) and (3) of this section, the county treasurer shall credit to the general fund of the county all interest received from any investment made from the general cash balance of any funds in the hands of the county treasurer. If the entire investment is made from a specific fund, however, the treasurer shall credit the interest to the fund from which the investment was made.
(2) The county fiscal officer of a community college district, as defined in ORS 341.005, shall credit to the general fund of the district all interest received from any investment made by funds in the hands of the county fiscal officer. If the entire investment is made from a specific fund, however, the county fiscal officer shall credit the interest to the fund from which the investment was made.
(3) Interest earned by investment of any moneys received by the county treasurer from any source, which moneys have been designated for a particular municipal corporation as defined in ORS 294.311, shall be credited to the account of the particular municipal corporation and not to any county fund. [1963 c.316 §1; 1971 c.513 §54; 1979 c.762 §8; 1997 c.308 §33]
2023 Oregon Revised Statutes › Volume : 07 - Public Facilities and Finance › Chapter 294 - County and Municipal Financial Administration › Section 294.095 - Action or proceeding with respect to budget or levy; fiscal year with respect to which taken.

Wherever it is provided by law that any action or proceeding of any county, city, school district or other municipal corporation or body politic shall be taken with respect to a budget or tax levy for the calendar year, or for a fiscal year closing on any day other than June 30, each such action or proceeding shall be taken with respect to the fiscal year commencing on July 1 and closing on June 30.
2023 Oregon Revised Statutes › Volume : 07 - Public Facilities and Finance › Chapter 294 - County and Municipal Financial Administration › Section 294.100 - Public official expending money in excess of amount or for different purpose than provided by law unlawful; civil liability.

(1) It is unlawful for any public official to expend any moneys in excess of the amounts provided by law, or for any other or different purpose than provided by law.
(2) Any public official who expends any public moneys in excess of the amounts or for any other or different purpose than authorized by law shall be civilly liable for the return of the money by suit of the district attorney of the district in which the offense is committed, or at the suit of any taxpayer of such district, if the expenditure constitutes malfeasance in office or willful or wanton neglect of duty.
(3) On the demand in writing of 10 taxpayers of any municipal corporation with a population exceeding 100,000 inhabitants, filed with the tax supervising and conservation commission in the county in which the municipal corporation is situated, which demand sets forth that a public official has unlawfully expended public moneys in excess of the amount or for any other or different purpose than provided by law and that the expenditure constitutes malfeasance in office or willful or wanton neglect of duty, the tax supervising and conservation commission shall make an investigation of the facts as to the expenditure. If the tax supervising and conservation commission finds that public moneys have been unlawfully expended and that the expenditure constitutes malfeasance in office or willful or wanton neglect of duty, the commission shall proceed at law in the courts against the public official who has unlawfully expended the moneys for the return of the moneys unlawfully expended to the treasury of the municipal corporation. A right of action hereby is granted to the tax supervising and conservation commission for the purposes of this section.
(4) This section does not apply to the expenditure of revenues that are allowed to be accrued from a fiscal year to the prior fiscal year under ORS 294.383. [Amended by 2001 c.399 §1; 2002 s.s.4 c.1 §§9,10]
2023 Oregon Revised Statutes › Volume : 07 - Public Facilities and Finance › Chapter 294 - County and Municipal Financial Administration › Section 294.120 - Use of facsimile signatures.

(1) When authorized to use facsimile signatures by the governing body of any county, city, district organized for public purposes or any other public corporation or political subdivision of the state, any person authorized to sign any check, warrant or other instrument on behalf of the county, city, district, public corporation or political subdivision may, in the discretion of the person, sign the check, warrant or other instrument by facsimile signature affixed by rubber stamp or by any mechanical equipment or device.
(2) Where the use of facsimile signatures is authorized under this section, the holder or drawee of any check, warrant or other instrument bearing or purporting to bear a facsimile signature shall be under no duty to determine the authority of the person who affixed the facsimile signature to use facsimile signatures. [1955 c.261 §1]
2023 Oregon Revised Statutes › Volume : 07 - Public Facilities and Finance › Chapter 294 - County and Municipal Financial Administration › Section 294.125 - Investment of funds authorized by order of governing body; limitations.

(1) Subject to ORS 294.040 and 294.135 to 294.155, the custodial officer of any county, municipality, school district or other political subdivision of this state may, after having obtained a written order from the governing body of the county, municipality, school district or other political subdivision, which order shall be spread upon the minutes or journal of the governing body, invest any sinking fund, bond fund or surplus funds belonging to that county, municipality, school district or other political subdivision in the bank accounts, classes of securities at current market prices, insurance contracts and other investments described in ORS 294.035. However, notwithstanding any provision of ORS 190.003 to 190.250, except as provided in ORS 294.035:
(a) No custodial officer of any political subdivision of this state may accept for investment or invest the funds of any other political subdivision of this state; and
(b) No such political subdivision may tender funds for investment to the custodial officer of any other such political subdivision.
(2) Subject to ORS 294.040, 294.135 to 294.155 and subsection (1) of this section, the custodial officer of a port organized under ORS chapter 777 or 778 may invest any sinking fund, bond fund or surplus funds belonging to the port in interest-bearing revenue bonds issued by an export trading corporation formed by the port under ORS 777.755 to 777.800. A custodial officer of a port shall not invest in the aggregate more than $3 million in revenue bonds issued by an export trading corporation. [1981 c.880 §5; 1983 c.200 §17; 1995 c.245 §6]
2023 Oregon Revised Statutes › Volume : 07 - Public Facilities and Finance › Chapter 294 - County and Municipal Financial Administration › Section 294.135 - Investment maturity dates.

(1) An investment made by a custodial officer under ORS 294.035 (3)(a) to (f), (h) and (i) or 294.125 may not exceed a maturity of 18 months or the date of anticipated use of the funds by the county, municipality, school district or other political subdivision to which the funds belong, whichever period is shorter. However:
(a) The custodial officer may make investments having a maturity longer than 18 months when the governing body of the county, municipality, school district or other political subdivision to which the funds belong has adopted a written investment policy that, prior to adoption, was submitted to the Oregon Short Term Fund Board for review and comment to the governing body, that includes guidelines concerning maximum investment maturity dates and that provides by its terms for readoption not less than annually; or
(b) When the funds in question are being accumulated for an anticipated use that will occur more than 18 months after the funds are invested, then, upon the approval of the governing body of the county, municipality, school district or other political subdivision, the maturity of the investment or investments made with the funds may occur when the funds are expected to be used.
(2) The maximum term of any repurchase agreement transaction may not exceed 90 days. [1981 c.880 §§6,8; 1987 c.389 §1; 1989 c.303 §1; 1995 c.245 §7; 2003 c.41 §1; 2005 c.443 §24; 2009 c.821 §30]
2023 Oregon Revised Statutes › Volume : 07 - Public Facilities and Finance › Chapter 294 - County and Municipal Financial Administration › Section 294.145 - Prohibited conduct for custodial officer.

In making investments pursuant to ORS 294.035, the custodial officer may not:
(1) Make a commitment to invest funds or sell securities more than 14 business days prior to the anticipated date of settlement of the purchase or sale transaction;
(2) Enter into any agreement to invest funds or sell securities for future delivery for a fee other than interest;
(3) Lend securities to any person or institution, except:
(a) On a fully collateralized basis; and
(b) When the lending is specifically permitted under an investment policy adopted pursuant to ORS 294.135 (1)(a);
(4) Pay for any securities purchased by the custodial officer until the officer has received sufficient evidence of title to the securities. Evidence of title must be consistent with modern investment, banking and commercial practices and may include physical possession, book entry and automated recordation of such title. However, the custodial officer may instruct one or more custodial agents or banks to accept or release securities as that custodial officer considers advisable to be held in safekeeping for collection of principal and interest or other income; or
(5) Deliver securities to the purchaser of the securities upon sale prior to receiving payment in full for the securities. However, the custodial officer may deliver the securities to any custodial agent or bank upon instructions to hold the securities pending receipt by the custodial agent or bank of full payment for the securities. [1981 c.880 §7; 1991 c.88 §5; 1995 c.245 §8; 2008 c.18 §1]
2023 Oregon Revised Statutes › Volume : 07 - Public Facilities and Finance › Chapter 294 - County and Municipal Financial Administration › Section 294.155 - Annual audit report; monthly report.

(1) The custodial officer for a local government that holds and invests funds on behalf of another government unit shall at least once a year submit an audited report to that government unit for which funds are invested. An audit report shall be submitted to the local governmental unit or units within 30 days after receipt of the audit report by the custodial officer’s governing body. This subsection shall not apply to municipal corporations or political subdivisions exempt from municipal audits in ORS 297.435.
(2) The custodial officer shall prepare a report not less than monthly to each county, municipality, school district and other political subdivision the segregated funds of which the custodial officer is then investing, as to changes made in the investments of the funds of that body during the preceding month. If requested by that body, the custodial officer shall furnish to it details on the investment transactions for its fund. The custodial officer shall also provide copies of any investment policy which has been adopted to the custodial officer’s governing body upon request. [1981 c.880 §9; 1995 c.245 §9]
2023 Oregon Revised Statutes › Volume : 07 - Public Facilities and Finance › Chapter 294 - County and Municipal Financial Administration › Section 294.160 - Opportunity for public comment on new fee or fee increase.

(1) The governing body of a city, county or other unit of local government shall provide an opportunity for interested persons to comment on the enactment of any ordinance or resolution prescribing a new fee or a fee increase or an increase in the rate or other manner in which the amount of a fee is determined or calculated.
(2) Where a local government exercises authority to assume the responsibility for a program delivered by the state, the local government shall provide an opportunity to comment on the difference between the fee amount charged by the state for such service and the proposed local fee for the service. [1995 c.576 §5; 2007 c.71 §90]
2023 Oregon Revised Statutes › Volume : 07 - Public Facilities and Finance › Chapter 294 - County and Municipal Financial Administration › Section 294.181 - Alternative method for certification.

(1) If, at a conference held pursuant to notice under ORS 294.175, it becomes apparent that a county will be unable to meet the level of expenditures necessary to achieve adequacy for the tax year for which the filing under ORS 294.175 was made, the Department of Revenue may certify to the county governing body expenditures for assessment and taxation at the level contained in the county’s estimate on file with the department or as adjusted by the conference agreement.
(2) The department shall not certify expenditures under subsection (1) of this section if the county does not present to the department at the conference a plan to achieve adequacy in assessment and taxation within a number of years specified by the Department of Revenue.
(3) Any county for which expenditures are certified pursuant to this section shall certify to the department, not less than 15 days prior to the close of the fiscal quarter, that the county is in compliance with the conference agreement and the plan developed at the conference agreement. [1989 c.796 §4]
2023 Oregon Revised Statutes › Volume : 07 - Public Facilities and Finance › Chapter 294 - County and Municipal Financial Administration › Section 294.184 - County Assessment Function Funding Assistance Account; sources; purpose.

(1) There is created under ORS 293.445 a suspense account to be known as the County Assessment Function Funding Assistance Account. The account shall consist of:
(a) All moneys paid over by the county treasurers as provided under ORS 294.187 (2)(a); and
(b) All interest earned upon any moneys in the account.
(2) Prior to each quarterly distribution of the moneys in the account under ORS 294.178, the moneys necessary to pay the following Department of Revenue expenses shall be transferred to a suspense account of the department created under ORS 293.445 and are continuously appropriated to the department for:
(a) Expenses incurred in carrying out the purposes of ORS 294.175 to 294.184; and
(b) Appraisal expenses incurred by the department in appraising state-appraised industrial properties as defined in ORS 306.126 and property of centrally assessed companies under ORS 308.505 to 308.674.
(3) The amount of moneys transferred to the suspense account of the department under subsection (2) of this section each quarter may not exceed 10 percent of the moneys in the account.
(4) The remainder of the moneys in the account after the transfer made under subsection (2) of this section shall be used for the purpose of making the grant payments to counties as required under ORS 294.178 and are continuously appropriated to the department for that purpose. [1989 c.796 §6; 1999 c.701 §2a; 2001 c.303 §13; 2009 c.18 §3; 2011 c.83 §6; 2015 c.36 §3]
2023 Oregon Revised Statutes › Volume : 07 - Public Facilities and Finance › Chapter 294 - County and Municipal Financial Administration › Section 294.187 - County Assessment and Taxation Fund; sources; purpose.

(1) There is created in the county treasury of each county a fund to be known as the County Assessment and Taxation Fund. The fund shall consist of:
(a) Moneys deposited in and credited to the fund under ORS 311.508.
(b) Moneys deposited in and credited to the fund under ORS 205.323 (4)(b)(C).
(c) Moneys deposited in and credited to the fund under ORS 205.323 (4)(c).
(d) Interest earned upon moneys credited to the fund.
(2) The county treasurer shall pay over the moneys in the fund, determined as of the last day of the fiscal quarter, to the State Treasurer on or before the 10th working day of the month following the last day of the fiscal quarter as follows:
(a) Moneys collected under subsection (1)(a) and (b) of this section and interest earnings on those moneys must be paid over to the Department of Revenue for deposit in the County Assessment Function Funding Assistance Account created under ORS 294.184.
(b) Moneys collected under subsection (1)(c) of this section and interest earnings on those moneys must be paid over to the Department of Revenue for deposit in the Housing and Community Services Department accounts for housing-related programs as follows:
(A) 76 percent of the moneys must be deposited in the General Housing Account created under ORS 458.620;
(B) 10 percent of the moneys must be deposited in the Emergency Housing Account created under ORS 458.620; and
(C) 14 percent of the moneys must be deposited in the Home Ownership Assistance Account created under ORS 458.620.
(3) If the county treasurer fails to pay over moneys, as required under subsection (2) of this section, then any unpaid moneys shall be a debt due and owing by the county to the state and the county shall pay the legal rate of interest thereon from the due date until paid. Payment of interest under this section shall not relieve the county treasurer from any penalty imposed by law for failure to make the payments, and in addition, the county treasurer shall be liable under ORS 311.375 (4)(a) and (b).
(4) ORS 294.305 to 294.565 do not apply to a fund created under this section. [1989 c.796 §7; 2003 c.273 §2; 2009 c.18 §4; 2011 c.338 §2]
2023 Oregon Revised Statutes › Volume : 07 - Public Facilities and Finance › Chapter 294 - County and Municipal Financial Administration › Section 294.250 - Publication by county governing body of schedule of expenditures and statement of proceedings; manner of publication; notice.

(1) The county governing body of each county shall cause to be made out and published at the expense of the county not later than the last day of each month a schedule of those expenditures of the county which singly exceed $500 for the previous month. The schedule shall also include expenditures made to claimants who receive in excess of $500 for the previous month in return for a combination of articles or services which individually cost less than $500. The publication shall also include a concise statement of the proceedings of the governing body in the transaction of county business entered of record during the previous month.
(2) The schedule of expenditures shall state the names of all claimants, the general purpose of the article or service for which payment is claimed in each bill and the amount ordered paid. The statement of proceedings shall be a true reflection of actions taken at any public meeting of the county governing body.
(3) Except as otherwise provided in this subsection, the county shall not be required to publish any claim for personal services of regular county officers and employees occupying budgeted positions. Once each year the county shall publish the actual individual gross monthly salary of all regular officers and employees occupying budgeted positions. The county shall identify each budgeted position by the title of the position.
(4) The publications required under subsection (1) of this section shall not apply to any counties having a tax supervising and conservation commission.
(5) The publications required under subsection (1) of this section shall be made by posting, singly or in any combination:
(a) In the county courthouse.
(b) At public libraries in the county.
(c) On the Internet.
(6) The county shall also publish at least once each month in a newspaper of general circulation in the county, on the Internet, or both, a notice stating:
(a) That the information required to be published under this section is posted and available for review;
(b) The locations where it may be viewed; and
(c) That copies of all or part of the posted information may be obtained from the county upon request and upon payment of a fee not exceeding the actual costs incurred by the county in making copies of the posted information. [Amended by 1963 c.360 §1; 1979 c.651 §1; 1987 c.435 §1; 1991 c.285 §1; 2011 c.172 §1; 2013 c.217 §1]
2023 Oregon Revised Statutes › Volume : 07 - Public Facilities and Finance › Chapter 294 - County and Municipal Financial Administration › Section 294.316 - Exclusions from scope.

The provisions of ORS 294.305 to 294.565 do not apply to the following municipal corporations and entities:
(1) Drainage districts organized under ORS chapter 547;
(2) District improvement companies organized under ORS chapter 554;
(3) Highway lighting districts organized under ORS chapter 372;
(4) Irrigation districts organized under ORS chapter 545;
(5) Road districts organized under ORS chapter 371;
(6) Soil and water conservation districts organized under ORS chapter 568 that will not levy an ad valorem tax during the ensuing year or ensuing budget period;
(7) Municipal public utilities operating under separate boards or commissions, authorized under ORS chapter 225 and city charters, and people’s utility districts organized under ORS chapter 261, both operating without ad valorem tax support during the ensuing year or ensuing budget period;
(8) Housing authorities created under ORS 456.055 to 456.235 that are not carrying out urban renewal activities using a division of ad valorem taxes under ORS 457.440 during the ensuing year or ensuing budget period;
(9) Water control districts organized under ORS chapter 553 that will not levy an ad valorem tax during the ensuing year or ensuing budget period;
(10) Hospital financing authorities organized under ORS 441.525 to 441.595;
(11) Export trading corporations organized under ORS 777.755 to 777.800;
(12) Diking districts organized under ORS chapter 551;
(13) Health districts organized under ORS 440.315 to 440.410;
(14) Intergovernmental entities created under ORS 190.010, including councils of governments described in ORS 294.900 to 294.930, except that an intergovernmental entity or a council of governments that proposes to impose ad valorem property taxes for the ensuing year or budget period is subject to ORS 294.305 to 294.565 for the budget prepared for that year or period; and
(15) Historic ghost towns as defined in ORS 221.862. [1963 c.576 §35; 1965 c.451 §1; 1979 c.621 §8a; 1979 c.686 §9; 1981 c.918 §5; 1983 c.200 §18; 1985 c.361 §1; 1999 c.632 §2; 2001 c.135 §4; 2001 c.251 §3; 2003 c.235 §2; 2017 c.26 §4]
2023 Oregon Revised Statutes › Volume : 07 - Public Facilities and Finance › Chapter 294 - County and Municipal Financial Administration › Section 294.321 - Purposes.

The purposes of ORS 294.305 to 294.565 are:
(1) To establish standard procedures for the preparation, presentation, administration and appraisal of budgets of municipal corporations;
(2) To provide for a brief description of the programs of a municipal corporation and the fiscal policy which is to accomplish these programs;
(3) To provide for estimation of revenues, expenditures and proposed taxes;
(4) To provide specific methods for obtaining public views in the preparation of fiscal policy;
(5) To provide for the control of revenues and expenditures for the promotion of efficiency and economy in the expenditure of public funds; and
(6) To enable the public, taxpayers and investors to be apprised of the financial policies and administration of the municipal corporation in which they are interested. [1963 c.576 §2; 1997 c.308 §4; 1997 c.541 §323]
2023 Oregon Revised Statutes › Volume : 07 - Public Facilities and Finance › Chapter 294 - County and Municipal Financial Administration › Section 294.323 - Budget period.

(1) A municipal corporation, by ordinance, resolution or charter, may provide that the budget and budget documents for the municipal corporation be prepared for a period of 24 months. Unless so authorized by ordinance, resolution or charter, a municipal corporation may not prepare a budget and budget documents for a period longer than one fiscal year.
(2) When the governing body of a municipal corporation prepares a biennial budget, the governing body shall certify to the assessor for each fiscal year of the budget period the ad valorem property tax amount or rate for the ensuing fiscal year. [2001 c.135 §2]
2023 Oregon Revised Statutes › Volume : 07 - Public Facilities and Finance › Chapter 294 - County and Municipal Financial Administration › Section 294.326

[1963 c.576 §4; 1965 c.451 §2; 1977 c.102 §2; 1979 c.310 §1; 1987 c.280 §1; 1991 c.902 §110; 1995 c.333 §8; 1997 c.308 §5; 1997 c.541 §324; 1999 c.632 §3; 2001 c.135 §5; 2003 c.195 §25; 2005 c.443 §14; 2007 c.783 §118; 2011 c.473 §1; renumbered 294.338 in 2011]
2023 Oregon Revised Statutes › Volume : 07 - Public Facilities and Finance › Chapter 294 - County and Municipal Financial Administration › Section 294.331 - Budget officer.

The governing body of each municipal corporation shall, unless otherwise provided by county or city charter, designate one person to serve as budget officer. The budget officer, or the person or department designated by charter and acting as budget officer, shall prepare or supervise the preparation of the budget document. The budget officer shall act under the direction of the executive officer of the municipal corporation, or where no executive officer exists, under the direction of the governing body. [1963 c.576 §5]
2023 Oregon Revised Statutes › Volume : 07 - Public Facilities and Finance › Chapter 294 - County and Municipal Financial Administration › Section 294.333 - Basis of accounting used by municipal corporation; change of basis.

(1) A municipal corporation shall record its revenues and expenditures, on a fund by fund basis, using the cash basis, the modified accrual basis or the accrual basis of accounting, at the discretion of the municipal corporation.
(2) The basis of accounting used by a municipal corporation must be used in the current year or period and in each succeeding year or period until the basis is changed in a subsequent budget.
(3) A change in a municipal corporation’s basis of accounting must be published as required under ORS 294.438. [Formerly 294.445]
2023 Oregon Revised Statutes › Volume : 07 - Public Facilities and Finance › Chapter 294 - County and Municipal Financial Administration › Section 294.336

[1963 c.576 §6; 1973 c.61 §1; 1979 c.310 §2; 1997 c.308 §6; 2001 c.135 §32; renumbered 294.414 in 2011]
2023 Oregon Revised Statutes › Volume : 07 - Public Facilities and Finance › Chapter 294 - County and Municipal Financial Administration › Section 294.343 - Internal service funds.

(1) A municipal corporation may establish by ordinance or resolution one or more internal service funds. The ordinance or resolution creating the fund shall set forth in detail the following:
(a) The appropriation or appropriations to be charged in order to provide the initial money for financing the fund;
(b) The object or purpose of the fund;
(c) The methods for controlling of expenditures and encumbering of such funds; and
(d) The sources from which the fund shall be replenished.
(2) No person shall expend or encumber or authorize expenditure or encumbrance from funds created in accordance with subsection (1) of this section in excess of the balance of that fund, or for a purpose for which there is no appropriation or source of reimbursement authorized at that time.
(3) The anticipated expenditure for the ensuing year or ensuing budget period from an internal service fund created in accordance with subsection (1) of this section shall be budgeted as any other fund in accordance with ORS 294.305 to 294.565, appropriations shall be made for each internal service fund in accordance with ORS 294.456 and expenditures from the internal service fund shall be regulated thereby.
(4) Notwithstanding the limitations in ORS 294.305 to 294.565 applicable to increasing the appropriations of funds during the current year or current budget period, the governing body may increase appropriations of the internal service funds by ordinance or resolution.
(5) The charges for services shall be computed to cover all costs for such services and the charges shall be periodically revised to eliminate any element of profit or loss. [Formerly 294.470]
2023 Oregon Revised Statutes › Volume : 07 - Public Facilities and Finance › Chapter 294 - County and Municipal Financial Administration › Section 294.346 - Reserve fund established without vote; review of need for reserve fund; unexpended balances; application to system development charges.

(1) Any municipal corporation, by ordinance or resolution of its governing body, may establish one or more reserve funds to hold moneys to be accumulated and expended for the purposes specified in ORS 280.050, without submitting the question of establishing the reserve fund to a vote of the electors. The municipal corporation may cause to be credited to any reserve fund all or any portion of the revenues derived from taxes levied under ORS 280.060 and any other taxes, charges or revenues as the governing body may determine. The municipal corporation may also limit the crediting of such taxes, charges or revenues to a reserve fund to a specific period of time designated by the governing body.
(2) Not less frequently than every 10th anniversary of the date upon which a reserve fund is established under subsection (1) of this section, the governing body of the municipal corporation shall review the reserve fund and determine whether the fund will be continued or abolished. When the governing body determines, by resolution, that it is no longer necessary to maintain such a reserve fund:
(a) Commencing with the next succeeding fiscal year, the political subdivision shall discontinue the levy of any taxes under ORS 280.060 that would otherwise be required to be credited to such fund; and
(b) There shall be transferred to the general fund or any other fund of the political subdivision that the governing body determines is appropriate:
(A) Any unexpended balance in the fund to be abolished that is not required to be held for subsequent expenditure for the purposes for which the fund was established; and
(B) Any subsequent receipts from tax levies that are otherwise required to be credited to such fund, together with any penalties and interest thereon.
(3) This section does not apply to system development charges imposed under ORS 223.297 to 223.316, and no system development charges shall be credited to any reserve fund established under this section. [Formerly 294.525]
2023 Oregon Revised Statutes › Volume : 07 - Public Facilities and Finance › Chapter 294 - County and Municipal Financial Administration › Section 294.353 - Elimination of unnecessary fund; disposition of balance.

Subject to the provisions contained in the charter of any city or county or in any law relating to municipal corporations, when the necessity for maintaining any fund of the municipal corporation has ceased to exist and a balance remains in the fund, the governing body shall so declare by ordinance or other order and upon such declaration such balance shall forthwith be transferred to the general fund of the municipal corporation unless other provisions have been made in the original creation of the fund. [Formerly 294.475]
2023 Oregon Revised Statutes › Volume : 07 - Public Facilities and Finance › Chapter 294 - County and Municipal Financial Administration › Section 294.356

[1963 c.576 §§8a,9; 1971 c.513 §56; 1979 c.686 §4; 1993 c.112 §1; 2011 c.473 §3; renumbered 294.393 in 2011]