Or. Rev. Stat. § 294.378
Certain interest to be included in budget; method
Oregon · Oregon Revised Statutes Chapter 294 — County and Municipal Financial Administration · Status: effective
Cite this
- Citation
- Or. Rev. Stat. § 294.378, Certain interest to be included in budget; method, Oregon, version 1 as recorded 2026-10-04, yourstate.us, https://yourstate.us/provision/2492700
- Permanent ID
ys:prov:2492700@1- SHA-256
520d993452bccf8486130dd23065586e88d7c3f30bac84a4d0ad371b9d0a8f89
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
In the exercise of the authority granted by ORS 287A.180, 328.565 and 341.715, specific provision for interest must be contained in duly adopted budgets. However, reporting of anticipated loan proceeds and related principal repayments within a particular fiscal year or budget period may be accomplished in narrative form or by footnoted schedules to the duly adopted budget and need not be included as a budgetary resource or requirement. Such narrative or footnoted disclosure must indicate that principal repayments are a liability of the applicable fund from which they are made.