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Or. Rev. Stat. § 328.250

Limitation on bonded indebtedness of enlarged or reorganized school districts

Oregon · Oregon Revised Statutes Chapter 328 — Local Financing of Education · Status: effective

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Or. Rev. Stat. § 328.250, Limitation on bonded indebtedness of enlarged or reorganized school districts, Oregon, version 1 as recorded 2026-10-04, yourstate.us, https://yourstate.us/provision/2497458
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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.