Or. Rev. Stat. § 328.565
Power to create indebtedness; zone academy bonds; tax credit bonds
Oregon · Oregon Revised Statutes Chapter 328 — Local Financing of Education · Status: effective
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- Or. Rev. Stat. § 328.565, Power to create indebtedness; zone academy bonds; tax credit bonds, Oregon, version 1 as recorded 2026-10-04, yourstate.us, https://yourstate.us/provision/2497527
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(1) As used in this section, “qualified zone academy bond” has the meaning given the term in section 1397E of the Internal Revenue Code, as amended and in effect on January 1, 2002.
(2) A district school board may contract indebtedness as provided under ORS 287A.180.
(3) A district school board may issue qualified zone academy bonds or similar tax credit bonds authorized by resolution of the district school board. Unless the bond issue has been approved by electors under ORS 328.205 to 328.304, the district school board must issue revenue bonds as defined in ORS 287A.001.