Oregon Statutes 223.245 – Budget to include bond payments
The interest on the bonds and the amounts of the installments of maturing bonds shall be included in the annual budget of the issuing local government. There shall be deducted in the budget the amount that the governing body conservatively estimates will be received from payments of the principal of and interest on installments of final assessments appertaining to the particular bond issue, and from receipts from sales and rentals of property acquired by the local government pursuant to the assessments, during the fiscal year. [Amended by 1983 c.349 § 3; 1991 c.902 § 15; 2003 c.802 § 9]
Terms Used In Oregon Statutes 223.245
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- local government: means all cities, counties and local service districts located in this state, and all administrative subdivisions of those cities, counties and local service districts. See Oregon Statutes 174.116
[Amended by 1971 c.183 § 1; 1975 c.642 § 4; 1981 c.94 § 11; 1983 c.349 § 4; repealed by 1991 c.902 § 121]
[Amended by 1957 c.103 § 8; 1967 c.239 § 2; 1983 c.349 § 5; repealed by 1991 c.902 § 121]