Oregon Statutes 223.311 – Deposit of system development charge revenues; annual accounting
(1) System development charge revenues must be deposited in accounts designated for such moneys. The local government shall provide an annual accounting, to be completed by January 1 of each year, for system development charges showing the total amount of system development charge revenues collected for each system and the projects that were funded in the previous fiscal year.
Terms Used In Oregon Statutes 223.311
- 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
(2) The local government shall include in the annual accounting:
(a) A list of the amount spent on each project funded, in whole or in part, with system development charge revenues; and
(b) The amount of revenue collected by the local government from system development charges and attributed to the costs of complying with the provisions of ORS § 223.297 to 223.316, as described in ORS § 223.307. [1989 c.449 § 7; 1991 c.902 § 31; 2001 c.662 § 5; 2003 c.765 § 8a; 2003 c.802 § 24]
See note under 223.297.
[1957 c.95 § 4; repealed by 1971 c.325 § 1]