Oregon Statutes 267.300 – Authority of district to finance system
(1) Subject to restrictions in the Oregon Constitution, a district board may finance construction, acquisition, purchase, lease, operation and maintenance of a mass transit system and related facilities for the purposes authorized under ORS § 267.010 to 267.394 by:
Terms Used In Oregon Statutes 267.300
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
- User fees: Fees charged to users of goods or services provided by the government. In levying or authorizing these fees, the legislature determines whether the revenue should go into the treasury or should be available to the agency providing the goods or services.
(a) Levy of ad valorem taxes under ORS § 267.305.
(b) Service charges and user fees collected under ORS § 267.320.
(c) Use of the revolving fund authorized under ORS § 267.310.
(d) Sale of bonds under ORS § 267.330 to 267.345.
(e) Levy of business license fees under ORS § 267.360.
(f) Levy of a tax measured by net income under ORS § 267.370.
(g) Levy of a tax measured by employer payrolls under ORS § 267.380, 267.385 and 267.420.
(h) Use of funds accepted under ORS § 267.390.
(i) Short-term borrowings under ORS § 267.400.
(j) Levy of a tax measured by net earnings from self-employment under ORS § 267.380 and 267.385.
(k) Any combination of the provisions of paragraphs (a) to (j) of this subsection.
(2) All or any part of the funds raised or received by the district under subsection (1)(a) to (k) of this section may be expended by the district for the purpose of financing the construction, reconstruction, improvement, repair, maintenance, operation and use of the primary transit supportive system. However, only those funds raised or received by the district that are restricted by the Oregon Constitution for the purpose of financing the construction, reconstruction, operation and use of public highways, roads, streets and roadside rest areas may be expended by the district for the secondary transit supportive system. As used in this subsection:
(a) ‘Transit supportive system’ means those facilities in any county in which a district operates that constitute the surface transportation system in the county, including highways, roads, streets, roadside rest areas, park-and-ride stations, transfer stations, parking lots, malls and skyways.
(b) ‘Primary transit supportive system’ means those facilities upon which or adjacent to which the district physically operates.
(c) ‘Secondary transit supportive system’ means the remainder of those facilities that constitute the surface transportation system, but over which the district’s operation or facilities are not physically present. [1969 c.643 § 23; 1975 c.752 § 1; 1983 c.323 § 1; 1983 c.749 § 1; 1987 c.825 § 1; 1989 c.869 § 1]