Oregon Statutes 294.323 – Budget period
(1) A municipal corporation, by ordinance, resolution or charter, may provide that the budget and budget documents for the municipal corporation be prepared for a period of 24 months. Unless so authorized by ordinance, resolution or charter, a municipal corporation may not prepare a budget and budget documents for a period longer than one fiscal year.
Terms Used In Oregon Statutes 294.323
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- 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.
(2) When the governing body of a municipal corporation prepares a biennial budget, the governing body shall certify to the assessor for each fiscal year of the budget period the ad valorem property tax amount or rate for the ensuing fiscal year. [2001 c.135 § 2]
[Amended by 1961 c.397 § 1; repealed by 1963 c.576 § 44]
[1963 c.576 § 4; 1965 c.451 § 2; 1977 c.102 § 2; 1979 c.310 § 1; 1987 c.280 § 1; 1991 c.902 § 110; 1995 c.333 § 8; 1997 c.308 § 5; 1997 c.541 § 324; 1999 c.632 § 3; 2001 c.135 § 5; 2003 c.195 § 25; 2005 c.443 § 14; 2007 c.783 § 118; 2011 c.473 § 1; renumbered 294.338 in 2011]
[Repealed by 1963 c.576 § 44]