Oregon Statutes 310.228 – Determination of state replacement obligation
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(1) Based on the constitutional reduction amounts computed under ORS § 310.222, the Department of Revenue shall determine the statewide total amount of constitutionally required reduction certified under ORS § 310.222 (8), excluding statutory reduction amounts, for:
Terms Used In Oregon Statutes 310.228
- 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.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
(a) School districts;
(b) Education service districts;
(c) Community college districts; and
(d) Community college service districts.
(2) Amounts appropriated to districts in the categories described in subsection (1) of this section for the fiscal year that equal the amounts determined under subsection (1) of this section shall constitute the state’s replacement obligation under section 11 (9), Article XI of the Oregon Constitution. [1997 c.541 § 29a]