Oregon Statutes 376.800 – Special fund for payment of damages and expenses; use of surplus
Current as of: 2023 | Check for updates
|
Other versions
(1) All collections of assessments and all proceeds of the sale of bonds issued upon unpaid assessments shall be placed in a special fund and used exclusively for the payment of the damages, if any, and expenses for which the assessments were levied.
Terms Used In Oregon Statutes 376.800
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
(2) If there is a surplus in such special fund, the legislative body may expend such surplus for the improvement or operation of the pedestrian mall. [1961 c.666 § 29]