Known as the Oregon School Bond Guaranty Act
The act spans §§ 328–328 (114 sections).
Applied in 3 court decisions — leading case Olsen v. State Ex Rel. Johnson (1976)
Most recently applied in 53 Or. App. 18 - Valsetz School District No. 62 v. Polk County (July 1981)
Amended by 1965 c.100 §43; 1965 c.491 §1; 1967 c.107 §1; 1971 c.294 §4; 1989 c.579 §2; 1997 c.821 §19; 2003 c.226 §6
Court decisions citing this, by year. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.
(1) The governing body of each county shall create a county school fund.
(2) When a county governing body transfers federal forest reserve receipts under ORS 294.060 (4) subject to a condition that such moneys be used only for a purpose described in ORS 328.205 (1)(a) or (c), a school district receiving a share of such moneys may not use the moneys for any other purpose.
Official source: Oregon State Legislature. Reproduced from public-domain Oregon statutes; confirm against the official source for the current text. Not legal advice.