Oregon Law
Law as of Jan 1, 2026
Chapter contents
328.001Definitions for chapter 328.005County school fund; uses 328.010[Amended by 1963 c.544 §17; 1965 c.100 §44; repealed by 1975 c.64 §1] 328.015Apportionment to districts 328.020[Amended by 1963 c.544 §18; 1965 c.100 §46; repealed by 1975 c.770 §49] 328.025[Amended by 1965 c.100 §47; 1971 c.294 §6; repealed by 1975 c.770 §49] 328.030Partial apportionments 328.035[1971 c.449 §4; 1985 c.555 §15; repealed by 2001 c.36 §3] 328.045Apportionment of excess amounts; application as tax offset 328.105Sources; use of interest 328.110Custodian of fund 328.115Loan of fund and rental of lands; disbursement of interest and rents 328.120Board of Douglas County School Fund commissioners 328.125Law concerning Common School Fund to apply 328.130Loans to be made in name of treasurer; collection of sums due 328.135Fees for services of county officers; expense of making loan 328.140Sale, rental or lease of property; disposition of proceeds 328.155Sources; use of interest 328.160Custodian of fund; bond 328.165Investment and loan of fund and rental of lands; disbursement of interest and rents 328.170Directors as fund commissioners 328.175Laws governing loans of Common School Fund to apply 328.180Loans to be made in name of clerk; collection of sums due 328.185Fees for services of clerk; expense of making loan 328.190Sale and conveyance of property; disposition of proceeds 328.205Power to contract bonded indebtedness; use of proceeds to pay expenses of issue 328.210Bond elections 328.213Issuance of negotiable interest-bearing warrants 328.215[Amended by 1957 c.310 §3; 1965 c.100 §52; 1973 c.796 §26; repealed by 1983 c.350 §331a] 328.220[Repealed by 1963 c.132 §1] 328.225[Repealed by 1961 c.361 §4] 328.230Issuance of bonds upon favorable vote 328.235[Amended by 1971 c.140 §2; 1977 c.311 §1; 1981 c.94 §27; 1995 c.333 §10; repealed by 2007 c.783 §234] 328.240Place of payment 328.245Limitation on bonded debt of districts generally 328.250Limitation on bonded indebtedness of enlarged or reorganized school districts 328.255Registration of bonds and negotiable interest-bearing warrants; delivery; disposition of proceeds of sale of bonds; noncontestability 328.260Tax levy to pay interest and principal of bonds; use of funds derived from tax 328.265School district bond tax levied by county 328.270Payment of principal and interest; collection commission 328.275Redemption and payment of bonds 328.280Funding or refunding district indebtedness 328.284Funds diversion agreement related to payment on revenue bonds 328.285[Amended by 1961 c.260 §1; 1965 c.100 §51; renumbered 328.213] 328.290[Repealed by 1983 c.350 §331a] 328.295Issuance of bonds and interest-bearing warrants 328.300Marketing bonds jointly or through association 328.304County education bond district; creation; powers; purpose 328.305[Repealed by 1957 c.53 §3] 328.310[Repealed by 1957 c.53 §3] 328.315[Repealed by 1957 c.53 §3] 328.316Impact aid revenue bonds; issuance; requirements 328.318Funds required for impact aid revenue bonds 328.320[Repealed by 1957 c.53 §3] 328.321Definitions for ORS 328.321 to 328.356 328.325[Repealed by 1957 c.53 §3] 328.326State guaranty of school bonds allowed 328.330[Repealed by 1957 c.53 §3] 328.331Certificate evidencing qualification for state guaranty; conditions and standards for qualification; rules 328.335[Repealed by 1957 c.53 §3] 328.336Determination of ineligibility 328.340[Repealed by 1957 c.53 §3] 328.341Transfer by school districts or State Treasurer of moneys to pay debt service on school bonds 328.345[Repealed by 1957 c.53 §3] 328.346Recovery from school districts of payments on school bonds by State Treasurer 328.348Security for school bond obligations 328.350[Repealed by 1957 c.53 §3] 328.351Powers of State Treasurer when state funds are insufficient for payment of debt service 328.355[Repealed by 1957 c.53 §3] 328.356State Treasurer subject to provisions regarding issuance of general obligation bonds 328.360[Repealed by 1957 c.53 §3] 328.361Short title 328.365[Repealed by 1957 c.53 §3] 328.370[Repealed by 1957 c.53 §3] 328.380[1953 c.72 §1; repealed by 1957 c.53 §3] 328.405[Repealed by 1963 c.544 §52] 328.410[Repealed by 1963 c.544 §52] 328.415[Repealed by 1965 c.100 §456] 328.420[Amended by 1963 c.544 §21; repealed by 1965 c.100 §456] 328.425[Repealed by 1963 c.544 §52] 328.430[Amended by 1957 c.110 §1; 1963 c.544 §22; repealed by 1965 c.100 §456] 328.435[Repealed by 1965 c.100 §456] 328.440[Repealed by 1953 c.89 §6] 328.441Custody and disbursement of school district funds 328.445Disbursement of school funds by check or warrant 328.450School warrant procedure 328.455[Repealed by 1965 c.100 §456] 328.460Cancellation of school warrants not presented for payment within seven years 328.465Annual audit procedure 328.467Audit determinations; deficiencies; correction; sanctions 328.470Purchase of automotive equipment; fund transfers 328.505[Amended by 1953 c.146 §1; repealed by 1959 c.262 §4] 328.510[Repealed by 1953 c.146 §2] 328.515[Amended by 1957 c.310 §4; repealed by 1959 c.262 §4] 328.520[Amended by 1955 c.486 §1; repealed by 1965 c.100 §456] 328.525[Repealed by 1963 c.544 §52] 328.530[Repealed by 1965 c.100 §456] 328.535[Repealed by 1965 c.100 §456] 328.540[Repealed by 1965 c.100 §456] 328.542Preparation of district budget; certification of taxes 328.545[Repealed by 1963 c.544 §52] 328.550[Amended by 1965 c.100 §70; 1967 c.605 §1; 1975 c.770 §8; repealed by 1981 c.834 §1] 328.555Property liable for district indebtedness; tax levy 328.560[1953 c.286 §1; 1957 c.310 §5; 1957 c.426 §2; repealed by 1965 c.100 §456] 328.565Power to create indebtedness; zone academy bonds; tax credit bonds 328.570Division of district into tax zones 328.573Notice of public hearing on tax zones 328.576Public hearing; resolution to establish tax zones 328.579Determination of tax in zones; limitations 328.715[1987 c.16 §2; 1987 c.823 §1; repealed by 1997 c.541 §389] 328.725[1987 c.16 §5; 1987 c.823 §3; 1995 c.607 §71; repealed by 1997 c.541 §389] 328.735[1987 c.16 §3; 1989 c.236 §1; 1991 c.167 §4; repealed by 1997 c.541 §389] 328.745[1987 c.16 §4; repealed by 1997 c.541 §389] 328.990[Repealed by 1965 c.100 §456]

Chapter 328 — Local Financing of Education

ORS 328.295 Issuance of bonds and interest-bearing warrants

All school bonds, including funding and refunding bonds, notes and negotiable interest-bearing warrants which have been specifically authorized by vote of the electors, shall be issued as prescribed in ORS chapter 287A.

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