Or. Admin. R. 150-294-0370

Current through Register Vol. 63, No. 6, June 1, 2024

Section 150-294-0370 - Resources Are Not Required to Be Budgeted

Resources are not considered budget resources and are not required to be budgeted if the following three criteria are met:

(1) The municipal corporation holds the resources merely for safekeeping;

(2) Expenditure of resources is not under the control of the municipal corporation or a third party chosen by the municipal corporation; and

(3) The resources are expended for the purpose other than that for which the municipal corporation levies a tax or expends funds.

(4) In addition, resources are not budgeted resources if the criteria of ORS 294.361(3) and 294.338(2) are met.

Or. Admin. R. 150-294-0370

RD 9-1986, f. & cert. ef. 12-31-86; RD 5-1989, f. 12-18-89, cert. ef. 12-31-89, Renumbered from 150-294.361(1); RD 2-1995, f. 12-29-95, cert. ef. 12-31-95; REV 4-1998, f. & cert. ef. 6-30-98; Renumbered from 150-294.370, REV 41-2016, f. 8-12-16, cert. ef. 9/1/2016

Stat. Auth.: ORS 305.100

Stats. Implemented: ORS 294.361