Requires school district to obtain approval from Department of Education before entering into funds diversion agreement for payment of debt service on pension obligation bonds. Requires school district to obtain approval from Department of Education before entering into funds diversion agreement for payment of debt service on pension obligation bonds.
Provides that department may not approve funds diversion agreement unless aggregate debt service on bonds subject to funds diversion or debt guaranty agreements of district is no greater than 80 percent of state school moneys available to district.
Requires State Treasurer to provide relevant data to department.
Oregon Legislative Assembly - Public Testimony Registration Form
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HB 3215 Joint Committee On Ways and Means
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