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Bill would clarify education service district authority to seek facility bonds; sponsors seek to add component-district option
Summary
House Bill 2514 would clarify ESD authority to seek voter-approved general obligation bonds for capital needs and technical statutory language; presenters asked to add component school districts to the measure so ESDs could pursue region-wide facility bonds that could pass through to smaller districts.
House Bill 2514 would establish a limit on the aggregate principal amount of bonded indebtedness for Education Service Districts (ESDs) at 7.95% of the real market value of taxable property within the ESD and clarify that ESDs have authority to seek voter approval for general obligation bonds in the same manner as school districts.
Lori Satinspiel of the Oregon Association of Education Service Districts…
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