OAR 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.