42-897-Resolution No. 82-036 Recorded 7/1/1982V, " 420PAGE.897
BEFORE THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON
A Resolution Authorizing the
Deschutes County Treasurer to
Borrow Operating Monies For
the General Fund, Sheriff's
Law Enforcement Levy Fund,
*
a
Mental Health Services Fund,
and the Solid Waste Fund
JUL-
1 1982
for the 1982-83 Fiscal Year
From the Road Fund, To Be
*
ROSE
Repaid Upon the Receipt of
*
DESCHUTES
UTES
pgTTERSON
the County's Tax Levy, and
*
COUNTY
CLERK
Directing the Deschutes
County Treasurer To Make
Appropriate Entries.
RESOLUTION NO. 82-036
WHEREAS, ORS 287.404 provides that the County may borrow up
to 80% of the current ad valorem taxes upon real and personal
property in expectation of tax revenues to meet current operating
expenses; and
WHEREAS, the County has sufficient surplus to meet said
operating expenses in the County's Road Fund; now, therefore,
BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF
DESCHUTES COUNTY, OREGON, as follows:
Section 1. That the Deschutes County Treasurer is hereby
authorized to transfer funds, the aggregate not to exceed FIVE
HUNDRED THOUSAND DOLLARS ($500,000.00), from the Road Fund to the
General Fund, Sheriff's Law Enforcement Levy Fund, Mental Health
Services Fund, and the Solid Waste Fund, to be used for general
operating expenses incurred after July 1, 1982.
Section 2. Said loan is to be repaid to the Road Fund from
ad valorem taxes upon real and personal property received for the
fiscal year 1982-83.
Section 3. That the Treasurer is hereby directed to make
such entries in the records of the County for the fiscal year
1982-83, as are necessary to reflect these transactions.
1 - RESOLUTION NO. 82-036
VOL -^ 4 W SAGE 898
1
DATED this -?O day of �,J u W P 1982.r
BOARD OF COUNTY COMMISSIONERS
OF DES UTES. CO , ON
CLA H/EPARD, Chairman
;ERT.ALA. YO NC- mi *oner
0 RT C. PAULSON, JR.,Co ss ner
11
ATTEST:
SUSAN STONEMAN
Recording Secretary
2 - RESOLUTION NO. 82-036