Oregon HB4023 restricts financing methods for mass transit districts initiated by resolution.

Oregon HB4023 imposes limitations on the financing methods available to mass transit districts initiated by resolution. Specifically, it mandates that such districts must obtain authorization through a properly called election before using certain financing methods under ORS 267.300. If a district has already adopted an ordinance using restricted financing methods before the bill's effective date, that ordinance will be suspended until approved by the electors. The bill takes effect on the 91st day following the adjournment sine die of the 2026 regular legislative session.

Oregon HB4023 restricts financing methods for mass transit districts initiated by resolution.

Oregon HB4023 imposes limitations on the financing methods available to mass transit districts initiated by resolution. Specifically, it mandates that such districts must obtain authorization through a properly called election before using certain financing methods under ORS 267.300. If a district has already adopted an ordinance using restricted financing methods before the bill's effective date, that ordinance will be suspended until approved by the electors. The bill takes effect on the 91st day following the adjournment sine die of the 2026 regular legislative session.