(1) When territory is annexed to or merged with a community college district, the new territory shall become liable for its share of the existing debt of the community college district.\n(2) When territory is detached from a community college district, the detached territory shall remain liable for its share of the bonded indebtedness assumed by the community college district during the period of time the detached territory was included in the district. [1971 c.513 §95; 2021 c.53 §4]
Oregon Legal Code