(1) The governing body of a county with a population of 500,000 or more inhabitants, based on the most recently available data published or officially provided by the Portland State University Population Research Center, shall: (a) Establish a tax supervising and conservation commission under ORS 294.710; or (b) Require each municipal corporation that would be under the jurisdiction of a tax supervising and conservation commission if a commission were established in the county under paragraph (a) of this subsection to submit to the county a financial summary of the proposed budget in the format required under ORS 294.438. (2) A municipal corporation required to submit a financial summary of the municipal corporation must comply with the requirement before the date of the first budget committee meeting of the municipal corporation under ORS 294.426. (3)(a) The financial summary submitted to the county under this section must be in an electronic format that is compatible with Internet publication. (b) The county shall publish all financial summaries received from municipal corporations under this section on the Internet website of the county.
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