Relating to urban flood safety and water quality districts; prescribing an effective date.

Creates urban flood safety and water quality district in portion of Multnomah County within urban growth boundary adopted by Metro, for purposes of managing and improving levee system, drainage and natural areas to provide for flood safety and contribute to water quality, habitat and landscape resiliency. Provides for selection of board of directors. Sets forth powers and duties of district and district board. Authorizes district board to impose charges, assessments and taxes and issue bonds. Authorizes district board to dissolve certain drainage districts and water improvement corporations. Requires urban flood safety and water quality district to assume dissolved entity's duties, assets and liabilities. Takes effect on 91st day following adjournment sine die.