Or. Rev. Stat. § 285B.476
Application of law to revenue bonds; proceeds; maximum duration of loans
Oregon · Oregon Revised Statutes Chapter 285B — Economic Development II · Status: effective
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- Or. Rev. Stat. § 285B.476, Application of law to revenue bonds; proceeds; maximum duration of loans, Oregon, version 1 as recorded 2026-10-04, yourstate.us, https://yourstate.us/provision/2491340
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Full text
(1) ORS 285B.350 to 285B.362 and 285B.368 apply to revenue bonds issued under ORS 285B.467 to 285B.479.
(2) The proceeds of revenue bonds issued and sold under ORS 285B.467 to 285B.479 shall be deposited in the Special Public Works Fund and used for the payment of a loan to a municipality for a development project and costs of issuing the revenue bonds.
(3) A loan made with money derived from the sale of revenue bonds under this section shall be made as other loans under ORS 285B.419 to 285B.437 and 285B.449 are made, except that the loan contract shall set forth a schedule of payments that may not exceed the usable life of the contracted project.