Or. Rev. Stat. § 285B.479
Nature of revenue bonds
Oregon · Oregon Revised Statutes Chapter 285B — Economic Development II · Status: effective
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- Or. Rev. Stat. § 285B.479, Nature of revenue bonds, Oregon, version 1 as recorded 2026-10-04, yourstate.us, https://yourstate.us/provision/2491341
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(1) Revenue bonds issued under ORS 285B.467 to 285B.479:
(a) May not be payable from nor charged upon any funds other than the revenue pledged to the payment thereof, except as provided in this section, nor shall the state be subject to any liability thereon. No holder or holders of such bonds shall ever have the right to compel any exercise of the taxing power of the state to pay any such bonds or the interest thereon, nor to enforce payment thereof against any property of the state except those moneys pledged therefor in the Special Public Works Fund, under the provisions of ORS 285B.467 to 285B.479.
(b) May not constitute a charge, lien or encumbrance, legal or equitable, upon any property of the state, except those moneys paid to the Special Public Works Fund.
(2) A revenue bond issued under ORS 285B.467 to 285B.479 does not constitute a debt of the State of Oregon or a lending of the credit of this state within the meaning of any constitutional or statutory limitation.