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Or. Rev. Stat. § 287A.339

Termination payment of conduit borrower

Oregon · Oregon Revised Statutes Chapter 287A — LOCAL GOVERNMENT BORROWING · Status: effective

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Or. Rev. Stat. § 287A.339, Termination payment of conduit borrower, Oregon, version 1 as recorded 2026-10-04, yourstate.us, https://yourstate.us/provision/2491778
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When a public body is authorized by law to issue bonds, the public body may lend moneys derived from an issuance and sale of bonds to a conduit borrower of proceeds from outstanding, previously issued conduit revenue bonds for the purpose of paying a termination payment required to be paid by the borrower under an agreement for exchange of interest rates entered into by the borrower in relation to the outstanding conduit revenue bonds.