Section 287A.310 – Definitions for ORS 287A.310 and 287A.315; lien of a pledge; Uniform Commercial Code.
(1) As used in this section and ORS 287A.315: (a) “Obligation” means: (A) A bond; (B) The commitment of a public body in connection with a credit enhancement device; or (C) An agreement for exchange of interest rates. (b) “Property” means: (A) Real or personal property, tangible or intangible, whether owned when a pledge is […]
Section 287A.315 – Pledge of full faith and credit and taxing power.
(1) A public body may pledge its full faith and credit and taxing power when the public body issues: (a) A general obligation bond; or (b) An obligation that is secured by all lawfully available funds of the public body. (2) When a public body pledges its full faith and credit and taxing power to […]
Section 287A.325 – Covenants of public bodies regarding pledges.
(1) The Legislative Assembly finds that: (a) It is a matter of statewide concern that certain covenants made by public bodies regarding a pledge of revenues to secure bonds not be impaired by subsequent initiative or referendum measures. (b) The covenants described in paragraph (a) of this subsection usually are in the form of a […]
Section 287A.335 – Agreements for exchange of interest rates; rules.
(1) As used in this section, “counterparty” means an entity with whom a public body enters into an agreement for exchange of interest rates. (2) Upon a finding by a public body that an agreement for exchange of interest rates benefits the public body, the public body may enter into the agreement for exchange of […]
Section 287A.339 – Termination payment of conduit borrower.
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 […]
Section 287A.340 – Credit enhancement devices.
(1) A public body may obtain a credit enhancement device and enter into related agreements. (2) The public body may pay the provider of the credit enhancement device from the same sources that the public body may lawfully use to pay the related bonds or from any other legally available source. (3) The public body […]
Section 287A.343 – Public body purchase of own bonds.
(1) Notwithstanding any limitation in a local charter, a public body may bid for, purchase, hold, cause to be held in trust and remarket bonds issued by the public body. (2) Except as otherwise provided in the operative documents, the purchase or acquisition of bonds under this section does not cancel or extinguish the bonds […]
Section 287A.050 – Authority of city to issue general obligation bonds.
(1) Upon approval of the electors of a city, the city may issue general obligation bonds to finance: (a) Capital construction or capital improvements permitted by Article XI, sections 11 and 11b, of the Oregon Constitution. (b) Capital costs permitted by Article XI, section 11L, of the Oregon Constitution. (2) Unless the city charter provides […]
Section 287A.345 – State taxation of bond interest.
Interest on bonds of a public body is exempt from personal income tax under ORS chapter 316. [2007 c.783 §65]
Section 287A.100 – Authority of county to issue general obligation bonds.
(1) Unless the county charter expressly provides otherwise, upon approval of the electors of a county, the county may issue general obligation bonds to finance: (a) Capital construction or capital improvements permitted by Article XI, sections 11 and 11b, of the Oregon Constitution. (b) Capital costs permitted by Article XI, section 11L, of the Oregon […]