Section 287A.370 – Proposed refunding plan for advance refunding bonds or forward current refunding; rules; fees.
(1) The State Treasurer shall review the plan of a public body to issue advance refunding bonds or to enter into a forward current refunding to determine whether the plan complies with applicable rules of the State Treasurer, as provided in this section. (2) After adoption of an ordinance or resolution approving a plan to […]
Section 287A.375 – Maximum amount of advance refunding bonds.
(1) As used in this section, “government obligations” means: (a) Direct obligations of the United States of America or obligations the principal of and interest on which are unconditionally guaranteed by the United States of America and bank certificates of deposit secured by the obligations; (b) Bonds, debentures, notes, certificates of participation or other obligations […]
Section 287A.380 – Tax levy to pay maturing general obligation advance refunding bonds.
(1) Pursuant to ORS 287A.140, a public body shall levy taxes to pay the maturing interest and principal of advance refunding bonds that are general obligation bonds. (2) Notwithstanding ORS 287A.140 or any other provision of law, a public body may not cause a tax to be levied to pay the maturing interest and principal […]
Section 287A.360 – Current refunding bonds.
(1) In addition to any other authority to issue refunding bonds, a public body may issue current refunding bonds to refund or purchase its outstanding bonds. (2) A public body may secure current refunding bonds with any of the revenues and covenants that the public body could have used to secure the refunded or purchased […]
Section 287A.365 – Advance refunding bonds and forward current refunding.
(1) The Legislative Assembly declares that the issuance of advance refunding bonds and the authority to effect a forward current refunding are matters of general statewide concern, and ORS 287A.360 to 287A.380 preempt all local statutory or charter authority to issue advance refunding bonds or to effect a forward current refunding. (2) A public body […]