Section 289.235 – Loan of bond proceeds for projects; state not required to have ownership or leasehold interest.
The state, acting through the State Treasurer and the Oregon Facilities Authority, or either of them, may lend the proceeds of the bonds authorized by this chapter for eligible projects without the necessity of the state having any ownership or leasehold interest in the eligible projects. Loans made pursuant to this section shall be secured […]
Section 289.240 – Report of bonding activities; rules.
(1) Within 90 days following the closing of each fiscal year, the Oregon Facilities Authority shall report on its operations to the Governor, State Treasurer and the Legislative Assembly. The report shall include a summary of the authority’s activities relating to bonds issued under this section. (2) In accordance with any applicable provision of ORS […]
Section 289.100 – Oregon Facilities Authority; members; qualifications; term.
(1) There is created a body politic and corporate to be known as the Oregon Facilities Authority. The authority is constituted a public instrumentality, and the exercise by the authority of the powers conferred by this chapter is the performance of an essential public function. (2) The authority consists of seven members who must be […]
Section 289.105 – Official action to undertake project.
The undertaking of any eligible project must be requested by official action of the participating institution taken at a regular or duly called special meeting thereof by the affirmative vote of a majority of the members of the institution’s board of directors. [1989 c.820 §5]
Section 289.110 – Duties and powers with respect to projects.
(1) In addition to any other powers granted by law, the state, acting through the State Treasurer or a designee of the State Treasurer, may: (a) Enter into agreements to finance the costs of an eligible project by lending the proceeds of bonds authorized by this chapter to a participating institution under terms and with […]
Section 289.115 – Functions.
In carrying out its duties under this chapter, the Oregon Facilities Authority, acting for and in behalf of the state as its duly authorized agency, may: (1) Acquire, construct and hold in whole or in part any lands, buildings, easements, water and air rights, improvements to lands and buildings and capital equipment to be located […]
Section 289.120 – Limitation on manner of operating project and expenditure of funds.
Except as provided in ORS 289.115 (2), the state shall not have power to operate any eligible project as a business or in any manner whatsoever. Nothing in this chapter authorizes the state to expend any funds on any eligible project, other than the revenues of such projects, or the proceeds of revenue bonds issued […]
Section 289.005 – Definitions for ORS chapter 289.
(1) As used in this chapter, unless the context requires otherwise: (a) “Authority” means the Oregon Facilities Authority created by this chapter. (b) “Bonds” or “revenue bonds” means revenue bonds, as defined in ORS 286A.001. (c) “Cost” means the cost of: (A) Construction, acquisition, alteration, enlargement, reconstruction and remodeling of a project, including all lands, […]
Section 289.010 – Findings; purpose.
(1) The Legislative Assembly finds that by use of the powers and procedures described in this chapter for the assembling and financing of lands for housing, educational, cultural or other nonprofit uses and for the construction and financing of facilities for those uses, financed through the issuance of revenue bonds secured solely by the properties […]