Section 289.220 – Covenants regarding bond issuance.
The official action authorizing the issuance of bonds under this chapter to finance or refinance, in whole or in part, the acquisition, purchase, construction, reconstruction, installation, improvement, betterment, extension, management, operation or funding of a project may contain covenants that limit the exercises of powers conferred by this chapter in the following respects and in […]
Section 289.225 – Sources of bond repayment restricted; recitations in bonds.
(1) Revenue bonds issued under this chapter shall not: (a) Be payable from nor charged upon any funds other than the revenue pledged to the payment thereof, 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 […]
Section 287A.640 – Notice to commission of proposed issues; duty of public bodies to assist; rules.
(1) The Oregon Municipal Debt Advisory Commission may, by rule, require a public body to provide the commission with prior notice of proposed issuance of new bonds in a form and at times specified by the commission. (2) To assist the commission in carrying out its duties, a public body shall verify, at the request […]
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 […]
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 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 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 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 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 […]